Tag: Tower Hamlets
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Where are First-Time Buyers Moving to?
It’s no secret that getting on the property ladder is tough, but new research shows just how far people are willing to move to buy their first home. Forget about living close to your family and friends – first-time buyers are increasingly looking further afield to find affordable properties. Over the last decade, some areas…
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Tower Hamlets: London’s Highest Yielding Buy-to-Let Hotspot
Forget those fancy West End flats, smart investors are heading to East London! Tower Hamlets is the new star of the buy-to-let world, offering a 5.9% rental yield – that’s way higher than the London average of 4.81%. It’s simple: high demand, low prices! The average property in Tower Hamlets costs £456,375, but renters are…
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London Second Homes are Worth £6 BILLION!
Fancy a second home in Kensington and Chelsea? You’ll need deep pockets – properties here are worth a staggering £6 billion! New research has revealed that London’s poshest neighbourhoods boast the most expensive second homes in the UK. Estate agent Benham and Reeves found Kensington and Chelsea’s second home market is worth a cool £6…
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London’s Cheapest Boroughs for New Builds Revealed
Thinking of buying a new build in London but worried about sky-high prices? New research has revealed the boroughs where you can still get a brand new home without breaking the bank. Forget fancy central locations, it’s all about heading to the ‘burbs! Havering, in East London, topped the charts with the most affordable new…
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Landlords Face Slower Rent Growth
The red-hot rental market is cooling down! After three years of rents climbing faster than wages, things are starting to change. While landlords can still expect rent increases, the pace is slowing down significantly. The number of people looking for rentals has dropped by a massive 39% in the last year. However, the market is…
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Rental Growth Slows, But Don’t Expect a Price Crash
Zoopla has revealed that rental growth has slowed to its lowest level in over two years. But, while rents aren’t rising as fast as they were, they’re still on the up. The average UK rent is now a hefty £1,232 per month, a £66 increase compared to last year. But the rate of growth is…
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London House Prices Slashed – Bag a Bargain in Your Borough!
Over a third of homes for sale in London have had their asking prices slashed – meaning big savings for buyers like you! Estate agent Benham and Reeves’ latest figures show 34% of London homes currently on the market have had a price reduction. Fancy a posh pad at a discount? Kensington and Chelsea tops…
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London Calling – Where Do Buyers REALLY Want to Live?
It’s no secret that London house prices make your eyes water – but with the market constantly changing, everyone’s asking: will prices go up…or down? The average London home will set you back £496,000 – that’s down from last year, but still miles above the UK average of £284,000! But here’s a twist. Estate agent…
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Rent Rises Slow Down – Is Landlording Still Worth It?
Landlords are facing a double whammy! Rent increases are slowing down, and it’s making some wonder if being a landlord is still a good investment. The latest research shows that rent increases have slowed to their lowest level in 30 months. This means landlords are making less money than before, and it’s all thanks to a…
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Slowing Rent Hikes: What’s Ahead for UK Rental Market in 2024?
The UK rental market is poised for a significant shift in 2024. After years of rapidly climbing rents, a new report from Zoopla forecasts a slowdown to just 5% growth this year. This change is largely attributed to evolving demand and affordability concerns, rather than an increase in housing supply, which remains a crucial issue…