Property Investors Weekly News: 19/07/2021

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Property Investors Weekly News: 19/07/2021

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:

North West England leads housing boom with prices up 15%

Property prices have increased sharply throughout the UK, with the North West of England reportedly seeing a 15% increase in year to May. According to official government statistics property prices in the North East of England, Scotland and Wales have also risen at a high rate.

https://www.bbc.co.uk/news/business-57834048

UK average rent breaks the £1000 per month barrier for the first time on record

The average UK rent is now at a record £1,007 per month, up 5.9% on the same time last year and 7% on 2019. Latest figures released by Homelet also show that every region in the UK is showing an annual price increase.

https://www.propertyreporter.co.uk/landlords/uk-average-rent-breaks-the-1000-per-month-barrier-for-the-first-time-on-record.html

Continued strong demand for homes pushes Barratt’s profits to the top end of expectations

Barratt Developments has had a year of excellent performance as it reported profits before tax of £107 million.

They have also completed 17.243 homes up to the end of June 2021, surpassing 2020’s Covid-hit total of 12,604.

https://www.propertyreporter.co.uk/construction/continued-strong-demand-for-homes-pushes-barratts-profits-to-the-top-end-of-expectations.html

Agents want to keep ‘certain precautions in place for now’

Happy ‘Freedom Day’

Today, life is returning to how it was before COVID hit the country however, agents want to keep certain precautions in place for now. Findings from the Property Industry Eye survey have shown that many agents want to continue to wear face coverings whilst at work.

https://propertyindustryeye.com/agents-plans-to-keep-certain-precautions-in-place-for-now/

Have a great week!

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