Research has found that over 23,000 homes have been sold under the Right to Buy scheme to council tenants.
Browsing: Cost of Living
Last week, the Bank of England made the decision to raise interest rates by 0.5%. This is the largest jump since 1995 and the sixth consecutive increase since December of last year.
Prices usually drop in August, and this 1.3% is in line with the August drop over the past ten years
Summer holidays are taking priority and some new sellers are pricing more competitively to secure a buyer quickly. This is also to beat the lengthy average time to completion and move home before Christmas
Research by Warwick Estates reveals that the total value of new-build leasehold transactions is 50% higher than new-build freehold transactions, as flats and urban living dominate England’s market.
In the first six months of 2021, there were 1,523 new-build transactions in England. Of these, 44.8% (683) were freehold homes while 55.2% (840) were leaseholds, demonstrating a fairly even split for England’s market.
The latest market analysis by estate and lettings agent, Barrows and Forrester, has revealed that, so far this year, Birmingham is the rental property repossession capital when it comes to landlords reclaiming their homes from problem tenants. When a landlord wants to remove tenants from their property, they often have to go to the county courts and file a repossession order.
New data1 from SpareRoom reveals average monthly room rents are at a record high in London, at £815 (up 15% year on year)
Co-living space will offer London renters a revolutionary and connected way of living