Why UK rental prices could rise by 25 per cent in three months
This sharp reduction in rental supply is anticipated to push rental prices up by 25 per cent over the next three months, despite tenant demand holding steady.
The sales market experienced a downturn in July, marked by a fall in new home buyer inquiries and a net balance of 16 per cent of property professionals reporting decreased sales.
House prices are showing a slight downward trend nationally, with 13 per cent of professionals noting falls, though prices continue to rise in Northern Ireland, Scotland, and the North West of England.
While the average two-year fixed-rate mortgage has dropped below 5 per cent, the housing market remains "particularly price sensitive" amid ongoing economic uncertainties.
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