Tag: Economy

Scottish house prices rise by £5,368 in a year

Author: Property118.com Landlord News Team

11th September 2024, 2 years ago | 0

The Scottish housing market is showing resilience with average house prices rising by £5,368 over the past year, research reveals....

UK house prices edge higher despite monthly dip

Author: Property118.com Landlord News Team

30th August 2024, 2 years ago | 0

The UK’s house prices saw a modest year-on-year increase in August despite a slight monthly decline from July’s figures, Nationwide...

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UK house price growth picks up steam

Author: Property118.com Landlord News Team

1st August 2024, 2 years ago | 0

The average UK house price climbed 0.3% month-on-month in July, marking the fastest pace of growth since December 2022, new...

UK house prices set for 2% rise as market rebounds

Author: Property118.com Landlord News Team

30th July 2024, 2 years ago | 0

After a chilly 2023, the UK’s housing market is showing clear signs of warming up in 2024, with increased buyer...

UK rent growth slows but tenant affordability is a ‘challenge’

Author: Property118.com Landlord News Team

22nd March 2024, 2 years ago | 1

The average UK rent has risen by 7.8% to £1,223 in the past year, but the pace of growth is...

Landlords help to boost local economies

Author: Property118.com Landlord News Team

12th March 2024, 2 years ago | 0

The significant financial contribution being made by landlords to regional economies when supporting local trades has been revealed. Research from...

Rent arrears soar amid economic woes

Author: Property118.com Landlord News Team

7th March 2024, 2 years ago | 0

Tenants are facing mounting difficulties in paying their rent as the economic situation worsens, research reveals. The data from Reposit,...

Building 90,000 social homes could add £51.2bn to the economy – report

Author: Property118.com Landlord News Team

29th February 2024, 2 years ago | 3

New research suggests that building 90,000 social homes every year could significantly benefit the UK economy – by up to...

UK house prices hit 12-month high in January

Author: Property118.com Landlord News Team

7th February 2024, 2 years ago | 2

UK house prices rose by 2.5% year-on-year in January, the highest annual growth rate since January 2023, according to Halifax....

Mortgage rates fall and buyer confidence rises

Author: Property118.com Landlord News Team

6th February 2024, 2 years ago | 1

The UK housing market is showing signs of recovery in 2024, as mortgage rates fall, buyer confidence rises, and sales...

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UK house prices plunge at the fastest pace in 13 years

Author: Property118.com Landlord News Team

18th January 2024, 2 years ago | 0

The UK property market saw the average house price drop by 2.1% in the year to November, data from the...

More homeowners turn to lodgers amid cost-of-living crisis

Author: Property118.com Landlord News Team

17th January 2024, 2 years ago | 0

There has been a massive jump in the number of homeowners who are renting out their spare rooms to lodgers...

TSB targets renters with first-time buyer mortgages

Author: Property118.com Landlord News Team

29th December 2023, 2 years ago | 0

With many renters in the UK struggling to become homeowners, the TSB has unveiled first-time buyer mortgages to help. The...

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...

Brits paid out £85.6bn in rent during 2023

Author: Property118.com Landlord News Team

11th December 2023, 2 years ago | 3

Renters in Great Britain will pay a staggering £85.6bn in rent this year – that’s more than double the amount...

UK property prices rise again in November

Author: Property118.com Landlord News Team

7th December 2023, 2 years ago | 4

House prices in the UK increased by 0.5% in November, the second consecutive monthly rise, the Halifax house price index...

More families and older renters downsize as rents soar

Author: Property118.com Landlord News Team

30th November 2023, 2 years ago | 5

The rising cost and scarcity of rental homes have forced thousands of families to downsize and older renters to move...

UK house prices drop by 1.7% – Rightmove

Author: Property118.com Landlord News Team

13th November 2023, 2 years ago | 2

The average asking price of newly marketed properties in the UK has fallen by 1.7% (-£6,088) this month, according to...

Landlords slash borrowing amid rising interest rates

Author: Property118.com Landlord News Team

13th November 2023, 2 years ago | 0

Buy to let landlords have cut down their mortgage debt by almost 20% in a year of economic turmoil, according...