Property News In Leeds

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Pendulum Swings To New-build 15 November 2024

* With rising energy costs a concern, 53% of home movers would consider buying a brand new home, up from 47% last year.

* This is consistent across all age groups showing new-builds appeal to everyone, not just for first-time buyers or those who don"t like maintenance.... Read More

Mortgage Approvals Rocketing! 05 November 2024

* Remember remember this November, the housing market is still ablaze with activity from igniting buyer interest.

* Mortgage approvals rocketed up to 65,647 in September, reaching heights not seen since August 2022. This marks the fourth consecutive monthly increase, with rates a dazzling 49% over last year"s lower levels.... Read More

Spooky Street Names 31 October 2024

* Halloween is a monster of a market, with spending in the UK expected to creep up to a spine-chilling £776 million in 2024.

* It would also seem that some home movers like a hint of Halloween magic in their everyday lives. Roads named "Broom Water" have averaged £3.... Read More

Pick Of The Crop 25 October 2024

* The number of available homes for sale per estate agent has reached its highest level since 2014 and 12% higher year-on-year, giving buyers the pick of the crop.

* Despite strong housing market activity, the number of new properties hitting the market and the time they take to sell are both rising, leading to an increase in available homes for sale

* In this buyers market, sellers must price competitively to achieve a sale as affordability remains stretched and choice levels are high.... Read More

Sales Surge 18 October 2024

* Falling mortgage rates are helping boost sales levels. There were 332,200 sales agreed across the UK in Q3 2024, 23% above the same period last year.

* While 2023 was a low base to compare with, Q3 2024 sales were also 7% ahead of the same quarter in 2019 (a stronger year for comparison purposes).... Read More

Student Renters – Huge Scale Of Student Demand 11 October 2024

* With a new academic year just getting underway; it makes a good time to reflect on the huge scale of student demand and how many live in purpose built student accommodation (PBSA) or in the wider private rental market (PRS).

* Overall in the private rental sector, there are around 4.... Read More

Who Are The Next Generation Of Landlord? 05 October 2024

* Residential property has long been the investment choice for many in the UK, but as original buy-to-let landlords near retirement, a new generation must step up to meet the future demand for rental homes.

* The average age of an "aspirational portfolio landlord" (landlords with between one and three properties who expressed a desire to growth their portfolios) is 37.... Read More

Price pressure – cities with lowest and highest rents 26 September 2024

* St Albans tops the list as the most expensive city in the UK to rent outside of London, paying an average £2,307 per month, 71% above the national average.

* As students prepare to start a new academic year, many university cities have seen five-year rental growth of over 40%.... Read More

Students dominate the September rental market 18 September 2024

* As a new academic year gets underway, young people across the country are busy leaving the family home and moving to new cities.

* HESA (Higher Eduation Statistics Agency) estimates 2.9 million students were in higher education in 2022/23, 22% more than 5 years before.... Read More

Strongest growth in house price 12 September 2024

* House prices edged up 0.3% in August, with annual growth rising to 4.3%, the fastest pace since late 2022. However, this is partly due to the comparison with weaker growth this time last year.

* Buyer confidence has been boosted since the Bank of England rate cut at the beginning of August and mortgage rates trending downwards.... Read More

Uptick in Mortgage Approvals 06 September 2024

* July data just released by the Bank of England saw a pick-up in mortgage approvals to just shy of 62,000, the highest monthly rate since the Truss mini budget in September 2022.

* This July mortgage data precedes the Bank of England"s first interest rate cut in August but shows the building sentiment towards the housing market as mortgage rates moved down ahead of the Bank of England meeting.... Read More

Second Homes 30 August 2024

* Households in England own 4.3 million second homes, according to the 2022/23 English Housing Survey, up from 3.3 million a year earlier. Second properties can be owned or rented.
The greatest increase has been in those rented out which form the majority of second homes (73%).... Read More