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Your Move Property Blog

Thoughts, Opinions & Analysis of the UK Property Market

Your Move is ready to help you move this year

February 26, 2015 14:42 by Your Move Press Office

Your Move estate agents have launched a new campaign to emphasise how they can help home owners get moving in 2015.

Your Move is a nationwide network of branches that have over 1,500 property experts across the country. The campaign highlights how Your Move estate agents have an excellent range of skills and facilities, within the local branches, as well as having access to experts across the country that can help potential sellers and buyers get moving in 2015.

Managing Director at Your Move, Jon Cooke, explains more about how his teams can help homeowners with selling their property:

The staff at Your Move are able to provide vendors with a local service for their individual needs as the teams in branch have years of experience in the property industry, and have a great knowledge on the local housing market. Many of our staff live in the area local to their branch so have a keen insight in to the area, and can sell all the local amenities to potential sellers, as well as your property.   

 “In addition, we are able to provide a free valuation for home owners who are thinking of selling, and we have comprehensive marketing to give your home maximum exposure, this includes local advertising, along with promoting your property on two of the main property portals – Rightmove and Zoopla. Furthermore, your property will also be advertised on the Your Move website, which is the UK’s most visited estate agency website(*). So we really have a great range of tools to help get you moving this year.

If you would like more information about how Your Move can offer you help with selling your property then please contact your local Your Move branch.


(*) Nielsen stats November 2014

 

 

 




January 2015 - Scottish Buy to Let Index

February 25, 2015 09:58 by Your Move Press Office

RENTS UP 5.3% SINCE LAST SCOTTISH ELECTION 

· Scottish rents climb 1.3% in past twelve months – half the pace of rent growth in England & Wales
· Average residential rent in Scotland now £536 a month, following 0.1% monthly fall in January
· Rents in the East of Scotland reach new record high in January, after 3.2% uplift in past twelve months
· Despite slight monthly improvement, tenant finances worse than a year ago - with 7.1% of rent late

Overview:
Since the last Scottish elections, rents have risen at only half the pace of growth seen across England and Wales, according to the latest Scotland Buy-to-Let Index from Your Move, one of Scotland’s largest lettings agent networks.

The average monthly rent in Scotland is now 5.3% higher than at the time of the previous elections to the Scottish Parliament. As of January 2015, the typical residential rent in Scotland stands at £536 per month, up from £509 in May 2011.

This rent growth represents just half the pace of rent increases across the rest of the UK over the same time period. By contrast, the average residential rent across England and Wales has climbed 9.6% since May 2011, according to the latest LSL England & Wales Buy-to-Let Index.  

Following a 0.1% monthly dip in rental prices during January, the average monthly rent for Scots is just 1.3% (£7) higher than a year ago. But south of the border, rents in England and Wales have risen 2.8% year-on-year.

Commentary: 
Brian Moran, Area Lettings Director at Your Move, comments: “Scottish tenants are having a much smoother ride than their counterparts south of the border, with rental prices in Scotland climbing at a considerably slower pace. Despite snowballing demand for homes to let, the private rented sector has managed to shelter tenants from the worst extremes of rent inflation, and rents have navigated an affordable route broadly trailing inflation."  

Read the full index




January 2015 Buy to Let Index

February 20, 2015 10:44 by Your Move Press Office

RENTS 16% HIGHER THAN IN 2010

· Over last five years, rents have grown by an average 3.0% per year – but just 0.6% annually after inflation

· In last twelve months, rents across England & Wales increase by 2.8%, to stand at £763 in January 2015

· Official measure of rents paid across Great Britain now revised more closely in line with this data

· Tenant finances see healthy half-decade – 6.8% of rent now in arrears, down from 11.1% in January 2010

· Landlords see total returns of 11.7% over last 12 months, down from 11.8% as property price rises cool

Overview:

Rents are now 16.3% higher than five years ago, having most recently risen by 2.8% over the last twelve months, according to the latest Buy-to-Let Index from Your Move.

In absolute terms, the average residential rent across England & Wales has grown by £107 since January 2010, to reach £763 as of January 2015.

This amounts to an average annual rent rise of 3.0% over the last half decade. However, this represents a real terms increase of 0.6% per annum when adjusted for inflation over the same period.

Most recently, rents have fallen on a monthly basis, down 0.6% between December 2014 and January 2015. On an annual basis, rents are 2.8% higher than was seen last January.

Commentary:

Adrian Gill, Director of estate agents Your Move, comments:The nature and affordability of UK housing is transforming before our eyes.  In the last five years the private rented sector has successfully absorbed an unprecedented influx of tenants, while rental prices have broadly tracked inflation.

“As this growth accelerates, even more investment will be necessary for the industry to keep up. So we need more buy-to-let landlords to help solve the crisis in demand for homes to rent."

Read the full index




December 2014 - Scottish House Price Index

February 18, 2015 10:16 by Your Move Press Office

RECORD DECEMBER FOR HOUSE PRICES

·   Scottish house prices climb £6,700 in twelve months to hit a five-year high, nearing pre-recession peak  
·   Total home sales in 2014 11% higher than 2013 – led by the first-time buyer market
·   Defying lower oil prices,  property values in Aberdeen see some of strongest annual growth – up 10.0%
·   Average house prices in Aberdeenshire and the Shetland Islands both reach new records in December

Commentary:

Christine Campbell, Regional Managing Director of Your Move, comments:Scottish house prices reached a crescendo at the end of 2014, ending on a high note with an all-time record December. After the brief unsteadying influence of the independence referendum, house price growth has firmly fallen back into a steady rhythm, and values climbed 0.3% in December.  The underlying melody in the market hasn’t been broken and property values have risen 4.2% or £6,688 in a year, taking them to the highest level seen since June 2008. Standing at £165,075 in December, this means the average house price in Scotland is now just £440 shy of the pre-recession peak, and households across the country are beginning to taste the fruits of the economic revival.

Read the full index




Scotland House Price Infographic - December 2014

February 18, 2015 00:01 by YOUR MOVE
Average property price in Scotland for December 2014, by region. Scotland House Price Infographic - December 2014



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