Property media watch – Tuesday 31st March

. by James Laurence Estate Agents

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Tuesday 31st March 2015, Property media watch:

 

 

Today’s local stories in the property world:

 

 

 

Mailbox announces summer opening schedule – The Business DeskTop of Form

“The Mailbox in Birmingham has announced that its redeveloped retail space will open in phases from July culminating in a celebration event in September. The opening of the new Harvey Nichols store will be supported by a number of store launches over the summer period. The new retail mall including the sky-lit Urban Room, will be officially unveiled during a celebration event in September.”

 

 

 

Rental property demand rises 7% – Property Reporter

“According to the latest data from Sequence’s National Rental Report, average monthly rent has risen by 1% to £705 as a result of a 7% increase in demand for rental properties. At the same time supply has fallen by 17% over the same time period resulting in over 5 buyers competing for every new rental property to come onto the market, up from 4.8/1 last month and 4.0/1 last year.”

 

 

 

 

Mortgage lending on the rise, says Bank of England – Property Industry Eye

 

 

“The number of mortgage approvals for house purchase rose in February to 61,760 – the highest for six months. The figure compares to a monthly average of 60,750 for the previous six months. February’s approvals were the highest since last August, when there were 64,212.”

 

For the latest property news contact one of Birmingham’s leading estate and lettings agent today on 0121 604 4060 or on our website

 

 

The stories above are from various media sources, they do not necessarily reflect the views of James Laurence Sales and Lettings.

 

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