North America

Total mortgage lending in UK still affected by weakness in buy to let

Gross mortgage lending in the UK reached £18.2 billion in February, down 8% on January’s lending total of £19.8 billion but not far from the £18.1 billion lent in February last year. The figures from the latest market report from the Council of Mortgage Lenders, which represents the vast majority of home lenders in the […] The post Total mortgage lending in UK still affected by weakness in buy to let appeared first on PropertyWire . Continue reading

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Rental growth slowing in London more than in rest of UK

Rents in London are increasing at a much slower rate than the rest of the country and the supply of homes to rent is still falling, the latest research shows. Just 8% of lettings agents report rents rising in London in February compared to 25% nationally, according to the latest monthly private rented sector report […] The post Rental growth slowing in London more than in rest of UK appeared first on PropertyWire . Continue reading

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Property prices in Scotland up 4% year on year

Average property prices in Scotland have increased by 4% year on year and were up 2.1% month on month in January 2017, the latest official figures show. This rise takes the average price of a home to £142,233, according to the data published by the Registers of Scotland. But sales were falling towards the end […] The post Property prices in Scotland up 4% year on year appeared first on PropertyWire . Continue reading

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