Chestertons dedicated Research department compiles regular reports on national and international property trends. As well as providing information and guidance on property legislation, for all those involved in buying, letting, renting or investing in property.
Rental growth in the private sector both nationally and in London has overtaken price growth in the sales market. The private rented sector is arguably as much in need of more available stock as the sales market.
With the likelihood of interest rates rising this year appearing to diminish, the window of opportunity for buyers to take advantage of some very attractive mortgage deals looks set to remain. However, sustained economic growth and a jump in inflation could quickly change the mortgage environment – prospective buyers take note.
Prime rental growth accelerated to 1.6% in final quarter of the year.
The Government has recently made a number of important announcements with regard to the taxation of residential property in the United Kingdom.