Latest News
Rent Rates in London Increase, the Rest of UK Is Stable
Landlord insurance company, Homelet, recently revealed that rent rates in London are 78% higher than in other parts of the UK.The company comprises a monthly index of rent rates across Britain, which includes data on 2 separate markets - London and the rest of the UK.As for April 2012, Homelet data showed that rents in the UK remained unchanged at... Read more
Rent Rates in London Are Double the National Average
The latest research by BM Solutions suggests that buy to let landlords in London are enjoying almost double the average revenue compared to landlords in other UK cities.In the recent research, BM Solutions found out that UK rent rates across the UK stand at around 700 pounds a month, whereas in London they exceed 1200 pounds a month.The lowest... Read more
UK Rental Market Up by 25% in 2011
According to a recent article in the Financial Times, the number of tenant applications rose to 275,000 in 2011, which is 25% up from the previous year.In the opinion of property experts, such a dramatic rise is due to the difficulties potential buyers face when applying for a mortgage or saving for a deposit.Nick Dunning of Countrywide Senior... Read more
UK Landlords Remain Cautious Despite an Increase in Rent Rates
Even though rent rates have been growing for the past months, many British landlords remain cautious and choose not to expand their portfolios.A research performed by Mortgages for Business, a specialist buy to let mortgage broker, revealed that UK landlords, although happy to see rent rates rising, are not planning to expand their property... Read more
UK House Prices Decreased 0.5% in August 2011
The latest report published by Halifax suggests that house prices in UK fell by 0.5% and will continue to decrease this year.Yesterday, on October 6th, Halifax published a new house prices report, which suggests that property values in the country fell by 0.5% in August and reached 161,132 pounds.This data supports the recent report published by... Read more
Prices on UK City Property Rose by 65%
According to a market overview performed by Halifax, property in UK cities is more expensive than in the county they are in.The conclusions are based on the analysis of 59 British cities, the results of which were compiled in the Halifax Cities Review published annually since 1983.The house prices in British cities increased by 65% over the past... Read more
UK Buy to Let Sector to Celebrate Its Anniversary
The UK buy to let sector is to celebrate its 15th anniversary on September, 24. The Paragon Group recalls the launch of the sector by ARLA.The buy to let sector will celebrate its 15th anniversary in 2 days. On September, 24th 1996 the Association of Residential Letting Agents (ARLA) officially launched buy to let at the RAC Club. It was supported... Read more
UK Rent Rates Increase in June 2011
The latest report published by LSL Property Services on Monday, July 18th suggests that rent rates in UK exceeded 700 pounds in June 2011.Rent rates in England and Wales rose to 701 pounds, which is 0.7% and 4.1% more than in May 2011 and June 2010 respectively.London rental property is available for even more: rates have reached 1006 pounds in... Read more
UK Property Rent Rates Are Cheap in Ayrshire
Figures published lately by Endsleigh, UK-based letting agency, suggest that rent rates in Ayrshire are the cheapest in Great Britain. They are 200 pounds less than the average rental price nationwide, which currently stands at almost 700 pounds. London rate rates are almost 2 times higher and stand at 1370 pounds.As for Ayrshire, Endsleigh... Read more
London Property Beats All UK Records
According to the latest data released by the Land Registry on June 28th, London property market put all other UK regions in the shade.The figures suggest that house prices in England and Wales fell by 0.4% in May 2011 and now stand at 161 823 pounds.London property, in contrast, saw price increases of 0.2%. Now, an average house in the capital is... Read more