Tag Archives: Office for National Statistics

UK Rentals: London vs. the UK

The latest edition of UK Market Watch, a ‘rentals special’, looks at the UK rental market as a whole and the experiences of tenants currently moving to London. Unsurprisingly, affordability is the number one challenge that they face. In its Rental Index Report, HomeLet suggests that renting a property in the UK capital costs almost £3,000 more per year than it did three years ago. That’s great news for the landlords; not so great if you’re the one paying.
Since 2011, all regions across the UK have reported rental rate increases, with the Office for National Statistics (26/09) indicating that rental [...] Read More

UK Market Watch – Sales Stall, Rentals Rise and the Economy Eclipses Both

The UK property price trends that we’ve seen in the last 12 months appear to be continuing with marginal price changes reported by major UK financial institutions, Halifax and Nationwide Building Society for the end of summer. According to the surveys, the average UK house price is now £161,743 to £165,914, representing a month on month decline of between 0.6% and 1.2%.
We discuss the state of the market in the September edition of the UK Property Market Watch. Other communications on the subject are available on the UK Property Market site.
Reports indicate that unrealistic asking prices are stalling many prospective [...] Read More