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PROPER 117TY Seven year glitch?
Mirroring property sales, average UK rents fall for the first time in seven years, plus local housebuilder helps make moving easy, news on new developments, expert views, award winners and market news
A
verage UK rents have fallen for the first time in more than seven years, some
believe adding to
the picture of a rapidly cooling property market for both owners and tentants.
The slowdown in the rental
sector mirrors a similar picture in the housing market, with figures showing that property prices have fallen for the third month in a row. While some regions are still posting small gains in rents, the average change across the country is now negative for the first time since December 2009, according to the latest retail index from HomeLet, which provides services to landlords and letting agents.
The most recent Government figures show that in England alone 4.3 million households are renting privately. Martin Totty, HomeLet’s Chief Executive, said its figures suggested that landlords “are now facing a difficult balancing act between ensuring rents are affordable for tenants in a low real wage growth environment while covering their own rising costs”. Experts point to a number of factors slowing rental growth, including:
• A lack of wage growth among the tenant population. • A more cautious outlook about job security. • An increase in the availability of mortgages for buyers with small deposits.
Millwood ensure
moving is made easy For existing homeowners, the process of buying a new home whilst trying to sell a current property can become very stressful and complicated. In order to help make the moving process as smooth and stress-free as possible, Millwood Designer Homes is currently offering homebuyers the chance to purchase a new home at Standgrove Field in Ardingly, through their Moving Made Easy scheme. The scheme is hassle-free, cost effective and assists with the moving house process, from start to finish. Philip Brown, Sales Director at Millwood Designer Homes, comments: “When it comes to selling a property, as the chain forms, the chances of a delayed or broken link unfortunately creates uncertainty and stress for homebuyers. By offering Moving Made Easy at Standgrove Field, we hope potential purchasers will make the most of this extremely helpful scheme in order to make the home- buying and selling process a much smoother one.” Standgrove Field is a traditional collection of 36 semi- detached and detached houses, including a selection of three, four and five-bedroom properties, nestled in the unspoilt heart of Sussex’s High Weald, a designated Area of Outstanding Natural Beauty.
Designed and built sympathetically in keeping with
the architectural style of rural Sussex, many houses benefit from larger than average gardens and stunning views across open countryside. In addition, all homes come with large garages. Prices a Standgrove Field start from £594,950
for a four-bedroom home and from £924,950 for a five-bedroom.
Evening Standard Awards win for Kent housebuilder
Kent-based housebuilder Cox Developments (in association with Cox Restoration) charmed the judges of the Evening Standard New Homes Awards and have come away with a win for their inspiring development of six homes in Challock – Old Clockhouse Green. After entering Old Clockhouse Green into the Best Small Development category, the site was very quickly shortlisted and has subsequently come out on top, beating at least 10 other leading small developments. Old Clockhouse Green is an unparalleled development of six bespoke, three and four-bedroom homes that pay homage to their surroundings.
• For more information, call the sales team on 01444 369950 or visit
www.millwooddesignerhomes.co.uk
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