Tag: Wales
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ONS Rental Price Index, September 2023
The ONS today released its Index of Private Housing Rental Prices for September 2023. According to the Index —an experimental price index that monitors the prices paid for renting property from private landlords in the UK—there has been a significant gain in private rental prices, especially in the year preceding September 2023. A Peak in…
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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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House Prices Fall £1100 – esurv
New findings from the e.surv house price index illuminate a stark reality: in just one month, average house prices have plummeted by over £1,100. This isn’t a minor fluctuation but the fourth largest monthly fall witnessed in 2023, painting a picture of uncertainty for homeowners and potential buyers alike. But what’s precisely nudging this domino…
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Landlords on the Edge: 1 in 4 Plan Exit Amid Tough Market Conditions
According to the Simply Business Landlord Report, which scrutinises the feedback of 1,455 UK landlords, a substantial shift is looming on the horizon: despite an upswing in the demand for rental homes, one in every four landlords is contemplating selling at least one investment property within the forthcoming year. This decision doesn’t seem impulsive, considering…
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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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Renters Squeezed: ONS Reports a Surge in Housing Affordability Issues
The Office for National Statistics (ONS) has shown an increasing number of individuals are finding it tough to keep up with their rent or mortgage payments. The ONS’s latest bulletin on ‘Public opinions and social trends’ shows a stark reality — 40% of adults who are either renting or paying a mortgage find these payments…
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Wales’ Home Values Take a Dip: First Time in a Decade
The residential property market in Wales is experiencing its first year-on-year decline in house prices in ten years. According to research from Principality Building Society, the average cost of a home in Wales receded to £239,378 in the third quarter of 2023. This rate is not only a 1.1% decrease from the previous quarter but…
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Post-Summer House Price Growth Slows to a Crawl
The UK’s housing market, typically buoyant following the summer months, is experiencing its most sluggish growth since the financial crisis of 2008. This deceleration is largely attributed to a series of interest rate hikes initiated by the Bank of England, which have significantly influenced buyer and seller behaviours across the board. A Subdued Surge in…
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Sales Dip, Yet Optimism Remains for Q4
The third quarter of 2021 showcased a notable downtrend in the housing sector, particularly in England and Wales, according to Street.co.uk’s latest market report. Residential property sales across England and Wales experienced a notable decline in the recent quarter, with transactions dropping by 12%. This downtrend was not solely confined to completed sales but also…
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Welsh Housing Market Sees More Listings, But Challenges Persist
The property landscape in Wales is experiencing a mix of trends. Despite a surge in new property listings, both sales and prices are undergoing a downturn, according to RICS. The dynamics of the Welsh property market have been anything but predictable, and for potential investors or sellers, understanding these trends is crucial. A Surge in…