Property Market News

Buy-to-let turmoil as interest-only mortgage payments skyrocket

Author: Property118.com Landlord News Team

27th December 2023, 2 years ago | 2

Landlords using interest-only mortgages have experienced a soaring 283% increase in their monthly interest costs since 2021. The research by...

Londoners leave capital as affordability challenges impact home purchases

Author: Property118.com Landlord News Team

27th December 2023, 2 years ago | 1

The number of homes bought by Londoners outside the capital fell to their lowest levels in nine years. According to...

Boost your rental income in 2024

Author: Simon Zutshi

27th December 2023, 2 years ago | 0

With rising interest rates in 2023, many landlords are not making as much as they would like from their rental...

Property market ends on a high note with surge in sales – Zoopla

Author: Property118.com Landlord News Team

22nd December 2023, 2 years ago | 0

In a mixed year the property market ends on a high note, Zoopla reports. According to its latest House Price...

ONS data reveals record-breaking surge in rent prices

Author: Property118.com Landlord News Team

22nd December 2023, 2 years ago | 2

Rent prices are soaring faster than ever, according to new data. The Office of National Statistics (ONS) has released data...

How Property Investors Can Avoid Negative Equity in 2024!

Author: Ranjan Bhattacharya

21st December 2023, 2 years ago | 0

Whether you’re a seasoned investor or just starting out, these tips are crucial for building a robust and profitable property...

Mortgage worries mount for landlords as renters could face higher rents

Author: Property118.com Landlord News Team

20th December 2023, 2 years ago | 0

Rising mortgage payments will lead to higher rents, the NRLA and Bank of England warn. According to the NRLA, almost...

Scottish budget faces backlash for failing to address housing emergency

Author: Property118.com Landlord News Team

19th December 2023, 2 years ago | 8

The Scottish government has unveiled its budget for the upcoming year with promises to invest in affordable social housing. However,...

Is Modular Development Dead In 2024?

Author: Ranjan Bhattacharya

19th December 2023, 2 years ago | 0

Modular housing, once touted as a time and money saver for property developers, is now not looking like such a...

Busiest rental market in 2023 revealed

Author: Property118.com Landlord News Team

19th December 2023, 2 years ago | 0

Wrexham in Wales has been named this year’s busiest rental market by Rightmove. The city experienced a surge in rental...

Scottish government to unveil budget amidst housing crisis

Author: Property118.com Landlord News Team

19th December 2023, 2 years ago | 3

The Scottish government will unveil its draft budget today, with industry bodies calling for legislation to tackle the housing emergency...

Nationwide predicts lower house prices in 2024

Author: Property118.com Landlord News Team

18th December 2023, 2 years ago | 0

The UK’s house prices are expected to either drop slightly or stay mostly unchanged next year, according to Nationwide. The...

Halifax predicts UK house prices will fall 2-4% in 2024

Author: Property118.com Landlord News Team

15th December 2023, 2 years ago | 0

Halifax, the UK’s leading mortgage lender, is forecasting a steeper drop in house prices for 2024 than was seen this...

‘Christmas cheer’ as BOE interest rates remain unchanged

Author: Property118.com Landlord News Team

14th December 2023, 2 years ago | 0

The Bank of England has held firm as interest rates remain unchanged at 5.25%. The decision, which was widely expected...

UK house prices take a dramatic drop

Author: Property118.com Landlord News Team

14th December 2023, 2 years ago | 0

House prices in November took a downward shift with a decrease of 4.6%. According to Acadata House Price Index, completed...

PRS set to bounce back in 2024 despite seasonal dip

Author: Property118.com Landlord News Team

13th December 2023, 2 years ago | 1

The UK’s private rental sector (PRS) is showing signs of slowing down as the festive season approaches, but one expert...

Property market remains strong despite economic backdrop

Author: Property118.com Landlord News Team

13th December 2023, 2 years ago | 0

Despite economic uncertainty, the property market remains resilient, according to industry professionals. The Guild of Property Professionals says despite the...

Winners of the Property Investors Awards revealed

Author: Property118.com Landlord News Team

12th December 2023, 2 years ago | 0

In a dazzling evening of recognition and celebration, the Property Investors Awards announced the winners for 2023. In its biggest...