Here’s our round-up of the best stories we’ve posted in the last week.
Tenant fees will banned by law from 1 June, it’s costing more than ever to move home, first-time buyer mortgages are up, and are there signs of life in the London market? Read on…
1.West Midlands leads way as London house prices fall in new data
The West Midlands was the best-performing region in the latest house price figures from the Office for National Statistics and outperformed the UK overall, while London slipped back.
2.Rental market hints at recovery in London
Improving rental yields in parts of London could kickstart an upturn in the local market this year, a new report suggests.
3.Ban on tenant fees will become law on 1 June
The Tenant Fees Bill will become law on 1 June 2019 following its third reading in the House of Lords, with a controversial reduction of deposits to five weeks for rents under £50,000 pa included.
4.Value of UK housing stock rises to £7.29 trillion
The value of the UK’s housing stock increased to a new record of £7.29 trillion in 2018, with the country’s regions making gains while London’s market recorded a fall for the first time in a decade.
5.First-time buyer mortgage numbers on the rise
First-time buyers helped to give the housing market a sense of momentum towards the end of 2018, new figures from UK Finance have revealed.
6.2018 saw record take-up of Manchester office space
The Manchester office market enjoyed its best year on record, with a spate of big deals in the final quarter of 2018 taking the city’s numbers to new heights.
7.House move costs top £10k for the first time
The average cost of moving house has gone over £10,000 for the first time, according to new research, with first-time buyers taking longer to save up before joining the property ladder.
