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Basement extensions becoming more popular in the UK
The extent of the trend for home owners in the UK to build basement extensions is revealed by new research which shows planning applications for this kind of work has increased by 9% in the last two years. But in London they are even more fashionable with a rise of 11% in applications to local […] The post Basement extensions becoming more popular in the UK appeared first on PropertyWire . Continue reading →
Rents start falling in the UK, latest national index shows
The average rate of rent growth in the UK is falling and could continue to do so over the next few months, an unprecedented trend in recent times, according to the latest home rental index. Rents in January were just 0.7% higher than a year ago, down from a peak of 4.7% seven months ago […] The post Rents start falling in the UK, latest national index shows appeared first on PropertyWire . Continue reading →
Low mortgage rates keeping affordability low for home borrowers in UK
Historically low mortgage rates are the main driver behind a significant improvement in affordability for home borrowers in the UK since 2007, new research shows. Mortgage affordability, that is the proportion of income spent on home loan payments, has remained well below the peak of 2007, according to the study from lender the Halifax, up […] The post Low mortgage rates keeping affordability low for home borrowers in UK appeared first on PropertyWire . Continue reading →