Despite 2017 being a challenging year, landlords’ support of their tenants – including those in financial difficulty – remains strong, according to research from Simple Landlords Insurance.
The safety net for homeowners facing financial difficulty has been scaled back over the last decade, a report commissioned by UK Finance has concluded.
One in four home owners in the UK want to move within the next five years but the cost of doing so is making it hard to move up the ladder, according to new research.
Rent prices will continue to rise while rental stock falls in the UK in 2018 with the abolition of stamp duty for many first time buyers unlikely to have much of an impact, according to agents.
The abolition of stamp duty for most first time buyers in the UK should help to boost the housing market at the beginning of 2018 but overall next year is expected to be steady and stable.
Following a decade of growth in residential mortgage lending, the aftermath of the 2007 financial crisis saw a sharp contraction in mortgage sales, suggests research from the FCA’s Data Bulletin analysing regulated mortgage lending over the last ten years.
A slower sales market in the South of England has revived the accidental landlord as more people chose to rent their properties out instead of waiting for a sale, findings from Countrywide plc Monthly Lettings Index show.
First-time buyers have been the strongest part of the market, lending £50.5 billion in 2016, which is over 10% higher than in 2007 (£45.3 billion), figures from the FCA data bulletin show.
The total value of privately owned properties in the UK has increased by £1.94 trillion over the last decade, surpassing £6 trillion for the first time.
Investment in buy-to-let continues to outperform most major asset classes, at a time of low saving rates and stock market volatility.
Larger scale landlords with 10 properties or more appear to be the most confident about the private rental sector, and are most likely to grow their portfolios.
There has been a record number of new student accommodation bed spaces delivered in 2017, with possible consequences for future buy to let investment in the sector.
One of the last major estate agencies to give its forecast for 2018 says London prices will drop another 0.5 per cent next year, following what it believes will have been a 1.0 per cent fall in 2017.
A relaxation of withdrawal allowanced by the Reserve Bank of India has resulted in more Indian buyers looking for property in London, it is suggested.
The average deposit put down by first time buyers in the UK is £51,821 which could rise to £65,930 in five years and in 10 years reach £81,468, according to new research.
Residential property prices in the UK increased by 2.4% in the three months to the end of November, the faster growth for this measure since January, the latest index shows.
House prices in key cities around the globe increased by 5.1% in the 12 months to September 2017, down from 6.3% in the second quarter of the year and the lowest rate of annual growth since the start of 2016.
A new £25 million fund has been launched to help local authorities in England deliver more high quality, well designed homes.
Buyers are twice as likely to be very satisfied with the quality of their new home if it was built by a small or medium sized (SME) house builder, according to new research.
Average rents in the prime central London residential property market fell 2.4% year on year in November, the most modest decline recorded in more than 18 months.