5 Property Statistics You Need to Know About this Month
20 Jun 2016
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.
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%.
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.
The average rent for new tenancies in London is £1,563pcm. Rents in London are up by 6.2% against last year.