UK property transactions fell by 0.8% from the month before and 3.2% year-on-year in July – leading to experts labelling the market as ‘flat’ and ‘stagnant’.
Almost one in five landlords intend to remain in the buy to let market in the UK indefinitely, with the same number of portfolio landlords having a similar outlook.
Average asking prices in Britain fell by 2.3% or £7,218 this month, and are down by 0.1% compared to August last year at £301,973, the latest index shows.
Home owners in more affluent London boroughs are the most likely to have planning permission approved as the system is ‘broken’ in many areas, a new study has found.
Auction House recorded an impressive set of results at its July auctions, with a total of 427 lots sold. This was up more than 18% (18.2%) on the same month last year.
For years, buy-to-let has been heralded as the most lucrative form of property investment. For those with money to invest, the holiday let industry, however, is quickly gaining ground in terms of financial returns.
Strong price growth across a number of West London boroughs has been reported by rental brand Residently.
Research by TotallyMoney has revealed that buy-to-let landlords facing increased taxation and diminishing profits could find better yields in UK towns and cities with a high student population.
The Bank of Mum and Dad (BOMAD) desperately needs financial advice and guidance, equity release advisor Key has found.
The City of London has been the worst performing area of the UK for property price growth since the Brexit vote – with a price drop of -21.9%.
M&S Bank has increased the loan-to-value to 95% on three products to 95%.
HSBC UK is refreshing its mortgage range by reducing a number of fixed rates.
One of the lettings industry’s senior figures has welcomed the introduction of mandatory five yearly inspections of electrical installations in private rental sector properties.
Speculation is growing that three year tenancies for private renters – long favoured by the government – could be announced as soon as next week.
A regional pilot has been launched for what is called the Voluntary Right to Buy – a scheme giving housing association tenants the opportunity to purchase their homes at a discounted price.
More than 420,000 people have now used the government’s Help to Buy schemes to get themselves on to the housing ladder according to new government figures.
Kissimmee in Florida, Barcelona in Spain and Cornwall in the UK are the best places to buy a holiday home to rent out in terms of being a good investment, according to new research.
More garden towns are to be built in England with a new communities programme launched to provide over 200,000 new homes by 2050.
Home owners are ageing at a faster rate than the UK population as developments in post-retirement lending has put a strain on the current model of financial advice, according to a new report.
Hundreds of landlords are moving from long to short-term lets on Airbnb and other online outlets to counter falling yields, according to DJ Alexander Ltd.
Market labelled ‘stagnant’ after property sales fall in July
Almost one in five landlords say they are in the business for the long term
Average asking prices in Britain down 2.3% month on month in August
Broken planning system in London means those in affluent areas more likely to get approval
Impressive July Auction results