Tenants are showing signs of returning to major cities to take advantage of rents that were lowered during lockdown, a report suggests.
Work and leisure restrictions, as well as younger adults returning to live with their families, meant demand dropped in the last year.
This in turn led to rent falls, including a drop of 9.4% in London, according to property portal Zoopla.
But, since Easter, it said demand had picked up.
Average house prices have climbed about £20,000 in the last year, the Halifax says, as the buying frenzy prompted by the stamp duty holiday continues.
Prices are up 8.2% in the last 12 months, the highest annual growth rate for five years, it said.
Altura mortgage broker Rob Gill said "fear of missing out" (FOMO) was driving the surge.
The government will lay out its legislative agenda for the new parliamentary session this morning in the Queen's Speech which is widely expected to include a new planning bill aimed at ramping up home ownership across the North and the Midlands.
St Johns Centre, one of the largest mixed-use developments in Leeds, has been placed on the market for £33m.
The landmark 2.5 acre site in Leeds city centre, which includes retail, office and leisure facilities, is currently owned by the Cromwell Property Group.
Leasehold flat owners could see billions wiped off the value of their properties, should they find they own one of the properties affected by ACM and other unsafe materials, according to new research from StripeHomes.
Brits have always been a green-fingered bunch. However, due to several lockdowns, a highly impressive 71% of homeowners have invested in their garden since the start of last year, rising to 75% among those who have been furloughed.
A Shrewsbury retail park has been bought by AEW UK REIT in a deal worth £8.35m.
Arrow Retail Park is a 5.65-acre site that is fully-let. It was built in 2007 and is home to tenants including British Heart Foundation, Poundstretcher and Charlie’s Stores.
Letting agents can play a key role in helping the rental sector adapt to the latest government legislation, known as Breathing Space, according to PayProp.
The majority of London homes are not known for their generosity when it comes to outside space. In the current climate, where gardens and even parking spaces are a highly sort after commodity, landing a prime property close to open space may be your best shot.
Mortgage borrowers trapped on interest rates of more than 5% say they are “disappointed, distressed and betrayed” after MPs voted against a cap on how much lenders can charge.
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