Property News In Leeds

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Who Are The Next Generation Of Landlord? 05 October 2024

* Residential property has long been the investment choice for many in the UK, but as original buy-to-let landlords near retirement, a new generation must step up to meet the future demand for rental homes.

* The average age of an "aspirational portfolio landlord" (landlords with between one and three properties who expressed a desire to growth their portfolios) is 37.... Read More

Price pressure – cities with lowest and highest rents 26 September 2024

* St Albans tops the list as the most expensive city in the UK to rent outside of London, paying an average £2,307 per month, 71% above the national average.

* As students prepare to start a new academic year, many university cities have seen five-year rental growth of over 40%.... Read More

Students dominate the September rental market 18 September 2024

* As a new academic year gets underway, young people across the country are busy leaving the family home and moving to new cities.

* HESA (Higher Eduation Statistics Agency) estimates 2.9 million students were in higher education in 2022/23, 22% more than 5 years before.... Read More

Strongest growth in house price 12 September 2024

* House prices edged up 0.3% in August, with annual growth rising to 4.3%, the fastest pace since late 2022. However, this is partly due to the comparison with weaker growth this time last year.

* Buyer confidence has been boosted since the Bank of England rate cut at the beginning of August and mortgage rates trending downwards.... Read More

Uptick in Mortgage Approvals 06 September 2024

* July data just released by the Bank of England saw a pick-up in mortgage approvals to just shy of 62,000, the highest monthly rate since the Truss mini budget in September 2022.

* This July mortgage data precedes the Bank of England"s first interest rate cut in August but shows the building sentiment towards the housing market as mortgage rates moved down ahead of the Bank of England meeting.... Read More

Second Homes 30 August 2024

* Households in England own 4.3 million second homes, according to the 2022/23 English Housing Survey, up from 3.3 million a year earlier. Second properties can be owned or rented.
The greatest increase has been in those rented out which form the majority of second homes (73%).... Read More

Class Act 08 August 2024

* The government announced plans to impose VAT on private school fees to fund improvements in public education.

* The current exemption from value-added tax (VAT) will be removed to fund 6,500 new teachers in England. VAT at the standard rate of 20% will be added to private school fees starting 1 January 2025.... Read More

Rate Of Home Building Must Accelerate 02 August 2024

* The government has made clear its commitment to getting new homes built to address the housing crisis and surveys show that growing numbers of people are on-side with the idea of new developments.

* But, it will be challenging. Only 114,000 new homes were built in the first half of 2024 in England and Wales, 11% fewer than the same period of 2022, according to DLUHC.... Read More

Post-election Honeymoon Period 25 July 2024

* As the Starmers settle into Downing Street, homeowners across the nation might now being reconsidering their plans for moving house.

* The lead up to a General Election typically creates uncertainty and a slowdown in the housing market. This year was no exception – although the impact was more muted as successive interest rate rises had already stifled demand.... Read More

Olympic Legacy 17 July 2024

* As we await the opening of the Paris Olympics, it"s a fitting time to look back on the legacy achieved since the London 2012 Olympic Games.

* The London games cost £8.8 billion to stage but had already delivered £14.2 billion in economic value by 2014, with sustainable long term outcomes for the community.... Read More

The Race To Rent 10 July 2024

* With peak rental season underway, homes to rent continue to be in high demand and are renting quickly. The median time on the market from listing to finding a renter is just 12 days meaning that over half of all homes are being rented in less than 2 weeks.... Read More

Anyone For Tennis? 03 July 2024

* As the 137th Wimbledon Championship gets underway, those inspired to recreate their favourite match moments at home will find a choice of 1,050 homes currently available to buy across the country which come complete with their own tennis court.

* With a median price tag of £1.... Read More