North-South house price divide to narrow over the next five years

House prices in London have risen by 72% over the last 10 years, leaving little wriggle room to rise further, Savills says. The North-South house price divide could narrow over the next five years, a report predicts – with property values rising at a faster rate in northern England, Wales and Scotland than those across

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House prices in England and Wales fall for fifth month in a row, new data shows

House prices in England and Wales fell for the fifth month in succession, but some cities bucked the trend with Leicester recording the fastest growth, according to new data. Overall, average house prices slipped 0.2 per cent in July to £302,251, figures compiled by Your Move show. Despite the fall, the average price is still

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Interest rate rise UK: Bank of England raises rate to 0.75 per cent in August 2018 – what does it mean for your mortgage?

Around a third of London, borrowers could see the cost of their mortgages rise by hundreds of pounds following August’s interest rate rise. The Bank of England has voted unanimously to raise UK interest rates to their highest level in almost ten years. The decision to raise the base rate to 0.75 per cent from

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How a a £15,000 loan led to a 1,500 residential property portfolio

Empire Property Concepts founder Paul Rothwell tells the Telegraph Business Club about his company’s focus on converting disused commercial property into residential accommodation Paul Rothwell’s career in property development began while he was a student. He used a £15,000 loan from his dad to buy a house and convert it into flats for himself and

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Build-To-Rent Development Pipeline Exceeds 100,000

New research by Hamptons International proposes that the private rented sector will continue to grow despite recent policy changes. Demand for rented property will be a key driver of the sector’s performance, due to long-term demographic changes and a consistent decline in homeownership levels as house price increases outpace income growth. As a result, the

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One Third of Millennials Will Continue to Rent in Their Retirement

The number of families with children living in rented property tripled between 2003-2016… The Resolution Foundation has proposed a series of reforms aimed at protecting tenants and landlords in the private rented sector. According to the think-tank’s research, half of all millennials – people born between 1980 and 1996 – will be living in rented

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