Tag: Northern Ireland
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ONS House Price Index, August 2023
The ONS today released its latest House Price Index, covering August 2023. This index offers a summary of house price changes across various regions of the country, painting a picture of the prevailing housing market conditions. Key Highlights The top findings give a general overview: Assessing the UK House Prices Landscape The data, compiled by…
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Who’s Investing in Buy-to-Let? A Guide to Landlords
A recent study has peeled back the layers, providing a detailed profile of who these property investors really are in England. According to the in-depth analysis conducted by Confused.com, utilizing government statistics, industry figures, and its own data, a whopping 93.7% of landlords are private individuals. This insight dispels the common notion that big corporations…
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Rent Increases Across Regions
According to data released by HomeLet, a tenant referencing and insurance provider, the average UK rent has climbed to £1,276. This isn’t just a random spike; it’s an 8.9% climb from what it was a year ago in September 2022, and a 1.38% increase from just August this year. HomeLet’s chief executive, Andy Halstead, has…
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House Prices Have Fallen 13% in Real Terms
While it’s been widely reported that UK house prices have experienced a modest dip of 2.8% in nominal terms since their peak in March 2022, inflation’s role has largely been underplayed. Actually, when adjusted for inflation, house prices have plummeted by a significant 13.4%, according to comprehensive analysis conducted by Savills using the Nationwide house…
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Zoopla Reports Rents Rising by 10%
According to Zoopla’s latest report, the average rent for a new tenancy has surged by a staggering 10.3% over the past year. When translated into monthly figures, renters are now shelling out an average of £1,164. That’s an annual increase of £1,320 compared to September 2022 figures. The Supply-Demand Equation The primary catalyst for this…
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UK Housing Market Continues Cooling
The UK property market exhibits a cooling trend, with house prices dropping across all regions for the first time since 2009. Recent data from Nationwide reveals that there has been a noticeable dip in the average house prices across all regions in the three months leading up to September, the first widespread drop observed since…
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House Prices Falling Twice as Fast
The HomeOwners Alliance House Price Watch, which aggregates various indices, provides a clear snapshot. Over the past year, there has been a 3.1% decline in annual house prices. Alarmingly, this rate of decline has doubled from the 1.5% fall reported last month. This marks the third consecutive month where the descent has accelerated, indicating a…
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Property Auctions: More Listings but Lower Sales
Essential Information Group (EIG), a respected auction data company, has reported an intriguing trend: a notable surge in properties being listed for auction. However, the optimism from this surge is tempered by the fact that the expectations of sellers may be outstripping what buyers are willing to pay. The Numbers at a Glance Although August…
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UK House Prices: ONS Figures for August 2023
The ONS has released their latest overview of UK house prices, covering the year to July 2023. Overview Drilling Down: House Prices by Country England The average house price here increased by 0.6% over the last year, reaching £309,000 in July 2023. Scotland Scotland witnessed a modest rise of 0.1% over the year, bringing the…
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UK Private Rental Market: Govt Stats August 2023
The Office for National Statistics released their figures for the UK private rental market for August 2023. In recent data, the prices paid by tenants in the UK for private rentals have experienced a significant rise. Specifically: UK Private Rental Prices: A Closer Look Since January 2016, when this data series began, the August 2023…