Number Of New UK Homes At 'Highest Levels For Over A Decade'

New home registrations in Britain have reached their highest level in more than a decade, boosted by a number of large developments in London, according to an industry body. But the National House Building Council (NHBC), which released the figures, also warned of caution in the industry until the economic impact of Brexit becomes clearer. The NHBC said 43,578 new homes were registered between July and September, up 15% from the same period a year earlier. It is the highest total since the third quarter of 2007, when 49,520 new homes were registered. Read more on the Guardian website.

https://www.theguardian.com/business/2018/nov/01/home-registrations-in-uk-hit-highest-levels-for-over-a-decade

Buy-To-Let Rents Rise To All-Time High

The average monthly rent for a home in England and Wales rose to an all-time high of £846 in July. The overall figure was 5.2% higher than a year previously, according to the latest monthly index of buy-to-let rentals from Your Move. The biggest year-on-year increase occurred in south-east England, with rental costs rising by nearly 15% to £924 as people moved out of London to escape the capital’s high rents. Rents had been expected to fall as landlords rushed to buy property ahead of the new stamp duty rates for buy-to-let properties in April. Your Move’s index shows a slowdown in the early part of summer, but surveys suggest that demand for rental property is outstripping supply. Read more on the Guardian website.