Deposits
House price growth increased across the UK in first weeks of 2017
Average house prices in the UK increased by 6.2% in the 12 months to January 2017, up from 5.7% in the year to December 2016, according to the latest official figures to be published. The average UK house price was £218,000 in January, some £13,000 higher than in January 2016 and £1,000 higher than December […] The post House price growth increased across the UK in first weeks of 2017 appeared first on PropertyWire . Continue reading →
Home buyers in England and Wales pay 7.6 times earnings for a home
On average people paid around 7.6 times their annual earnings on buying a home in England and Wales in 2016, up from 3.6 times earnings in 1997, the latest data shows. The median price paid for residential property in England and Wales increased by 259% between 1997 and 2016 while median individual annual earnings increased […] The post Home buyers in England and Wales pay 7.6 times earnings for a home appeared first on PropertyWire . Continue reading →
Lettings industry urged to be careful about deposit deductions following legal case
Letting agents and landlords in the UK are being urged to be careful with deposit deductions if they cannot prove what they are for in the wake of a court case. The warning from the Association of Independent Inventory Clerks (AIIC) follows a court case in Bristol where a group of tenants claimed back over […] The post Lettings industry urged to be careful about deposit deductions following legal case appeared first on PropertyWire . Continue reading →