Tag: Northern Ireland
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ONS Price Index of Private Rents (PIPR) – May 2024
Rents are still rising across the UK, but there are signs that the pace of increases is slowing down, giving landlords and potential investors plenty to think about. The latest figures show that the average rent across the UK went up by 8.7% in the year to May 2024. This means that if you were…
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Get More Cash Upfront – Assetz Capital Gives Developers a Boost
Property developers, Assetz Capital is giving you a helping hand with your cashflow. They’re offering bigger upfront payments on development loans, designed to make life easier for builders right from the start. Previously, Assetz Capital offered loans up to 70% of the estimated total value of a project (known as Loan to Gross Development Value,…
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Is the Housing Market About to Hit the Brakes?
Good news for sellers in Scotland and Northern Ireland but for everyone else, things are looking less rosy. After months of positive news, it seems the housing market might be running out of steam. Experts at the Royal Institution of Chartered Surveyors (RICS) say confidence is waning. This comes despite recent improvements and with a…
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UK Housing Market Springs Back – Prices and Rents on the Rise!
The recent data released by the Office for National Statistics (ONS) has shed light on the state of the UK housing market, revealing some significant trends in house prices and rental costs. After a period of decline, the UK housing market has shown signs of recovery with an average increase of 1.8% in house prices…
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ONS House Prices – March 2024
In March 2024, the average property price in the UK experienced a slight uptick, reflecting a modest but positive growth in the housing market. With average prices climbing to £283,000, homebuyers and investors are seeing changes across various regions and property types. This article provides an in-depth look at the recent data released by the…
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ONS Price Index of Private Rents (PIPR) – April 2024
The Office for National Statistics (ONS) has released its latest data on private rent prices across the UK for April 2024, providing a comprehensive overview of the current rental market. Here’s a breakdown of the key points from the report. UK Rent Trends According to the latest data from the Office for National Statistics (ONS) for May…
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UK Construction Sector Hits a Wall with a 21% Plunge in 2024
The UK construction industry has seen a significant downturn in 2024, with the number of new projects commencing dropping by 21% compared to the previous year. This decline is particularly alarming given the existing shortage in housing supply across the nation. Research conducted by the construction intelligence firm Glenigan has highlighted a concerning trend of…
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Home Help – Mortgage Guarantee Scheme Shows Modest Growth
As the curtain was set to close on 2023, the UK government’s mortgage guarantee scheme saw a slight increase in use. According to HM Treasury, the final quarter of 2023 recorded 1,784 mortgage completions under this scheme, contributing to a total of 42,836 since its inception in April 2021. This figure represents 1.3% of all…
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Northern Ireland’s Housing Market Shows Resilience
The housing market in Northern Ireland is exhibiting promising signs of stability and marginal growth. According to the latest Northern Ireland Quarterly House Price Index Report from Ulster University, the average house price in the region for the first three months of the year was £206,754. This marks a slight increase of 0.6% compared to…
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UK Property Market’s Spring Rise Stumbles Over High Mortgage Rates
The anticipated “spring bounce” in the UK property market hasn’t taken off as expected this year, leaving estate agents and surveyors reporting a slower season than usual. A recent survey conducted by the Royal Institution of Chartered Surveyors (RICS) reveals that rising mortgage rates have significantly impacted buyer enthusiasm and market activities. The RICS monthly…