Rightmove’s January House Price Index revealed that the price of property coming to market is up 0.5% (+£1,509), the second highest Christmas/New Year period rise since 2007.
Over the last 30 years the way in which we live has changed and this has had an impact on how the country’s housing stock is used. With more one person dwellings becoming more common, higher mobility meaning more demand for rental properties, and land becoming less and less easy to get hold of, there are a host of reasons why demand is up but why can’t we seem to build as many homes as we used to? The UK government has consistently failed to hit it’s home building target for nearly 10 years and this infographic from Inside Housing (https://jobs.insidehousing.co.uk/) explores some of the reasons why that is.
There’s no denying that living in London can be costly, and generally more expensive than other parts of the UK, but have you ever wondered how it compares to other European capitals? According to HomeLet, the average price of rent in Central London is said to be about £1,390 a month, which is fairly expensive by anybody’s standard; however this isn’t necessarily representative of prices around the continent. The latest infographic from housesimple.com compares the cost of living in London with five other European capitals: Berlin, Madrid, Paris, Rome and Stockholm. Looking at the price of properties, rates of homelessness and rent prices for example, the affordability of London (or lack of) compared with other European capitals may surprise you!
This is a really interesting 1 minute video about the top economies throughout history. Chinas economy now ranks as the world’s biggest in purchasing-power-parity terms. But it is merely regaining a title that it has held for much of recorded history, as our video shows. The brief interlude in which America overshadowed it is now over. Source - The Economist
Rightmove’s May House Price Index reported a pre-election drop of 0.1% (-£242) on price of property coming to market, the first fall in May since the last general election in 2010 and a big contrast with May 2014’s +2.1% increase.