In its monthly House Price Index press release, Nationwide has confirmed that house price growth for October showed little change, with the average house price for the UK standing at £215,368.
News & Advice
For the past few years, ‘going green’ has become a hot topic of conversation. With recent protests around the country and the UK government announcing a ‘climate emergency’ in May this year, it’s hard to ignore the responsibility for change across all sectors. With all eyes fixed currently on Westminster and elections, innovating to reduce social and environmental impact has somewhat faded in the background.
The news this month has been dominated by Brexit uncertainty and what this could mean for industries in the UK. Mortgage lender, Halifax also reported that the housing market appears to be moving at its slowest rate in six years.
A broad range of organisations – including charities and professional bodies representing tenants, landlords and other members of the property industry – are calling for the government to increase the level of housing benefit.
Rental prices are affected by many factors. For example, it’s well known that homes located near popular schools often have higher rents. But it turns out that the presence of global tech giants also has an impact on rental prices in an area.
Millennials are now spending a large portion of their monthly budgets on their rent. New research has found that Millennials (the 22 to 37 age group), are spending more than ever on their rents, but that a lot of this is down to personal choice and the desire to live in better locations.