- New Prices of Property Coming to Market Hits All-Time High of £338,462 –Rightmove found that the price of new properties entering the market reached an all-time high of £338,462. This was £1,091 higher than in August and £15 higher than the previous record set in July 2021. In the same report, the property portal found that there was the hottest ever competition to buy, with demand per property over double pre-pandemic levels.
- UK House Price Growth Slowed With Ending of Stamp Duty Holiday – As the end of the stamp duty holiday drew near, UK house price growth grew by just 0.1% in September 2021, according to a report from The Guardian. The data comes from Nationwide, which found that the average property price was £248,742, with annual price growth of 10%, down from 11% in August and 13% in June.
- UK Rent Reaches Record-High – According to HomeLet Rental Index data, average UK rent reached an all-time high of £1,061 PCM, increasing 7.50% year-on-year. It was 0.76% higher than in August.
- Rental Arrears Not Enough to Deter Portfolio Expansion – In a report from PropertyWire, it was revealed that the average rent arrears owed to landlords were valued at £2,523. Despite this, a quarter of all UK landlords planned to invest in at least one more property in 2021.