HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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New research finds up to a third of young people in Britain will now rent for their entire lives, underlining the need for more investment in key UK city markets.
The average rent has now risen above £800 per month across England and Wales.
New research saw average rental figures in July hit £804, up from £789 in the previous month - an increase of 1.9%. This is the fastest month-on-month rise since records began in 2009.
* On track for best weekly gains since March
* Trade-weighted sterling hits four-week high
* BoE says rate rise chances have risen
From May 2016 onward, there has been a relatively gentle and almost straight-line increase in house prices, despite the Brexit referendum in June 2016.
Rishi Sunak is preparing to extend the stamp duty holiday by three months until the end of June in an attempt to keep the property market firing as Britain emerges from lockdown.