Tenant demand is softening slightly in the UK, according to the Association of Residential Letting Agents, but landlords are still keen on buying property to let.
Buying property in the UK has traditionally been cheaper than renting but that may be starting to change. New research shows that while rents are still rising, climbing house prices have closed the gap between them causing buy-to-let yields to dip. With a whole generation preparing to let for life, could renting eventually become cheaper than buying?
Prime Central London is still an “extremely desirable” place to live, according to agents.
Last week, Britain’s oldest economic-based think tank, The Economic Research Council, held its first annual property event at The Royal Geographic Society in London.
Mayor of London Boris Johnson has promised “the biggest home-building drive for a generation” in his plans for London’s future. Outlining his “2020 Plan” to the press, the mayor’s vision for the capital has called for greater financial autonomy as well as the right for local councils to borrow money to fund the construction of new homes.
Ever since Bristol separated from Gloucestershire in the 1300s, you could be forgiven for paying more attention to its Bristolian neighbour, but the county’s own charms are not ignored by everyone.
UK property sales are at the highest level since January 2010, according to the latest figures from the Royal Institution of Chartered Surveyors.
International interest in London property remains strong despite the recent stamp duty rise, estate agent WA Ellis has declared.
Help to Buy is off to a “flying start”, the Home Builders Federation has declared.
The number of first time buyers in the UK rose by 15 per cent in April 2013.
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