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.
Rental growth has accelerated over the last 12 months from an
annual rate of less than 2% in July 2021 to 12.3% today. The average rent increased by £115 per month since last year.
Higher rental values were recorded in almost every region of the UK, rose by an average of 2.1% in September. The average monthly rental of new tenancy in September was £927 compared to £908 in the same month of last year. Compounded by the fact, the demand for rental properties will remain high.
The Bank of England has made an emergency cut to interest rates and incentivised banks to lend more in a wider package of measures designed to counter the shock of the coronavirus outbreak on the UK economy, which also brings positive impact on the real estate market.
Hong Kong residents are buying more houses and apartments to lease out for income in Britain, and have became the fifth largest foreign investors in central London as of last August, driving up prices in some popular districts outside the UK capital.