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5 Property Statistics You Need to Know About this Month

5 Property Statistics You Need to Know About this Month

Changes to stamp duty and the upcoming EU referendum are just two of factors that have affected the housing market this year. Here are five property statistics that caught our eye this month.

Empty properties

The sum of all empty properties in London is worth an estimated £12.4 billion. 

Source: Property Partner

 

Bank rate stays at 0.5%

The Bank of England’s Monetary Policy Committee voted to maintain the bank rate at 0.5%.

 

Rent arrears

3,100 households in the UK have moved out of serious rent arrears since the end of 2015.

Source: LSL Property Services Tenant Arrears Tracker

 

On the market

347,000 sales listings have been listed on Rightmove in Greater London since May 2015. 

Source: Rightmove

 

London rents

The average rent for new tenancies in London is £1,563pcm. Rents in London are up by 6.2% against last year.

Source: Homelet

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