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Rise In Length Of Tenancies 17 June 2022

* Findings from a landlord survey by Rightmove indicate a change in renter behaviour against a backdrop of record rents and rising household bills.

* Over the last year, 20% of landlords reported a rise in their average length of tenancy, with the most common average tenancy period being over two years (63%).... Read More

Platinum Property Prices 27 May 2022

* As the nation prepares to celebrate the Queen"s Platinum Jubilee, we"ve looked back at changes in the housing market during the reign of Queen Elizabeth II.

* In 1952, the average price of a home was just £1,891. Adjusting for inflation that would be £57,997 today.... Read More

Average Commutes Rise For Renters 20 May 2022

* Traditionally, those living in private rented homes have tended to live close to their place of work. This is often a lifestyle choice to minimise commute times/cost and to enjoy city living.

* Across England and Wales, the distance renters live from their place of work has risen by 31% since the pandemic, from 19 miles to 26 miles as hybrid and remote working have become options for many.... Read More

How does your garden grow? 19 May 2022

* UK households are spending more on gardens, plants and flowers than ever before. At £7.6 billion, expenditure in 2021 was up by over £1 billion on 2020, and up 39% on five years ago.

* Nearly 90% of UK homes have a garden; with plants and flowers adorning terraces and internal spaces also popular, it"s an easy way to make your home more appealing.... Read More

Going up: rents rise in all regions 12 May 2022

* The average rent in the UK at the end of April 2022 was £1,091 pcm (per calendar month), up 9.5% on the same time last year and up 1.2% from March.

* Positive annual and monthly change in rental prices have been recorded in every region. London has seen the highest increases: annual (14.... Read More

More choice for buyers and renters 21 April 2022

* More choice is returning to the housing market, with agents reporting a rise in new instructions in both the sales and lettings markets.

* The net balance of respondents reporting a rise in new sales instructions was positive for the first time in a year.... Read More

Easter Addresses 13 April 2022

* Nearly 1,700 property sales have taken place on Easter- related addresses over the past 12 months. At £731 million, their sales value is significantly more than the £415 million set to be spent on Easter Eggs.

* 88% of Easter-related sales included "Cross" in the address, just 1.... Read More

Older Renters Of The Future 08 April 2022

* More than one in four private rental households could be headed by a person over the age of 55 by 2035 according to a new report by the Social Market Foundation.

* A greater proportion of current renters in this age group consider an unfurnished property and the length of tenancy priorities than those aged 18–34 and 35–54.... Read More

Solar Savings 30 March 2022

* In his Spring Statement on 23 March 2022, the Chancellor announced the scrapping of VAT on materials and installation of energy efficiency equipment for homes.

* Energy efficiency is becoming more important to buyers as a result of escalating bills and concerns about fuel security.... Read More

1 in 5 deals snapped up in the first week on the market 24 March 2022

* Newly-marketed properties are being snapped up fast, with Rightmove reporting that 22% of deals are agreed within the first week of being listed.

* This is more than double what was seen at the same time in 2019 and reflects the continued large disparity between supply and demand in the market.... Read More

Spring Into Action 18 March 2022

* Over the past five years (excluding 2020), the number of buyer enquiries per property for sale has been highest during March, April and May (Rightmove).

* Currently around 75% of properties are successfully finding a buyer, compared to a historical average of around 50%.... Read More

Does your rental property hit the energy performance mark? 10 March 2022

* Government targets state that by the end of 2025 new lets will require an Energy Performance Certificate (EPC) rating of band C or above.

* Just over half (51%) of all rental properties let out over the last 12 months had an EPC of band C or above, virtually unchanged on the previous 12 months.... Read More