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Residential rents up by almost 4% in England and Wales year on year
Rents increased in England and Wales by 3.9% in the 12 months to November 2016 taking the average rent to £830 a month, the latest index data shows. London remained the most expensive place to rent a property with rents reached a new high of £1,295 per month, according to the Your Move index. But […] The post Residential rents up by almost 4% in England and Wales year on year appeared first on PropertyWire . Continue reading →
Luton sees biggest house price rise in UK in 2016, Aberdeen the biggest fall
The biggest increase in house prices in the UK in 2016 was in the southern England town of Luton where the average property value increased by almost 20%, new research shows. Based house price data from lender the Halifax, the average house price in the Bedfordshire increased from £214,934 to £256,636 in 2016, some19.4% higher […] The post Luton sees biggest house price rise in UK in 2016, Aberdeen the biggest fall appeared first on PropertyWire . Continue reading →
Calls for leasehold new build sales to end in the UK
Newly built homes in the UK are being left unsaleable after catching house buyers in a leasehold property trap, with owners being asked to fork out five figure sums for freeholds, it is claimed. With a 999 year long lease and marketing describing them as ‘virtually freehold’, new build properties are becoming increasingly attractive to […] The post Calls for leasehold new build sales to end in the UK appeared first on PropertyWire . Continue reading →