- Rent and mortgage spending grew 8.2 per cent year-on-year in November, as more homeowners rolled off fixed-rate mortgages onto higher interest rates
- Brits are looking to improve their home’s energy efficiency, with loft insulation, wall insulation, double or triple glazing, and fitting solar panels topping retrofitting priorities
- Changes to stamp duty are causing concerns for next-time buyers, however renters still report house prices as the biggest barrier to buying a home
- Barclays Property Insights combines data and research from across the Bank to give an in-depth perspective on emerging housing trends in the UK
Rent and mortgage spending increased 8.2 per cent year-on-year last month, reaching a 14-month high, according to the latest Barclays Property Insights report. Despite increased costs, consumers have maintained confidence in their ability to afford housing payments, though stamp duty changes have hampered plans for some next-time buyers. Meanwhile, improving home energy efficiency remains a priority for the winter months ahead.
Concerns around rising interest rates…
