blog post

Property Investors Weekly News: 09/01/2023

Profile picture of Emma Wren
Emma Wren
January 9, 2023

UK house prices drop for fourth month in a row

 

There was a decline of 1.5% between November and December a rising interest rates and cost of living crisis hit UK household finances. This decline marks a slowdown of 2.4% recorded between October and November.

https://www.bbc.co.uk/news/business-64183817

Two thirds of landlord’s plan to put up rents this year

 

Research from Aldermore show that nearly two out of three landlords will be increasing their rents in 2023 if the current market conditions continue.

 https://www.thisismoney.co.uk/money/buytolet/article-11588143/Two-thirds-landlords-plan-rents-year.html

 

Canada bans most foreigners from buying homes

 

A new Canadian law took effect on 1st January 2023,that essentially bans foreigners from buying residential properties as investments for two years.

This ban aims to help ease what has become one of most unaffordable housing markets in the world.

https://www.voanews.com/a/canada-bans-most-foreigners-from-buying-homes/6899982.html

 

Boxing Day sellers break records: Rightmove

 

The number of people putting up their homes for sale on Boxing Day soared by 46% compared to the year before, Rightmove have revealed.

 https://www.propertyreporter.co.uk/property/boxing-day-sellers-break-records-rightmove.html

Profile picture of Emma Wren
Article by
Emma Wren