bank of england

More lettings stock, Brexit and stamp duty have had an impact on London rental market

An increase in residential lettings stock in London due to Brexit and stamp duty is having a downward pressure on rents, according to the latest analysis report. A return to rental growth, last seen in March 2016, is unlikely as tenants have adjusted to the current lower levels and more choice means they can afford […] The post More lettings stock, Brexit and stamp duty have had an impact on London rental market appeared first on PropertyWire . Continue reading →

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UK property prices keep edging upwards, latest index shows

Property prices in the UK continued to push upwards in February with a rise of 0.6% month on month taking the average price to £205,846. The index date from lender the Nationwide also shows that year on year house price growth has increased by 4.5% and more households in England own their property outright than […] The post UK property prices keep edging upwards, latest index shows appeared first on PropertyWire . Continue reading →

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Official data shows where homes in England and Wales are least affordable

A quarter of neighbourhoods in England and Wales were off-limits to many prospective home owners last year because average income in these areas was below the level needed to buy, new research suggests. According to analysis of data from the Office of National Statistics (ONS), the cost of an entry level property on average across […] The post Official data shows where homes in England and Wales are least affordable appeared first on PropertyWire . Continue reading →

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