HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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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.
The number of applications from China and Hong Kong rose from more than 17,000 last year to 21,000 this year. Student tenants are increasingly an important group for the property market.
The United Kingdom has beaten the United States to become the most popular destination for overseas Chinese students, according to a recent survey.
The news comes amid an intense tariff war between Beijing and Washington.
More and more of Chinese pupils are turning away from American schools and universities due to concerns over their visas and job prospect across the Pacific Ocean.
Details of the government's reforms to stamp duty land tax relief for first-time buyers.
Of 18 areas we looked at, the best value for those wanting to rent is Chatham, on the Medway estuary in North Kent. For those wanting to buy a two to three bedroom house or flat, Chatham also turns out to be the most affordable.