The amount of money invested in UK commercial property has fallen across all sectors, new research has found.
Rental growth across Great Britain in March hit 10.8%, posting its third ever double-digit increase since the Hamptons Lettings Index began just over a decade ago.
The majority (73%) of landlord sales in 2022 were made by those reaching retirement, with many being early adopters of the first buy-to-let mortgages which launched in 1996, Hamptons research shows.
The property market is being saved from a house price crash by an unlikely source – renters buying their first home.
House prices, sales levels, new listing numbers and buyer demand remained sluggish last month, but there are signs the picture looks set to improve in the long run, a closely-watched survey of chartered surveyors has revealed.
Bank of England interest rate hikes could put more businesses in danger in its bid to tame the UK's double-digit inflation, an expert has warned. Economists have said the Bank's base rate could go as high as five percent as decision-makers try to keep a lid on runaway price hikes.
Housing demand outpacing supply means house prices go up. House prices outpacing wages means affordability goes down. Affordability going down means homelessness pressures intensify. All the while, ever more homes are left vacant, their doors closed to those sleeping rough on many of the same streets. Express.co.uk breaks down the numbers along this chain of crisis and asks the experts what can be done to fix it.
England faces fresh housing crisis as 55 councils SCRAP planning targets in a victory for NIMBYs: 77,000 fewer new homes could be built each year leaving first-time buyers in limbo.
- Residential Sales Market Remains Downbeat
- UK to See Return of Ultra-low Interest Rates
- What Happens if Your Property Burns Down?
- Landlord Concerns Grow Over Capital Gains Tax Changes
- Landlords Selling up Will Keep Rent Inflation High
- House Prices Suffer 3.1% Drop in March
- What Options do Landlords Have When Tenants Won’t Leave?
- New Government Drive on Private Rental Energy Efficiency