Property Investors Weekly News: 18/10/2021
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
ONS: Private rental affordability, England: 2012 to 2020
The ONS has published some interesting data on rental affordability. It has found that private renters earning an average income could expect to spend 23% of their income on rent. In London however, renters are looking at spending more than 30% of their salary on rent.
Rising numbers of estate agents fuel competition across the industry
Research from estate agent, Nested has found that despite a housing market boom, there has been a rise in the number of estate agents meaning that there is now tougher competition amongst those looking to list and sell homes across the nation when compared to last year.
Nested analysed the number of estate agents across 21 major cities in Britain and found that the number of estate agents operating within the sector had increased by 7.1% since this time last year.
Zoopla: Sitting on a gold mine: value of British homes soars by 20% in 5 years
The total value of homes in Britain has risen by 20% in the past five years with nearly 12 million homes increasing in value by £49,000.