UK rental costs are the highest in Europe but homeowners are benefiting from cheap mortgages, data suggests. Tenants typically spend 39.1% of their income on rent compared with a European average of 28%, figures from the National Housing Federation suggest. The federation, which represents housing associations, also said that renters were less secure in their […]
UK housing market activity has “remained subdued”, the Nationwide says, as annual house price growth slowed for the seventh month in a row. Annual price growth fell to 5.1% in March, down from 5.7% the month before. House prices edged up 0.1% in March itself, the building society said, taking the average price to £189,454. […]
“While the top of the prime central London market may be undergoing a weaker period in the face of the election, London’s suburbs are still experiencing strong growth, fuelled in part by buy to let investors benefitting from a reduction in lenders stress testing…” Sales in London’s prime property market have continued to fall for […]
