London Renters Need £74,520 Salary for Average UK Property
London renters now need a £74,520 salary for the average property as required income rises 6.4% while rents jump 4.2%.
Property News in the UK
London renters now need a £74,520 salary for the average property as required income rises 6.4% while rents jump 4.2%.
Propertymark warns that the proposed UK landlord database must not add new burdens to letting agency instructions.
Figures show a worrying rise in UK mortgage fraud across every reported category, threatening market stability.
Analysis reveals tenancy fraud poses a £4.1bn risk to the UK rental sector with suspected cases remaining above historic levels.
UK residential construction activity improves as the housebuilding sector records its slowest decline since October, signaling a potential market shift.
London asking rents rose 8.7% annually despite a concurrent drop in tenant enquiries, indicating a divergence between pricing and demand.
Over 100 landlords attended an online briefing on the Renters' Rights Act to discuss compliance and changes to possession rules.
UK property data shows short-term home moves have hit a record low, with only 5% of sellers owning their homes for under three years.
A UK property partnership is testing synchronised completion technology to reserve buyer funds until conditions are met.
The UK new-build price premium has risen to nearly a third, widening by 6.2 percentage points since 2016 compared to existing homes.