The 7am Cut
BuyAssociation curates a weekly news letter of the top property news headlines – to receive your weekly round up of property news, register today.
In the news this week: UK property market sees early autumn surge as prices rise by 0.8% and the rental market sees 7% (YoY) growth…
UK rental market strong for landlords with 7% growth
“New data shows that, after a record-breaking month of rental price growth in July, August offered more of the same for the rental market, albeit at a slightly reduced pace.
The latest report from Goodlord found that average rents for August were £1,438, which is very slightly lower than the £1,470 recorded in July – but rents are now 7% higher than they were 12 months ago in August 2023”…
– Eleanor Harvey, BuyAssociation
UK home asking prices rise sharply in September
“Asking prices for UK homes rose at twice their long-term average pace in September, as post-election stability and declining mortgage rates helped to fuel a rebound in buyer demand and draw more sellers to the market.
The average asking price rose to £370,759 in the four weeks to mid-September, up 1 per cent from the previous month, according to data released by the property portal Rightmove on Monday”…
– Valentina Romei, Financial Times
Rental market report: September
- “Rental inflation has slowed to 5.4%, the lowest level in almost 3 years
- High demand and a low supply of properties continues to keep rents high
- The number of homes available for rent is rising”…
– Richard Donnell, Zoopla
UK property market sees early autumn surge as prices rise by 0.8%, Rightmove
“Tim Bannister, Rightmove’s director of property science, explained: “The autumn action has started early with a strong rebound in activity from both buyers and sellers compared to last year. The certainty of a new government and the first Bank Rate cut in four years has invigorated the market, opening a window of opportunity for movers to act””…
– Ryan Fowler, The Intermediary
Altrincham: the Greater Manchester town dubbed ‘mini-Dulwich’ is about to get even better
“Altrincham certainly has a lot going for it. Regularly named one of the best places to livein the UK, you’ll often find it in the top echelons of coveted lists for those looking to put down roots or enjoy a day out”…
– Jenna Campbell, Manchester Evening News
