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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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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Number of Build-to-Rent Homes Under Construction Up 47%

The number of build-to-rent properties either completed, under construction or planned has risen significantly across the UK in the past year. Analysis by Savills, commissioned by the British Property Federation (BPF), reveals there were 117,893 build-to-rent homes recorded across all the stages of development in Q1 2018; a 30% increase on Q1 2017. Completions, as

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Extent of North-South Renting Affordability Gap Revealed

Households outside London spend an average of just over half their income on renting… Households renting in London are putting a significant percentage of their income towards rent compared to the rest of the country, according to new data from Landbay. Annual rental growth in the UK, excluding London, rose to 1.21% in March, bringing

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Manchester, Birmingham & Leicester Topping House Price Growth

Growth in property values in London is lagging behind that of regional cities Analysing housing trends across 20 UK cities, the newest research by Hometrack shows an average of 6.1% increase in house price inflation in October– the greatest growth seen since September 2016. According to the market experts, the value of homes in regional

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Property Transactions Continue to Decline in September

Residential property transactions saw a year-on-year, seasonally adjusted increase of 4.6% in September, according to the latest statistics by Her Majesty’s Revenue and Customs (HMRC), indicating a slowdown from the 6.6% annual rise reported the month before. As the lack of supply continued to weigh heavily on the market, transactions dropped by 1.8% from August’s

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Leasehold Property Watchdog to be Launched by Government

An independent property watchdog has been proposed by the Government to tackle unfair practices in leasehold property sales. Announced by Sajid Javid, communities minister, the suggested organisation will address rising service charges and ground rents in residential property purchases, following pressure from homeowners to confront the rising cost of owning a leasehold property. In a

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