Property Investors Weekly News: 04/04/2022
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:
Supply of homes for sale on the up as demand remains strong
Buyer demand remains unseasonably high with more properties coming to the market as homeowners look to lock in recent house price gains. According to latest data from Zoopla, house prices in the UK rose by 8.1% in the year to the end of February which made the average house price £245,000.
Failing landlords to be named and shamed as government steps up support for social housing tenants
The Government is set to name and shame landlords that are providing substandard social accommodation. There are also plans to establish a residential panel that will allow social tenants to be heard directly by the Government.
Costs of rents spikes across England as March sees market pick up pace
According to the latest analysis from Goodlord, rental prices saw a considerable increase during March – taking cost of rent averages to their highest levels since August 2021.
The figures show that rents increased by 4% from £968 to £1,006, between February and March across the country.
Have a great day and we look forward to working with you.