The central London rental market is beginning to show signs of topping out as tenant demand slides and landlords look to higher yielding investments in other areas of the UK.
The latest assessment of major UK cities’ housing markets by property consultancy Hometrack shows more locations overhauling London in terms of price growth.
Inflation has taken over from Brexit as “the biggest threat to affordability and confidence in the housing market” according to a leading estate agent.
During a debate in the House of Lords this morning, it was made known that the consultation on the ban on letting fees charged to tenants will be in March/April.
Rents in Scotland dipped in the final three months of 2016, new data has revealed
Surveyors have reported a subdued start to the year with a slight drop in sales activity and many predicting a fall in volume over the next three months.
Last year was the best for remortgages since 2009 as homeowners locked onto rock bottom mortgage rates, research from LMS has found.
The Bank of England’s decision to crack down on buy-to-let lending through the introduction of tighter borrowing rules and stricter affordability tests mean that increasing numbers of landlords are turning to less conventional forms of finance in order to carry on investing in the buy-to-let market.
Home movers and first-time buyers dominated mortgage lending in November 2016, while remortgages made buy-to-let look better than it is, Council of Mortgages Lenders figures show.
The number of first time buyers in the UK is estimated to have reached 335,750 in 2016, up 7.3% and the third year in a row of growth, according to a new report.
Housing market activity in December was 40% higher than the same month in 2014 according to research from Connells survey & valuation.
London house prices rose by 1.8% and 8.1% on a monthly and yearly basis in November despite reports of price growth slowing in the capital, the government’s UK House Price Index shows.
Prime Minister Theresa May has confirmed that the UK will exit the European single market whilst insisting that she wants to remain “the best friend” to European partners.
Asking prices for homes in Britain have increased marginally in the last month, while demand on the house-hunting website Rightmove has also risen, new figures show.
Two cousins who turned their rental property in central Hartlepool into a drug factory were jailed yesterday.
One funding organisation has suggested that the space occupied by London’s council-owned garages could provide thousands of new homes for the capital.
Purplebricks has rolled out to a second territory in Australia, while claiming that in the UK people are paying too much in commission to high street estate agents.
More landlords are converting their properties into Houses in Multiple Occupation to increase their yields ahead of the buy-to-let tax changes according to Roma Finance.
First-time buyers will have more choice with fewer buy-to-let investors to compete with in 2017, Rightmove claimed in its house price index.
The key to a successful long-term buy-to-let investment is securing solid rental yields for income returns and the potential for capital growth from increasing property prices over time.