Tag: Wales
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Renters Paying More – Is This The New Normal?
With those pesky interest rates playing havoc with mortgages, rents are still climbing in most parts of the UK. The property website Home says that while London and the Midlands have seen slight dips, rents are still soaring in Scotland, Wales, Yorkshire, and the South West. Average UK rents are now 2.5% higher than they…
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Election Jitters and Soaring Mortgage Costs Spook London’s Luxury Homebuyers
London’s prime property market had a lukewarm June, with sales slumping by 17% compared to last year. Experts are pointing fingers at the recent election and sky-high mortgage rates for scaring away deep-pocketed buyers. The uncertainty surrounding the election seems to have made wealthy homebuyers hit the pause button on splashing out on luxury pads.…
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Scottish House Prices Reach New Highs
Scottish house prices have smashed records for the third month in a row, according to the latest data. The average price tag on a property north of the border has now climbed to £225,636! This latest rise represents a 2.5% jump compared to this time last year and a 0.3% rise from April. This means…
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Gwynedd in Wales May Crack Down on Airbnb and Second Homes
Gwynedd County Council is poised to become the first in Wales to introduce tough new rules for second homes and Airbnbs. Gwynedd is facing a serious housing crisis. The number of second homes and holiday lets in the county has skyrocketed in recent years, pushing local residents out of the market. A New Weapon –…
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Rents Hit Record High, But Is This the Peak?
It’s official, rents across the UK have reached an all-time high, hitting a staggering £1,299 per month. While this might sound good for landlords, there’s a catch: the rate of increase is slowing down. The latest data from HomeLet shows that rent increases have slowed to a measly 0.2% in June. This means that while…
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Islamic Buy-to-Let Mortgage Launched
Finally, an easy way to get into the buy-to-let market that’s in line with Islamic principles. If you’re looking to invest in property, you might be wondering if there are ways to do so that align with your religious beliefs. Well, good news: Offa, a company based in Birmingham, is now offering a buy-to-let mortgage…
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House Prices Bounce Back by 0.4%
House prices are showing signs of recovery, with the biggest monthly jump in almost a year. Despite a slight dip in prices compared to last year, things are looking up for the housing market. The latest figures from e.surv show that the average house price in England and Wales inched up by 0.4% between May…
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UK House Price Indexes: Your Guide to Understanding What the Numbers REALLY Mean!
Trying to understand the housing market can feel like you’re lost in a jungle of confusing numbers. Every month, a bunch of different groups throw out house price figures, and it’s enough to make anyone’s head spin! But don’t worry, we’re here to guide you through the madness. Whether you’re buying, selling, or just curious…
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House Prices Remain Stable but Could Rise by Winter – Halifax
The UK housing market remains steady, with prices barely budging last month. According to the Halifax House Price Index, the average house price in June was £288,455, only a tiny drop of £476 from May. This means prices have stayed pretty much the same for three months in a row. While some might see this…
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Rental Yields Rise Across England & Wales
According to the latest data from Fleet Mortgages, the total average rental yield for England and Wales has jumped 1% to 7.6% compared to this time last year. This follows an even bigger jump from the first quarter of this year, where yields reached 7.1%. The simple reason behind this surge? High demand and limited…