Tenancy disputes forecast to rise in the wake of the Renters' Rights ...
WEB1 day ago · It’s estimated that by the end of this year alone, tenant disputes will reach a total of 42,542 which will mark an annual increase of +0.9%. It’s also expected that this will be followed by a further increase of +3.5% in 2025 pushing the number of annual disputes to a total of 44,040 - the highest yearly total seen since 2014.
Landlord exodus yet to happen following first reading of Renters ...
WEB1 day ago · Landlord exodus yet to happen following first reading of Renters' Rights Bill. New data suggests that the Renters' Rights Bill has not yet resulted in the mass exodus of landlords that many feared it would. The latest research by Lomond analysed the number of residential properties that have come to the UK sales market with tenants still in ...
Monthly property transactions break 100k barrier for first time …
WEB2 days ago · The latest research by estate agent comparison site, GetAgent.co.uk, has shown that whilst market confidence has grown considerably since the Bank of England decided to hold the base rate at 5.25% in September last year, this positivity is only just filtering through with respect to transactional volumes, with the number of monthly sales completing across the UK property market tipping the ...
Sellers achieving over 99% of asking price despite challenging …
WEB3 days ago · Sellers achieving over 99% of asking price despite challenging economic conditions. Average homeowners across England and Wales are achieving 99.4% of their asking price despite growing financial pressures in the wider economy, up 2.4% when compared to the same timeframe last year.
Everything in household news on Property Reporter | Property …
WEBAverage cost of running a home sees 14% rise in five years. 22nd April 2024. The analysis of ONS data has revealed an £863 per year surge in the cost of owning and running a home in the UK. Top tips to revamp your home for spring. 8th April 2024.
UK homeowner equity swells to record levels - Property Reporter
WEBSep 4, 2024 · For households, the £321,213 of equity in the average UK over-55 homeowner’s property is worth almost 10x the average pensioner couple’s annual net income of £38,168. The contrast highlights how private property wealth can play both a personal and policy role to help meet later life living …
Sellers yet to come to terms with the reality of current market ...
WEB6 days ago · This suggests that not only are buyers treading with greater caution due to the higher cost of borrowing, but sellers are yet to come to terms with a cooling market when setting their asking price. In London, the gap between the buyer (£511,293) and the seller (£676,707) sits at 32.4%, the largest gap seen since Q1, 2020.
UK housing market optimism boosted by interest rate cut
WEBAug 6, 2024 · According to Nationwide, the average house price in July reached £266,334, a 2.1% year-on-year increase, marking the highest annual growth rate in 19 months. In another signal of an improving market, Zoopla reports that buyers are paying closer to asking prices, with the average now at 96.8%, up from 95.4% last November.
Recovering UK property market becoming more appealing to …
WEBSep 19, 2024 · On average, the UK has recorded property value spikes of between 4-7% following an election, with market confidence often increased due to new policy promises. On the other side of the coin, negative economic events, such as national/global recessions, inflation and interest rate rises can significantly hamper market confidence resulting in a ...
Over half of landlords and agents feel pessimistic about PRS
WEBSep 27, 2024 · More than half of letting agents - 54% - now feel pessimistic about the PRS, the lowest rate in the history of the report. The sentiment amongst landlords is even worse, with 75% feeling pessimistic about the PRS, and half of those saying they were “very pessimistic”. Despite the financial pressures many are facing, tenants were the least ...