Annual house price growth hit 10.0 per cent last month - and is now tracking close to the level seen before the 2007 crash.
Annual housing supply in England amounted to 216,490 net additional dwellings in 2020-21, down 11% on 2019-20, according to the Department for Levelling Up, Housing and Communities.
The average private rents in September were 4.6% higher than a year earlier at £968 a month, says Zoopla.
There’s no denying that recent tax changes have made the buy-to-let market less attractive for investors. Yet it’s still a tempting option with the potential for excellent financial returns. Donna McCreadie, partner and property specialist at Perrys Chartered Accountants, looks at the current landscape and explains why buy-to-let is still a viable investment.
New analysis carried out by Knight Frank has highlighted the areas which have seen the biggest increase in the value of their housing stock over the course of the pandemic, with the top three largest rises over the period all found in north-west England: namely Rossendale (24.2%), the Wirral (21.6%) and Liverpool (21.6%).
The Bank of England (BoE) has held its base rate at 0.1% despite expectations that there could have been a rise.
The average price of purchasing a home rose by 0.7% in October taking the average price of a property past the £250,000 mark for the first time ever, according to the latest house price figures from Nationwide.
- Senior Analyst says: House Prices Will Still Rise Even After Interest Rate Hike
- Interest Rate Rise – Could It Actually Be Good For House Sales?
- Which Areas Promise the Biggest Property Value Increases?
- Fall-Throughs at all Time Low
- More Landlords Selling Up!
- House Price Growth Remains in Double Digits
- Property Tax Revamp in the Pipeline
- Asking Prices Hit All Time High!