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Industry & Property News

House prices bounce back in October

House prices in England and Wales rose by 0.4% in October, leaving the average price of a property at £304,433. This was the finding of Your Move’s latest house price index, which shows that the majority of regions in England and Wales saw house price gains over the course of the year, the biggest being

Buy-to-let mortgage interest rates hit all-time low

Buy-to-let mortgage interest rates have hit an all-time low, making borrowing to invest in property to let out more attractive than ever. A raft of recent tax reforms to the sector has led to a decline in buy-to-let purchases in the UK, meaning the market is less competitive than it has been previously. As the

Rents set to rise by as much as 15% as demand among tenants increases

The cost of renting property is set to rise by as much as 15% by 2023. According to the Royal Institution of Chartered Surveyors (RICS), a shortage in supply of rental property is going to push the price of renting up forthcoming years. The RICS Residential Market Survey for July reports a decline in the

House buyers are returning to London despite Brexit uncertainty, shows Rightmove report

House buyers are returning to London, lured by attractive house prices, despite uncertainty driven by the impending official Brexit date in March 2019. This was the finding of a report by Rightmove, which revealed there has been a steady pick-up in buying activity in the UK capital. The upswing in buyer activity signals the beginning

Demand for property on the increase in London

Demand for property is on the rise in the British capital, which has seen a 2% rise in property demand since the beginning of 2018. This was the finding of the latest property index report in London. The report shows that whilst demand for property in London continues to rise, commuter towns to the capital

Report show the future looks bright for the rental sector as BTL become increasingly more professional

Rental prices are set to rise in the UK as demand for rental property outstrips supply. According to a report by mortgage lender, Kent Reliance titled ‘Buy To Let Britain’, the future looks bright for the buy-to-let (BTL) sector in the UK, despite a recent onslaught of government intervention in the market, which has seen

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