Lilly Partin

3 weeks ago | londonlovesproperty.com | Lilly Partin |John Saunders

The latest research from over-50s property specialists, Regency Living, reveals that in the UK’s sunniest county, homebuyers are paying an average of £835 for every minute of daily sunshine. For some homebuyers, living in a place that offers warm weather and sunshine is a significant priority. But Regency Living’s analysis of Met Office weather data and UK house price data* shows buyers who are determined to live in a sunny spot are probably going to have to pay for the privilege.

3 weeks ago | londonlovesproperty.com | Lilly Partin |John Saunders

New homes are increasingly oustripping the material and labour costs of building them, making it increasingly profitable to create new supply. The analysis comes from West One Loans, a leading provider of property finance and specialist mortgages.* The finance provider found that new build prices have surged by a staggering 42.0% in the past three years. In comparison the cost of materials have risen by 8.5% in three years, while labour costs have increased by 17.8% over the same period.

3 weeks ago | londonlovesproperty.com | John Saunders |Lilly Partin

The latest Goodlord Rental Index has revealed that rents jumped again in May – marking the fifth consecutive month of rises. With market prices typically peaking across late summer and early autumn, experts believe this latest price bump marks the beginning of the ‘summer surge’ – with significant rental rises still to come. Voids remained unchanged during May. Rents rose during May, with price increases recorded in all but one region of England.

3 weeks ago | londonlovesproperty.com | John Saunders |Lilly Partin

House prices rose in May to 3.5% compared to 3.4% in April, month-on-month prices have increased by 0.5%. House prices in predominantly rural areas have risen by 23% over the last five years, compared to 18% in more urban areas. Robert Gardner, Nationwide’s Chief Economist, said, “Annual UK house price growth was marginally stronger in May at 3.5%, compared with 3.4% in April. House prices rose by 0.5% month on month, after taking account of seasonal effects.

1 month ago | londonlovesproperty.com | John Saunders |Lilly Partin

House prices in predominantly rural areas have risen by 23% over the last five years, compared to 18% in predominantly urban areas. Rural terraced properties have seen the strongest rate of price growth, urban flats the weakest. Andrew Harvey, Nationwide’s Senior Economist, said, “Average house price growth in predominantly rural local authorities has continued to outpace that in predominantly urban areas.