Rental demand hits six-year low as rising supply puts downward pressure on rents
Demand for rented homes has fallen by a fifth over the last year
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Earnings per sale place the UK capital significantly below European and US counterparts Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
Property asking prices rose fastest in less desirable locations, with areas in the North and Scotland recording the largest increases, according to new Rightmove data. Of the top 50 places where asking prices grew the most last year, only seven are priced above the current national average of £368,031. First place Hawick in Roxburghshire in…
Could this be your year? Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
Zoopla has moved to reassure its customers that it remains a “vital marketing partner” just a few days after reporting losses of £5.8 million. The portal’s Chief Operating Officer Rich Hayes penned a letter to estate agency clients saying it would continue to help agents grow their business. Zoopla reported earlier this week that its…
Bristol City Council has launched a consultation on extending Article 4 Directions that will restrict the creation of new HMOs in a city with a big student population and where there is already a chronic shortage of shared accommodation. The proposal is to remove permitted development rights for small houses in multiple occupation, meaning landlords…
Landlords in most areas saw their rental yields drop in Q2 at a time when many were considering their future investments. Introduction of the Renters’ Rights Act in May prompted many property investors to think about whether to sell up. Now, new figures from Fleet Mortgages reveal average rental yields rose across England and Wales…
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