Property Investors Weekly News: 08/11/2021
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:
Halifax: Cheap borrowing and high demand push house prices to a new record high
The average UK house price hit a record high of £270,027 in October.
The average property value grew by 0.9% in October – showing an increase of more than £2,500 during the month, Halifax said. The annual house price inflation is now up to 8.1%, up from 7.4% in September.
House price growth likely to be curbed by supply boost next spring
Latest market analysis from Knight Frank shows that both rising interest rates and the increase in housing supply are to be responsible to end what seems like a never-ending streak of strong house price growth.
Glasgow landlord whose tenants had to put 20p in coin meter to use the shower refused licence
Residents had to put a coin in a slot to get a 20-minute shower at the 4-bed property in Glasgow. The landlord has been refused a licence.
A council inspection also found other issues to be addressed at the property.
