A Piece of EnglandA UK buy to let property blog |
|
A Piece of EnglandA UK buy to let property blog |
|
UK property prices increased at the fastest pace since 2004 according to Nationwide's April House Price Index and could hit double figures by June. At the city level, it is still the North and Midlands leading the way. Just one year ago, the prospect of a property boom would have seemed absurd. Yet here we are, with the major indeces registering the fastest start to the spring season in more than 15 years. Fuelled by a dearth of available properties, a 70% plus increase in demand from pre-covid days and by government intervention, both transactions and prices are at record highs. The big picture - NationwideHeadlines -
Housing market activity is likely to remain fairly buoyant over the next six months as a result of the stamp duty extension and additional support for the labour market included in the Budget, especially given continued low borrowing costs and with many people still motivated to move as a result of changing housing preferences in the wake of the pandemic. City-by-city - Zoopla/HometrackHeadlines -
Annual price growth in the year to March continues to outperform in regions where homes are more affordable, with values growing at an annual pace of 5.9% in Wales, 5.3% in Yorkshire and the Humber and 5.2% in the North West of England. London, which has the highest average prices for homes of any region is lagging, with 2% growth over the year. All content from Nationwide (full report) and Zoopla (full report)
Comments are closed.
|
Specialist Sheltered Housing 6% NET Rental Yield
|
3/5/2021