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The April Market Trend Data from Land Registry shows that house prices were up 0.4% last month on March. The average house price in England and Wales is now £161,458. Meanwhile, repossession volumes decreased by 28% in February 2013 to 1,293 compared with 1,788 in February 2012. The region in…

Activity in the UK housing market has hit a three year high, surveyors report, offering hopes of a revival that would help the economic recovery. Chartered surveyors handled an average of 17.4 home sales over the last three months, according to the latest monthly survey by industry body RICS. That…

I occasionally get asked, “What if the tenants fail to pay rent and what therefore would be the process for evicting tenants in rental arrears”, I quickly point out the importance of tenant referencing and the possibility of taking out a rent protection insurance policy to protect them in the…

UK GDP rose by 1% in the third quarter of 2012, bringing the UK out of recession with first positive quarter of growth this year and beating analyst forecasts of a 0.6% rise. The strongest quarterly figure since Q3 2007 was announced by the Office for National Statistics (ONS) in…

Rents hit new high

March, 6, 2013 By Paul

July saw rents rise for the fourth month in a row, according to the latest Buy-to-Let Index from LSL Property Services plc. Rents hit a new record high last month, rising to £725 per month. According to the index, the average rent in England and Wales in July rose by…

Tenants expect rents to keep rising

March, 6, 2013 By Paul

60% of tenants expect to be paying more for their rented accommodation in 12 months’ time, up from 53% a year ago, according to Rightmove’s latest Consumer Rental Forecast. The anticipation of upwards rental pressure is greater among tenants in London and the South East. 66% of tenants in London…

Rents continue to rise

February, 6, 2013 By Paul

There has been a 4% increase in the cost of renting a home over the past 12 months, according to the latest RICS residential lettings survey, which covers the period May to July 2012. The cost of renting a property has grown by 4.3% over the last 12 months, according…

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