Slowdown in annual UK house price growth

House prices in Britain have fallen for the first time in 15 months. The average price of a property dropped to £268,282 in October, down 0.9 per cent compared to October, according to the Nationwide’s House Price Index. Robert Gardner, Nationwide’s chief economist, said: “October saw a sharp slowdown in annual house price growth, to […]

UK build-to-rent homes to increase five-fold in the next decade

Build to Rent (BTR) homes could increase five-fold, with the sector worth £170 billion, according to recent research. A study by the British Property Federation (BPF) and Savills projects the number of BTR homes completed could reach 380,000 by 2032. The projection, undertaken in partnership with Get Living, one of the UK pioneers of BTR, […]

Local high streets are still important when choosing where to live

The quality of local high streets is still an important factor in many people’s decisions about where to live, despite the pandemic having impacted many, according to new research. Market Financial Solutions (MFS) commissioned an independent, nationally representative survey of 2,000 UK adults and found that having a vibrant local high street was important to […]

New home completions bounce back to pre-pandemic levels

New home completions have returned to pre-pandemic levels, according to the NHBC, an independent provider of warranty and insurance for new homes. The organisation says its research highlights that overall a total of 40,289 were completed in the second quarter of 2022, an increase of 16 per cent compared to the same time last year. […]

More older people are now renting

The number of middle-age and later life tenants living in privately rented homes has accelerated faster than those under the age of 35 over the past decade. Analysis carried out by Paragon Bank analysis suggests between 2011 and 2021, there was a 110 per cent increase in the number of households privately renting in England […]

Cost of living: first-time buyers will need to earn even more to buy a home

The average first-time buyer will need an additional £12,250 of income – compared to a year ago- to buy a home, according to the latest House Price Index from Zoopla. The research carried out by the property portal also revealed those hoping to live in London will need an additional £35,000 due to predicted higher […]

How to keep your home insurance costs down – top tips

When times are hard, we all need to tighten our belts and make cuts – and it might be tempting to reduce home insurance. Hannah Davidson, senior underwriting manager at Aviva, stresses the importance of ensuring you are adequately covered for buildings and contents, but says there are ways to make careful savings. Consider a […]

Record number of local authorities have build-to-rent in housing pipelines

Analysis published by the British Property Federation (BPF) shows the build-to-rent (BTR) sector continues to grow at pace. The total number of homes completed, under construction or in planning is up 13 per cent year-on-year to 237,000, and a record number of local authorities have BTR in their housing pipelines. The analysis, conducted at the […]

Total value of the UK homes surges

The combined value of UK homes has surged to over £10 trillion this year as strong demand and a lack of supply continues to drive house prices higher according to Zoopla. With the average UK household income now £34,100, some properties are making more than their owners’ salaries as the total value of homes has […]