Real estate news

• Renting a room in UK tops £700 a month on average

  12-07-2023 17:02
  
  Analysts say 17% rise from spring 2022 shows ‘housing market isn’t working for anyone’The average cost of renting a room in the UK has risen to more than £700 a month for the first time, according to data from the property website SpareRoom.Experts said the data was proof the housing market “isn’t working for anyone”, and that rising rents meant tenants were stuck in unsuitable homes. Continue reading...
  
  Read more

• Renting a room in UK now tops £700 a month on average

  12-07-2023 17:02
  
  Analysts say 17% rise from spring 2022 shows ‘housing market isn’t working for anyone’The average cost of renting a room in the UK has risen to more than £700 a month for the first time, according to data from the property website SpareRoom.Experts said the data was proof that the housing market “isn’t working for anyone”, and that rising rents meant tenants were stuck in unsuitable homes. Continue reading...
  
  Read more

• Mortgages to cost 1m borrowers extra £500 a month by 2026, Bank warns

  12-07-2023 14:37
  
  Bank of England says millions of homeowners will be paying up to £220 more per month by end of yearNearly 1 million UK homeowners will be forced to shell out at least £500 more a month to cover mortgage payments by the end of 2026, as borrowers suffer the “consequences” of rising interest rates, the Bank of England has warned.Forecasts released on Wednesday showed that of the 4 million homeowners expected to roll on to new mortgage contracts over the next three years, the
  
  Read more

Follow @realestateuknws on Twitter!