Plymouth Rents Set to Rise to £1,151pm in Next 5 Years
Thu 30 Nov 2017
It’s now been a good 12/18 months since annual rental price inflation in Plymouth peaked at 3.4%. Since then we have seen increasingly more humble rent increases. In fact, in certain parts of the Plymouth rental market over the autumn, the rental market saw some slight falls in rents. So, could this be the earliest indication that the trend of high rent increases seen over the last few years, may now be starting to buck that trend?
Increase in Interest Rates to cost Plymouth Home Owners £214.85 a year
Fri 24 Nov 2017
Plymouth homeowners will be among those affected by the latest rise in the Bank of England interest rates. The first increase in 10 years; they have just been raised from 0.25 percent to 0.5 per cent. This uplift comes as inflation hits a 51-month high of 2.9 per cent whilst the national unemployment rate is at an all-time low of 4.3 per cent.
Demand from buyers in the UK falls to a two year low
Wed 01 Jun 2016
Demand for housing in the UK is at its lowest level in two years with the number of house hunters making enquiries down by a fifth in April, new research shows.
Estate agents also reported that the number of sales made to first time buyers fell in April.
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