Property Investors Weekly News: 25/04/2022
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:
Will house prices keep rising in 2022? Estate agent Knight Frank predicts the cost-of-living crisis and higher mortgage rates will end the property boom
Following years of house price rises estate agent, Knight Frank have predicted that the current property boom could be coming to an end. They anticipate that house prices will only rise by 1% in 2023.
Some experts have commented saying that Knight Frank have overestimated the economic effects.
Rents surge 11% in most competitive market ever: Rightmove
The average rental asking price in the UK has jumped to a new record because of demand continuing to outstrip properties on the market. According to data released by Rightmove the average rental price has risen to £1,088 per calendar month and taking annual growth in asking rents outside of London above 10% for the first time.
Future homebuyers to be freed from expensive ground rent bills on 30 June
The government has confirmed that, from 30 June 2022, ground rent charges will be banned on most new residential leases. This move forms part of a reform package to create a fairer housing system, levelling up opportunities for more people.
Have a great day and we look forward to working with you.