It’s now been a good 18/24 months since annual rental price inflation in Hounslow peaked at 4.3%. Since then we have seen increasingly more humble rent increases. In fact, in certain parts of the Hounslow rental market over the autumn, the rental market saw some slight falls in rents. So, could this be the earliest indication that the trend of high rent increases seen over the last few years, may now be starting to buck that trend?

n the TW3 and 4 postcodes there are 5,850 homeowners with a mortgage, of which 2,513 have a variable rate mortgage (the remaining have fixed rate mortgages). The total amount owed by those TW3 and 4 homeowners with those variable rate mortgages is £488,350,403, meaning the average monthly mortgage payment for those home owners on variable rate mortgages before the interest rate rise was £1,515.13 per month and now its £1,555.62 per month … meaning…

For the last 10 years, every private rental property must have an Energy-Performance-Certificate (EPC) rating.  The property is given an energy rating, very similar to those on washing machines and fridges with the rainbow coloured graph, of between A to G (A being the most efficient and G the worst). New legislation comes in to force next spring (2018)

I recently read a report by the Yorkshire Building Society that 54% of the country has seen wages (salaries) rise faster than property prices in the last 10 years. The report said that in the Midlands and North, salaries had outperformed property prices since 2007, whilst in other parts of the UK, especially in the South, the opposite has happened and property prices have outperformed salaries quite noticeably.

As regular readers of my blog know, I always like to find out what has actually happened locally in Hounslow.