Tag: Wales
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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…
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Landlords Reducing Size of Portfolios
If you’ve been considering venturing into the world of property investment, particularly in the buy-to-let (BTL) sector, there’s been a significant shift that you should be aware of. The evolving landscape of government policies has presented both challenges and opportunities for landlords. Here’s a summary of what’s happening and what it could mean for you.…
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Best Rental Yields? Wales and The North
As a budding property investor or someone simply curious about the market trends, the landscape of the UK property market can seem daunting. Yet, it is crucial to understand where the best rental yields are being reported, as it is a vital factor in ensuring your property investment strategy thrives. Today, let’s delve into a…
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Landlords Income Surging Amid Rising Costs
For potential property investors in the UK, one burning question remains — is now a good time to jump into the buy-to-let market? The recent numbers are in, and they might just surprise you. A Year of Growth: The Broad Picture It’s undeniable that the past year has presented numerous challenges for landlords across England…
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The Potential of Later Living in Build to Rent Suburban Communities
In recent years, the Build to Rent (BTR) suburban communities have emerged as a significant player in the UK housing market, offering modern, purpose-built rental properties to a diverse range of tenants. While initially aimed at maturing millennials looking to settle outside London, these communities have evolved to cater to various stages of life. However,…
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The “State of the Lettings Industry” Report
Goodlord and Vouch, two key players in the rental market, recently released their comprehensive “State of the Lettings Industry” report. This annual study, now in its sixth edition, gathers insights from: This report presents an on-ground view, especially after prolonged media debates around tenant demand and landlord decisions. Rising Tenant Demand vs. Shrinking Property Availability…
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Planning Permissions for New Homes Decline, Warning of Decreased Housing Supply
The number of planning permissions granted for new build houses in England has seen a significant decline during the second quarter of 2023, continuing a downward trend that has persisted over the past two years. This alarming data comes from the latest HBF Housing Pipeline report, which relies on information supplied by Glenigan. The report…
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Rents Will Rise 5x Faster than House Prices
Hamptons, a leading estate agent group, forecasts that rents will increase by nearly five times more than house prices by 2026. It predicts a 25% rise in rents between 2023 and 2026, outpacing the average 5.5% growth in house prices during the same period. Rising Rents and Falling House Prices The increase in rents is…
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Holiday Lettings Under Scrutiny: How Global Cities Are Responding to Airbnb
Around the globe, from bustling cities like New York to quaint towns in North Devon, concerns about the impact of short-term holiday accommodations, especially Airbnb, are mounting. With major tourist destinations tightening their grip on Airbnb’s operations, both hosts and guests may soon feel the pinch. But what’s driving this move? And what does it…