Scotland

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

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Rents in UK up 3% year on year but some regions falling on quarterly basis

Asking rents in the UK increased by 3% annually outside London in 2016 with the highest growth recorded in northern regions, the latest index shows. However, rents in London fell 4.4% with inner London seeing the biggest decline in the fourth quarter of 2016, according to the data from real estate portal Rightmove. In 2017 […] The post Rents in UK up 3% year on year but some regions falling on quarterly basis appeared first on PropertyWire . Continue reading

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Official data shows property prices in UK up almost 7% in 12 months to November 2016

Residential property prices in the UK increased by 6.7% in the 12 months to November 2016, according to the latest official data to be published. Prices were also up 1.1% month on month, taking the average price of a property to £217,928, the figures from the Office of National Statistics (ONS) shows. The main contribution […] The post Official data shows property prices in UK up almost 7% in 12 months to November 2016 appeared first on PropertyWire . Continue reading

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