This week we've pulled together some of the hottest news stories around property investment for your reading pleasure! So strap in, turn off the tv and get ready for some updates:
The average house price in the UK hit a record high of £289,099 in May, after prices rose by 1% – the 11thconsecutive month of rises. However, because of the rising costs of living pressures and food and energy bills, the market is showing signs of cooling, according to the Halifax House Price Index.
The number of tenancy deposit disputes being and the sum of money that is being challenged have both saw an annual decline. It appears that the rental sector is heading in the right direction where tenant-landlord relationships are concerned.
The pace at which rents increase will soon outstrip house price growth as the property market boom ends and rising prices force people to rent for longer.
The UK economy shrinks for the second month in a row in April as surging prices hit household spending and business activity.
https://www.bbc.co.uk/news/business-61780450
Have a great day and we look forward to working with you.
