Property Investors Weekly News: 13/12/2021

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Property Investors Weekly News: 13/12/2021

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 your last property news update of 2021:

House price growth soars to 15-year high:

The average UK house price rose for the fifth month in a row to hit a new record high of £272,992 in November, according to the latest index from Halifax.

House prices grew at the fastest pace in 15 years over the past three months, with the average home valued at £20,000 more than this time last year.

https://www.propertyreporter.co.uk/property/ouse-price-growth-soars-to-15-year-high-halifax.html

Buy-to-let activity up 83% in 2021

Data released by UK Finance shows that 2021 is set to be a record year for mortgage lending. According to the figures they predict that gross lending overall will peak this year at £316bn, up 31% on 2020.

https://www.propertyreporter.co.uk/landlords/buy-to-let-activity-up-83-in-2021.html

 The number of homes estate agents have for sale slumps to all-time low

According to Rightmove’s report, estate agents now have an average of 14 homes per branch on their books. 12 months ago, they were averaging 28 homes per branch.

https://propertyindustryeye.com/the-number-of-homes-estate-agents-have-for-sale-slumps-to-all-time-low/

 

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