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Rental growth slowed in UK in 2016 but set to rise again in 2017, says lender report
The average residential rent in the UK increased marginally in 2016 with growth of 1.12% over the year, the latest data shows, but growth is expected to rise in 2017. Overall rental growth has slowed from 2.34% in same period of 2015 with rents in London down by 0.31%, according to the national rent review […] The post Rental growth slowed in UK in 2016 but set to rise again in 2017, says lender report appeared first on PropertyWire . Continue reading →
Mortgage borrowing fell in UK in October with buy to let sector still weak
Home owners in the UK borrowed £10.5 billion to buy a house in October, down 8% month on month and 11% year on year, according to the latest figures from the Council of Mortgage Lenders. Overall they took out 57,800 loans, down 8% on September and 13% on October 2015, but it is the first […] The post Mortgage borrowing fell in UK in October with buy to let sector still weak appeared first on PropertyWire . Continue reading →
Fewer landlords put up rents in UK last month but agents still expect rises next year
Fewer residential tenants in the UK saw their rents rise in November but eight in 10 lettings agents expect rents to rise in 2017, new research has found. Overall some 16% of tenants experienced rent increases last month, down from the 18% recorded in October, according to the latest monthly report from the Association of […] The post Fewer landlords put up rents in UK last month but agents still expect rises next year appeared first on PropertyWire . Continue reading →