The average UK house price is eight times the average wage with the majority of least affordable areas in London, new research has found. Indeed, in London the average price of a home is 14 times the average wage, according to research from eMoov with data compiled from all London boroughs and each area across […] The post Average property in UK is eight times the average wage, new research shows appeared first on PropertyWire . Continue reading
economy
Survey suggests buyers and sellers in UK are affected by Brexit
Some 40% of business owners and small businesses in the UK expect buyers and sellers of houses to hold back until there is greater clarity on the impact of Brexit. Of these, 30% expect house prices to fall by 5% over the next year and 11% believe prices will fall by 10% over the next […] The post Survey suggests buyers and sellers in UK are affected by Brexit appeared first on PropertyWire . Continue reading →
New rents fall 0.8% across the UK with latest index revealing slowdown trend
New rents across the UK fell by 0.8% in September and at an average of £910 per month are now just 3% above a year ago, according to the latest index. It is the slowest annual growth rate recorded this year by the HomeLet Rental Index and means that rental price inflation has fallen in […] The post New rents fall 0.8% across the UK with latest index revealing slowdown trend appeared first on PropertyWire . Continue reading →