Welcome to our weekly update giving you the key stories, breaking news and topical analysis from the past week up to today, 29 March 2018.
This week we looked at how landlords and investors can save money online, why mortgage approvals are on the up and how foreign investment in the UK property market has affected house prices. Here are the top seven articles you might have missed…
1. How landlords can save money by self-managing or using online agents
The buy-to-let market continues to shift across the UK and it seems that landlords are adapting along with the changes, with more planning to ditch high-street letting agents in favour of cheaper alternatives. To read the full story, click here.
2. Greater Manchester chosen to receive share of £300m funding for housing
Three areas of the UK have been selected by the government to receive a share of almost £300m in funding to go towards building homes and supporting infrastructure, including the provision of more affordable housing. To read the full story, click here.
3. London house prices see lowest average growth rates in seven years
More than two-fifths of London postcodes registered year-on-year house price falls last month with central areas suffering the worst falls, while some of the country’s regional cities have seen more than 7% growth. To read the full story, click here.
4. Good news for housing market as mortgage approvals begin to rise
After a four-year low in mortgage approvals, the numbers have now begun to bounce back, with rises in both first-time buyer mortgages and remortgages recorded last month. To read the full story, click here.
5. Smart Scandinavian design inspires new developments in the UK
Last week Mercer released its 20th annual global Quality of Living Survey rankings, which saw Copenhagen placed at number nine while London fell to 41st, with Vienna claiming the number one spot. To read the full story, click here.
6. Asking price vs selling price in UK property: the gap is finally shrinking
In December, research from Zoopla showed that the number of properties across the UK selling for less than their original asking price was growing – but new data indicates the situation may now be reversed. To read the full story, click here.
7. The true effects of foreign investment on the UK property market
Investment in UK real estate by overseas buyers and foreign-owned companies has soared in recent years to reach billions of pounds, particularly in London. Could it have pushed up the country’s house prices? To read the full story, click here.
