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Rents outside of London reach average of £750 a month, latest index shows

Renting a home is becoming more expensive in the UK outside of London as rent paid rises and pay falls, the latest letting index suggests. The average rent paid for a residential property outside the capital city was £750 in December and increased by 2.04% over 2016, according to the Landbay rental index. The index […] The post Rents outside of London reach average of £750 a month, latest index shows appeared first on PropertyWire . Continue reading

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Homes are becoming less affordable in the US as prices rise and wages don’t

Houses are becoming less affordable in the United States with the latest figures showing that in the final quarter of 2016 29% were less affordable than their historic affordability averages. This was up from 24% of markets in the previous quarter and up from 13% a year ago to the highest share since the third […] The post Homes are becoming less affordable in the US as prices rise and wages don’t appeared first on PropertyWire . Continue reading

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Research finds shared ownership is still too expensive for many first time buyers

Shared ownership schemes in the UK designed to help first time buyers onto the housing ladder are still unaffordable and put the majority of properties out of reach, new research has found. A report from consumer organisation Which? reveals the true scale of how unaffordable shared ownership schemes are in some areas, particularly Greater London. […] The post Research finds shared ownership is still too expensive for many first time buyers appeared first on PropertyWire . Continue reading

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