PRS

More than half of tenants in UK private rented sector cannot afford to buy

More than half of people who rent a home in the UK are doing so because they cannot afford a deposit to buy a property, new research has found. There have been several announcements recently about building more affordable homes and research showing that some aspiring first time buyers, particularly in London, cannot afford even […] The post More than half of tenants in UK private rented sector cannot afford to buy appeared first on PropertyWire . Continue reading

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Property industry in UK wants tax boost for Build to Rent sector

The British property industry is hoping that Chancellor Philip Hammond will announce tax measures in his autumn statement that will boost the fledgling build to rent sector as a time when more homes are needed in the rented sector. Figures from the British Property Federation show that in the past year the number of Build […] The post Property industry in UK wants tax boost for Build to Rent sector appeared first on PropertyWire . Continue reading

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Rental prices in Britain up by 2.3% year on year, latest index shows

Private rental prices paid by tenants in Britain rose by 2.3% in the 12 months to August 2016, down 0.1% compared with the previous monthly data. The figures from the Office of National Statistics (ONS) also show that rent increased by 2.4% in England, by 0.1% in Wales and were unchanged in Scotland, having slowed […] The post Rental prices in Britain up by 2.3% year on year, latest index shows appeared first on PropertyWire . Continue reading

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