Scotland is undergoing a build to rent boom as dwindling property stock and rising house prices continue to put the dream of buying a home out of the reach of m. House price rises prompt growth.
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In recent years, we have had a devastating global credit crunch, the longest and deepest recession since the 1930s (if not worse). Across Europe, we have seen mass unemployment and in countries like Spain, Ireland and Portugal, the housing market has seen up to 50% falls in house prices.
Someone bought a modest, two-bedroom house next to hers, and added more bedrooms and a backyard spa. Now it’s a short-term.
House prices rose by 3.55% in 2017, amidst improved economic growth. In 2018, the economy was estimated to have grown by about 1.5%, after expansions of 1.7% in 2017, 1.4% in both 2015 and 2016, and 1.3% in 2014.
House price growth has slowed and the outcome of Brexit negotiations remains uncertain, but property values in all British regions will still rise above this year’s figures by 2019, according to one of the UK’s biggest estate agents. Countrywide predicts house prices will rise by just 1.5 per cent – at below inflation this is a real terms fall – across Britain this year.
The cost of housing in Edinburgh and Glasgow is set to rise above UK averages over the next five years, market analysis has revealed. Figures published by property consultancy firm jll forecast it.
Landlords are expected to scale back portfolios in the next 12 months, but rental demand continues to increase. photograph: alicia canter/The Guardian UK rents are expected to rise faster than house.
The Nationwide’s House Price Index for October 2013 reveals that house prices are rising at their fastest rate in the last three years – with a 5.8% increase since October 2012. London, however, has seen an annual price growth, reaching 10% in Q3 of 2013.
Zoopla Cities House Price Index Stretched affordability continues to hold back price growth in many of the UK’s major cities, while Liverpool sees the biggest gains. Developers to be banned from building tiny homes The Prime Minister has pledged to introduce new mandatory design regulations setting out clear standards for new-build properties.