A new study suggests that first-time buyers in the UK need to be earning an average of £53,000 in order to buy a home in one of Britain’s largest cities.
Landlords urged to take note of new HMO rules ahead of 1 October deadline
New licensing rules due to take effect on Monday 1 October 2018 will require some 177,000 UK landlords to apply for House in Multiple Occupation (HMO) licences, it has been warned.
Network Rail to ‘sell-off’ £1.46 billion worth of commercial property
In recent days, Network Rail has unveiled plans to downsize its substantial commercial property portfolio by ‘selling off’ as many as 5,200 commercial units.
Mortgage approvals up 2.7 per cent in August
Approximately 66,543 mortgages were approved last month – a 2.7 per cent rise on the number of new loans approved in July, new research reveals.
Property prices up by almost four per cent in August
New data from high street lender Halifax reveals that average UK property prices were up by almost four per cent year-on-year in the three months to August.