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WEBAspiring portfolio landlords setting sights on HMOs and MUBs. 1st October 2024. Landlords looking to expand their portfolios are also targeting detached homes, bungalows and in particular, terraced homes according to Paragon's latest research.
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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.
The house price winners and losers of 2023 | Property Reporter
WEBFeb 22, 2024 · Despite numerous industry predictions that a property market crash was on the horizon, Yopa's analysis shows that house prices stood firm in 2023 and, in some areas, climbed by as much as 11%.
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 ...
Total value of property sold in England halved in 2023
WEBFeb 29, 2024 · Total value of property sold in England halved in 2023. £154.7bn worth of property was sold across England during 2023, an annual reduction of £141bn. The latest research from eXp UK has revealed that while £154.7bn worth of property was sold across England in 2023, slower market conditions saw this total fall by …
Labour shortages and rising costs continuing to impact the UK's ...
WEB16 hours ago · A new study by PlanRadar has revealed that housebuilders are under significant pressure, with 78% grappling with rising building costs. The report demonstrates that labour shortages are the top challenge for respondents and significantly contribute to rising costs with 65% facing wage increases and over 75% citing project delays due to labour shortages, squeezing the profitability of projects.
What lies ahead for UK real estate in 2024? - Property Reporter
WEBNov 29, 2023 · It's reassuring to note that as we enter 2024, there is a noticeably more stable outlook for inflation compared to what we were faced with at the beginning of 2023. Buy-to-let market. Whilst buy-to-let investors are benefitting from double-digit increases in rents across the UK, the costs to many private landlords from higher interest rates and ...
2021 set to be a year of deadlines for the property market, but …
WEBSep 27, 2024 · 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.
Sellers yet to come to terms with the reality of current market ...
WEB2 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.
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.”