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Thursday 23rd April 2015, Property media watch:
“New figures from CML regarding gross mortgage lending in March has estimated that figures reached £16.5bn, a 21% leap against February’s £13.6bn. Gross mortgage lending for the first quarter of this year was therefore an estimated £44.9 billion. This represents a 12% decrease from the last three months of 2014, and a 3% decrease on the first quarter of 2014.”
“Rents in England and Wales are now £768 per month with average annual rent rises growing at their fastest pace in two years, up 3.7% over the last 12 months. The last time rents rose so quickly was in the year to April 2013, when this previously stood at 3.9% per annum, according to the latest buy to let index from Your Move and Reeds Rains.”
“Derelict offices in Birmingham’s business quarter are to undergo a £4 million refurbishment. A 40-week scheme to transform an eight-storey office building in Temple Street, off New Street, will begin next month, creating 38,000 sq ft of grade A space.”