Property News In Leeds

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Sustainable Renters 22 October 2021

* According to The Property Academy Renter Survey 2021, almost half (49%) of renters would choose their rental property quicker if it had green credentials or a well-being certification.

* Not only would renters choose their property quicker, but around 61% of renters said they would rent for longer if the property had green credentials or a well-being certification.... Read More

Increase In UK Rents 09 October 2021

* July to September is the busiest quarter of the year for the rental market. In a normal year, 32% of tenancies start in quarter 3. This is likely to be higher in 2021, as students and workers return to cities.

* It is therefore no surprise that the UK average monthly rent has seen an annual increase of 7.... Read More

Rapid Rentals 06 October 2021

* Rental properties are finding a tenant quicker than ever before, with it on average taking 21 days to find a new renter.

* The RICS residential survey reports accelerating tenant demand, as a net balance of +66% of survey participants reported a pick-up in August, increasing from an already strong reading of +58%.... Read More

Later life mortgages on the rise 25 September 2021

* Mortgage lending in later life is on the rise. The age of first-time buyers, an increase in the length of mortgage terms and an ageing population all causes.

* UK Finance report over half of new homeowner loans issued in the first six months of 2021 has an end date in excess of the borrowers 65th birthday.... Read More

Buyer demand swells 24 September 2021

* The property market continues to ride the wave as we head into autumn. Buyer demand per property is more than double pre-pandemic levels (Rightmove).

* Rightmove report a 14% increase in new listings at the start of September*, but the number of available properties for sale remains low and competition for properties remains strong.... Read More

Energy boost 15 September 2021

* Homes sold with an EPC rating A or B over the past years achieved a 10% price premium over properties with an EPC energy efficient rating of D.

* One in every 12 properties sold achieved an energy efficiency rating of A or B on its EPC, 47% of properties selling with a D rating.... Read More

Pets Please 10 September 2021

* While tenant demand has risen 13% over the past year, demand for pet-friendly rental properties has more than doubled, enquiries to letting agents for pet-friendly rentals up 120% (Rightmove).

* Over half of UK adults are now thought to own a pet, the majority dog (26%) or cat (24%) owners (PDSA).... Read More

Outstanding Schools 03 September 2021

* Term starts this week for many of the nearly 8.8 million school children across England and Wales. School catchments play an important role for many when choosing a home.

* Across England and Wales nearly 4.3 million homes (17%) have an OFSTED rated Outstanding as their nearest.... Read More

First-time buyer surge 28 August 2021

* A record 45,965 Help-to-Buy equity loans were issued to first-time buyers in the year to the end of March 2021, as appetite from first-time buyers (FTBs) continues.

* Over one third of property purchased by FTBs has been priced £200,000 or less, with over half of those benefitting having a household income of less than £50,000.... Read More

Record Breaking House Price Growth 20 August 2021

* The UK experienced a 13.2% annual increase in house prices in June 2021. This is the largest annual increase recorded since 2004.

* The average price of a UK house now stands at a record high of £265,668, which is £30,965 higher than the same time last year.... Read More

Rents on the rise 11 August 2021

* The average monthly rent in the UK in now at a record high of £1,029. In the twelve months to July 2021, UK monthly rent increased by 6.6%, rising from £965 to £1,029.

* In July, all regions in the UK experienced an annual increase in monthly rent, with the South West experiencing the biggest increase, 12.... Read More

Going For Gold 04 August 2021

* Team GB are bringing home the medals at Tokyo 2020, but property not gold has proved the best investment proposition in recent years.

* The average price of residential property has increased by 46% over the last 10 years, over double that of gold.... Read More