Average UK Rent Smashes £1,000 PCM Ceiling For First Time
According to the latest figures released by Homelet, the average rent in the UK has reached a record high of £1,007, up 5.9pc on the same period last year and …
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Keep up to date with the latest news and views on the UK property market.
Jenrick Passes Buck To Leaseholders In Cladding Crisis
Thousands of leaseholders in a minimum of 239 apartment blocks will be unable to sue developers as the buildings are too old. While ministers publish legislation allowing developers to pass …
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Crackdown On Housebuilders In Leasehold Overcharging Scandal
Housebuilder Persimmon and insurer Aviva are to refund leaseholders after a UK ground rent inquiry by the watchdog uncovered evidence of overcharging. Thousands of leaseholders will be refunded unfair ground …
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Rural House Prices Rise At Double The Rate Of Cities
As property prices in the countryside in England and Wales surge by 14.2pc a year, fears grow of an affordability crisis for young people. As people seek more space post-pandemic, …
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Flat Owners ‘Prisoners’ In Ongoing Cladding Nightmare
Reserve funds raided to pay for replacement cladding are predicted to cause a surge in dilapidated homes. While management firms’ emergency funds are drained to pay for the removal of …
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UK Property Boom Drives Surge In Asking Prices
House prices look set to continue their meteoric rise over the summer as demand soars offset by a limited supply of stock. The Nationwide House Price Index (NHPI) has reported …
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Shock Surprise Result Of Covid Mortgage Holidays
Lenders have punished desperate homeowners who took loan repayment holidays from their bank at the peak of the pandemic with higher mortgage rates and rejections for new loans. According to …
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Build-To-Rent Sector Enjoys Record-Breaking 1st Quarter
While a record number of new build-to-rent homes gained full planning permission in the first quarter of 2021, the sector has seen robust growth despite the restrictions imposed by Covid-19. …
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Failed House Purchases Cost FTBs £406m Last Year
Half of all first-time buyers who started the process of purchasing a property saw it fail, despite a rise in the numbers of this group who say they have been …
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Great Britain’s Most Popular Districts For Active House Buyers
While demand continues to outstrip supply, the UK property market has never looked so competitive as the latest data confirm the two most popular neighbourhoods among house buyers. The new …
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