Property Investors Weekly News: 21/02/2022

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Property Investors Weekly News: 21/02/2022

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:

Average house prices up 10.8% in December: UK HPI

Average house prices in the UK rose to 10.8% in December 2021 – this was very slight increase from 10.7% recorded in November 2021.

The average UK house price was £275,000 in December 2021, which Is £27,000 higher than this time last year.

https://www.propertyreporter.co.uk/property/average-house-prices-up-108-in-december-uk-hpi.html

Holiday let sector on course for another record-breaking year

According to holiday home rental agency Sykes Holiday Cottages bookings for staycations continue to surpass pre-pandemic levels.

Sykes have revealed that bookings so far this year are up 22% compared to the same time last year.

They say the highest volume of bookings are for breaks to Whitby, Ambleside and Bowness-on-Windermere.

https://www.propertyreporter.co.uk/landlords/holiday-let-sector-on-course-for-another-record-breaking-year.html

Levelling up could boost housing market by £58.7bn in value

The government’s plan to ‘level up’ areas in the UK could boost the value of the nation’s property market by £58.7billion according to developer StripeHomes.

96 areas across the UK have been earmarked for ambitious regeneration projects set out by the government.

https://www.showhouse.co.uk/news/levelling-up-could-boost-housing-market-by-58-7bn-in-value/

 

Have a great day and we look forward to working with you.

 

 

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