The number of homes for sale has reached a new height as demand among house hunters “cools”, it has been revealed.
Properties for sale in England and Wales spend just over a month on the market on average, new data reveals.
Number of rental homes stuck at same level for nine years - but the type of landlord has changed
Rental growth in the UK has dropped to 3.9%, its lowest level in more than three years and down from 9.1% a year ago.
Traditional private landlords are rapidly being replaced by pension funds and private equity firms seeking to capitalise on the lucrative build-to-rent sector.
The capital’s rental market continues to show signs of slowing down, with prices rising by just 1% year-on-year in May while the number of viewing request per property has dropped too.
A WhatsApp-style ‘dating service’ designed to marry up landlords and tenants has launched seeking to simplify London’s ‘chaotic’ private rented sector and rival established portals such as Rightmove and Zoopla.
