Property media watch – Tuesday 25th August



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Tuesday 25th August 2015, Property media watch:
Today’s local stories in the property world:
First time buying costs almost £700 a year less than renting, new research shows – Property Wire
“The cost of buying a home for first time buyers in the UK is £670 a year lower than renting, according to new research by the Halifax. The average monthly costs associated with buying a three bedroom house in the UK for a first time buyer was £666 in June 2015, some 8% lower than the typical monthly rent paid on the same property type which was £722 a month.”
Rents rise above £800 for first time on record – Property Industry Eye
“The number of house hunters registered per estate agency branch is at the highest level in 11 years. Reporting on July, the NAEA said there was a further 5% rise in the number of applicants – an average of 462 per branch compared to 439 in June. This is the highest recorded figure since August 2004 when an average 582 house hunters were recorded per branch.”
Birmingham City University unveils £41m campus expansion – Birmingham Post
“Birmingham City University is continuing its major campus expansion programme with more plans to build new teaching facilities. The institution has lodged new proposals to construct a £41 million, 113,000 sq ft base to house a completely new school of life sciences and a relocated school of education. The building, in Westbourne Road on its City South campus in Edgbaston, would enable the university to offer a wide range of new health, nutrition, biomedical science and sports courses.”

 

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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