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 house prices return to growth; North West and North East continue to post strongest rental yields; and UK property market strengthens…
North West and North East continue to post strongest rental yields
“Rental yields have risen once more year-on-year across every region in England and Wales, albeit slower than the increase the sector experienced in the previous quarter’s results, according to a new report released by Fleet Mortgages.
But while rental returns have climbed by 0.3% since Q3 last year, certain locations have bucked the trend with a much stronger rise, and these regions are attracting property investors and landlords seeking the best yields in the current market”…
– Eleanor Harvey, BuyAssociation
UK house prices return to growth as sales market improves
“The UK housing market continues to pick up, the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey shows.
The September 2024 survey found that demand, sales, and new listings had all returned to growth, while sentiment related overall national house price growth for the first time since October 2022. The outlook looks broadly positive”…
– Marc da Silva, Property Industry Eye
UK property market strengthens, pressure on renters intensifies, RIC says
“Britain’s housing market recovered further last month, according to property surveyors who said house prices, sales and enquiries rose, but pressure in the rental sector intensified as tenant demand continued to outstrip the number of available homes to rent”…
– Reuters
UK house prices keep rising, despite budget fears
“Last month, the estate agents and surveyors questioned by RICS finally turned positive(on balance) about UK house prices, for the first time in two years”
The graphs suggest that we should expect to see house price growth continue in the near future…
– John Stepek, Bloomberg
Will the Renters Rights Bill work for landlords too?
“This week, the Renters Rights Bill will get its second reading in the House of Commons as it progresses closer to becoming law
Although the government has promised to widen the remit of Section 8 evictions, as well as to take action to improve the court process to avoid delays when landlords are trying to lawfully regain their properties, there are still concerns in the sector that need to be addressed”…
– Eleanor Harvey, BuyAssociation
