The latest Residential Lettings Survey from the Royal Institution of Chartered Surveyors (RICS) shows yields on rental properties rising in the three months to the end of October. Strong tenant demand has now delivered better yields for landlords over seven consecutive quarters and rents continue to rise, although the pace of growth is slower than [...]
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Savills predicts 20% rise in private rents
Savills is predicting that rents will rise significantly more than house prices over the next five years, on the back of rising demand from those locked out of, or lacking confidence in, the UK housing market. According to the real estate adviser, private renting will account for one in five households by 2016, although supply [...]
Savills predicts 20% rise in private rents
Savills is predicting that rents will rise significantly more than house prices over the next five years, on the back of rising demand from those locked out of, or lacking confidence in, the UK housing market. According to the real estate adviser, private renting will account for one in five households by 2016, although supply [...]
Rents continue upward trend
A worrying level of undersupply continues in the UK private rental sector, with new tenant demand having pushed up rents yet again. According to the latest Residential Lettings Survey from the Royal Institution of Chartered Surveyors (RICS), a balance of 34% more surveyors reported a rise in rents rather than a fall during the three [...]
Persimmon reports rise in sales reservations
Persimmon, which is the UK’s largest housebuilder by market value, has today reported a 12% rise in sales reservations in the first three months compared with a year ago. Furthermore, the housebuilder said its order book had risen to £1.14 billion – up from the £565 million at the start of the year. The figures [...]
BoE: Mortgage approvals up in March
The Bank of England has today revealed mortgage approvals rose in March. According to the Bank, there were 44,000 loans approved in the month, up from February’s 43,000. However, the figure remains well below the 51,000 approved in the same month a year ago. The figures come a day after the Council of Mortgage Lenders [...]
BoE governor committed to low interest rates
As homeowners on lenders’ standard variable rates increasingly seek out fixed-rate deals to offset the threat of a rise in the base rate, the Governor of the Bank of England has reaffirmed his commitment to keeping interest rates low.
Speaking in Newcastle last night, Mervyn King admitted that inflation could rise to 5% during 2011 (currently [...]
