The latest on the Renters Rights Bill
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Author: Alex Bruton
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As a local lettings and estate agent in Bath, it is crucial to pour over last year’s statistics and take a view to what is to come in 2025.
The number of agreed UK property sales up to the 22nd of November 2024 is 18% higher than a year ago. Breaking this down further, as of 22nd November 2024, 1,009,340 homes were sold subject to contract (SSTC), an 18% increase from the number of homes SSTC in the same period of 2023. The average
Recent figures from the Office for National Statistics (ONS) revealed that across the UK, nearly half a million households are occupied by individuals aged 65+ living in the private rental sector. This represents 6.7% of all OAPs now renting privately.
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A brief insight into the current state of the property market as we head into the ending months of 2024!
With the ever-increasing cost of living and stagnating wages, alongside stricter mortgage criteria, it is no wonder that fewer under 34s’ are becoming homeowners.
How bad is the situation? Is there any hope up on the horizon for young people to find a place to call home?
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