House prices accelerate at record pace in September: Nationwide
WEB5 hours ago · UK house prices saw a further rise of 0.7% in September with the price of a typical home in the UK now standing at £266,094. The annual rate of growth climbed rapidly from 2.4% in August to 3.2% in September, according to Nationwide, the fastest pace since November 2022. Average prices are now only 2% below the all-time highs recorded in ...
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.
2022 and the future of the housing market | Property Reporter
WEBJan 14, 2022 · 2022 and the future of the housing market. 2021 proved to be one of the most hectic years to buy and sell a home. We witnessed prices soaring to record highs, mortgages rates at less than 1% and the end of the stamp duty holiday which helped 1.5 million property transactions.
Gap between asking and sold prices narrows - Property Reporter
WEBJan 18, 2024 · Across the UK, the average sold price in Q3 2023 stood at £289,907, -21.2% below the average asking price of £367,694. While this remains a significant gap, it is the first time the gap has narrowed rather than expanded since Q4 2022. In London, the gap between asking price and sold price sits at -21.9% having also narrowed for the first time ...
2021 set to be a year of deadlines for the property market, but …
WEB3 days ago · Despite the dust only just beginning to settle from a highly active end to 2020 for the housing industry, there is a lot to take in for 2021 already. The UK’s departure from the EU, vaccine rollouts and a new lockdown, just to name a few.
What lies ahead for UK real estate in 2024? - Property Reporter
WEBNov 29, 2023 · Tom Brown, Managing Director, Real Estate at Ingenious, looks ahead to 2024 and what might be in store for landlords, first-time buyers and existing homeowners. Landlords, FTB, 2024, UK Property Market. Tom Brown | Ingenious. 29th November 2023. "With residential rents experiencing a year-on-year increase of …
Housing supply and demand rebalancing following ... - Property …
WEBMar 21, 2024 · Housing supply and demand rebalancing following surge of new properties hitting the market. The average volume of properties in England listed for sale month-on-month saw a 58% rise in 2023 compared to 2022.
Property market remains resilient against challenging economic …
WEBDec 13, 2023 · “The economic winds are changing, bringing optimism to the market. Mortgage rates are normalising; however, buyer and sellers remain cautious. Added to that, inflation, after experiencing the sharpest decline in three decades, has fallen to 4.6% in October, marking its lowest point since November 2021.”
Single Family Housing Build-to-Rent outperformed the market …
WEBJan 8, 2024 · Build-to-Rent showed surprising resilience throughout another challenging year for the UK property industry, according to Wise Living. Paul Staley, managing director, comments: “We’re entering 2024 with a very different mindset to 12 months ago. At the start of 2023, there was a lot of excitement and positivity about where BTR could be headed, backed up by predictions from Knight Frank ...
Over half of landlords and agents feel pessimistic about PRS
WEB3 days ago · 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 ...