Property Investors Weekly News: 09/07/2021
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:
Strongest seller’s market for a decade, says Rightmove
68 per cent of homes for sale, successfully found a buyer between June 2020 and June 2021, according to Rightmove.
It is up from 41 per cent in 2012, and the highest percentage in any year during the past 10 years, the property website says.
Average rents hit £1000 for second month in a row
According to the latest rental index figures from Homelet show that average monthly rent across the UK stands at £1029. Every single region in the UK is showing both annual and monthly price increases.
Ending of the Stamp Duty holiday indicates return to ‘normal’ housing market activity
According to research from independent property analysts, LonRes, they have found that the prime central London property market shows transactions falling as the stamp Duty came to an end.
Have a great day and we look forward to working with you.