Homes in Glasgow sell fastest in the UK

The average asking price of a newly listed home coming to the market for sale has fallen by 2.0% (-£7,360) this month to £364,999, according to the latest house price index from Rightmove. The firm says that prices usually fall in August, but this is a much larger August price drop than the ten-year average…

Ground rents paid by more than four million leaseholders will be capped a year earlier than planned after ministers came under pressure to speed up the reforms. The Government had previously indicated that the £250 annual cap on residential ground rents in England and Wales would be introduced by late 2028. The Times reports it…

Landlords are already having issues regaining possession of their properties from problem tenants just months since the introduction of the Renters’ Rights Act. The rental reforms, introduced in May, abolished no-fault evictions and landlords must now issue a section 8 notice with a valid reason to take possession. Research by lettings platform Goodlord, based on…

The places were rental yields are reaching almost 7% have been revealed. New research by The Letting Partnership has revealed that rental yields are It calculated that the average rental yield for the country as a whole currently stands at 5.9%. It is based on an average house price of £293,262 and an average monthly…

Policymakers at the Bank of England have made their decision ahead of the chancellor’s Budget statement later this month Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

Many independent estate agencies see platforms like OpenRent as a threat to their business. Research from CRM provider Alto found that of agencies with less than five branches, a third say ‘DIY’ platforms are “a major threat”. There is much less concern among larger firms, with more than half dismissing the services such as OpenRent…