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Landlords and tenants leaving the lettings market in central London as costs rise
Tenant demand in the residential lettings market in central London is showing signs of slowing and landlords are looking outside the city for higher yielding investment, new research suggests. The number landlords reporting a rise in tenant demand in the fourth quarter of 2016 fell by almost 30% points when compared to the same quarter […] The post Landlords and tenants leaving the lettings market in central London as costs rise appeared first on PropertyWire . Continue reading →
Rents outside of London up by 2.3% year on year but flat for fifth month in a row
Rents paid by private sector tenants in Great Britain outside of London rose by 2.3% in the 12 months to December 2016, unchanged for the fifth month in a row, the latest official figures show. In England rents were up by 2.5%, in Wales they increased by 0.3% and in Scotland they were up by […] The post Rents outside of London up by 2.3% year on year but flat for fifth month in a row appeared first on PropertyWire . Continue reading →
Housing stock value in UK passes £5 trillion for the first time
The total value of all homes in the UK rose to a record £6.79 trillion last year with the South East outperforming London, new research shows. Overall growth of £491 billion underscored housing’s status as the UK’s greatest store of wealth, according to latest analysis from international real estate adviser Savills. It means that privately […] The post Housing stock value in UK passes £5 trillion for the first time appeared first on PropertyWire . Continue reading →