Category: Accommodation

UK ‘needs more property’ to address growing demand

UK ‘needs more property’ to address growing demand

UK property developers must be allowed and encouraged to increase supply, the RLA has said. Summary: With strong demand far outstripping supply, UK property developers need to be encouraged to build more stock Local authorities have been called upon to release small plots of land that could be used for developments The RLA believe that… Read more »

UK property prices to keep on rising

UK property prices to keep in rising

A lack of supply and house prices growing month-on-month have generated the highest positive market sentiment seen since 2014. Summary: Households across every region in the UK believe the value of their property increased in March The Latest House Price Sentiment Index reveals the most positive result since August 2014 The delivery of new homes… Read more »

PRS popularity to push deposits by 40%

PRS popularity to push deposits by 40%

The popularity of the private rented sector and a high standard of rental accommodation available will push the average deposit up by 40% in the next ten years. Summary: By 2026 it is estimated that the average rental deposit will have increased by 40% Monthly rent is also expected to grow by an average of… Read more »

Tenants increasingly see the PRS as “home”

Tenants increasingly see the PRS as “home” The average length of time a tenant stays in the private rented sector has increased to 14 years, highlighting how a generation view the PRS as a long-term living arrangement. Summary: Tenants are spending an average of 14 years in the private rented sector Some 90% of tenants view their rental accommodation as “home” An... Read more »

UK MPs back build-to-rent

UK MPs back build-to-rent Build-to-rent has the widespread and cross-party support of British Members of Parliament, highlighting the importance of the emerging sector for the UK rental market. Summary: Some 81% of MPs have backed build-to-rent, emphasizing the need for purpose-built property to provide modern tenants with necessary facilities A further 62% believe build-to-rent’s contribution to the UK housing supply will increase... Read more »

Average tenancy in the PRS grows to 4 years

Average tenancy in the PRS grows to 4 years As an increasing number of tenants in the UK view renting as a long-term lifestyle choice, the average length of tenancy has now reached four years. Summary: A recent English Housing survey has shown the average private tenancy length is now four years Almost half of 25 to 34-year-olds live in the private rented sector,... Read more »

Property as an alternative pension fund on the rise

Property as an alternative pension fund on the rise

With a fifth of over-55s considering letting out a property, the UK rental market is increasingly seen as a more profitable asset compared to traditional pension funds. Summary: Over-55s see investing in the UK property market as more profitable than a traditional pension fund A third of investors who were over 55 have already invested… Read more »

UK property price growth to continue for years

UK property price growth to continue for years With conditions looking to remain favourable within the UK property market, demand is expected to continue for years, with price growth estimated to reach 5% in 2016. Summary: Mortgage rates are expected to remain low for longer than expected, creating further demand for UK real estate and driving continued price growth Rating agency Standard &... Read more »