The average cost of buying a property with a mortgage in Camden, London, was about twice as high as in Croydon in June 2024. Despite experiencing one of the highest declines in property prices in the past year, Kensington and Chelsea remained the most expensive borough for residential real estate. The average cost of buying a new residential dwelling with a mortgage is usually higher than the original asking price. The amount of the down payment, interest payments placed on the repayment of the loan, and other added costs on can amount to thousands of British pounds. Property prices in other cities in the UK Cambridge, Oxford, and Bristol were some of the other cities with costly housing markets. Despite the slowdown in the residential sector, many of the major cities in the UK continued to see house prices increase in 2023. Though the housing boom witnessed during the pandemic has come to an end, prices show little volatility, due to the high demand and chronic shortage of affordable housing. To buy or to rent? Buying has long been the better option for those who can afford it. Homebuyers can achieve monthly savings of several hundred British pounds, depending on the region. Nevertheless, the soaring mortgage rates and house prices in recent years have led to a narrowing gap between purchase and rental costs.

This data sets out information on the size and shape of England's Broad Rental Market Areas (BRMAs). The information comes from the Valuation Office Agency (VOA) and is available online at https://www.gov.uk/government/organisations/valuation-office-agency

Across England there are 152 Broad Rental Market Areas. These are set by the Valuation Office Agency (VOA) and are used to define the amount of support a household might be able to claim to support their housing costs, known as Local Housing Allowance. The boundaries of the broad rental market areas and Local Housing Allowance rates are shown in the Cambridgeshire Atlas | BRMAs http://atlas.cambridgeshire.gov.uk/housing/brma/atlas.html.

Renting an apartment in Cambridge cost on average more than 1,500 British pounds per month in December 2023, making it the most expensive cities for renters in the UK after London. In London, the average rent ranged between 1,400 British pounds and 3,700 British pounds depending on the location. On the other hand, Northern Ireland, Wales, and North East were the regions with the most affordable rents.

Published after reforms to the Local Housing Allowance setting process made in 2011, this data relates to private rented housing across Cambridgeshire and West Suffolk.

Local Housing Allowance (LHA) is the housing benefit for households in the private rented sector.

The data looks at the impact of two reforms to LHA rates. Prior to 2011, LHA was based on the median market rent for a Broad Rental Market Area (BRMA). The Cambridge sub-region is mostly covered by 5 BRMAs. Within each area, half the rents were below the set LHA rate and half were more expensive. In 2011 LHA was reduced to the 30th percentile market rent meaning 30% of rents are below this level.

The data attempts to project the impact of these changes into the future, looking up to the end of 2016.

The URI's for West Suffolk are as follows http://statistics.data.gov.uk/doc/statistical-geography/E07000201 and http://statistics.data.gov.uk/doc/statistical-geography/E07000204.

In 2024, London was still the most expensive UK city for office construction. This was true at least for the cities included in the list, and it applies to prestige and A-Grade offices. Both A-Grade and prestige offices in London were more expensive than any type of office construction in Birmingham, Manchester, Glasgow, or Leeds. After London, Cambridge and Oxford are also some of the other UK cities with the highest house prices in 2023. Office rents in London Not only did London prove to have high building costs, rents for prime offices were equally high, with the West End core as the most expensive districts in the city. The area to the North of Buckingham Palace is known for its exclusive townhouses largely owned by the foreign elite and upscale hotels and restaurants. Stratford and the rest of the Docklands were the cheapest districts in London. Office investments in the UK In the last quarter of 2023, the value of office investments in London increased slightly in comparison to previous quarters. Investments in the City and Southbank, however, dropped in value. The volume of investment in commercial real estate in the UK fluctuated a lot in the past months, with some years showing high volumes of investment in office real estate, and other months where those values fell rapidly.

Diese Daten enthalten Informationen über die Größe und Form von Englands Broad Rental Market Areas (BRMAs). Die Informationen stammen von der Valuation Office Agency (VOA) und sind online verfügbar unter https://www.gov.uk/government/organisations/valuation-office-agency

In ganz England gibt es 152 breite Mietmarktgebiete. Diese werden von der Valuation Office Agency (VOA) festgelegt und werden verwendet, um die Höhe der Unterstützung zu definieren, die ein Haushalt geltend machen kann, um seine Wohnkosten zu unterstützen, die als lokale Wohnbeihilfe bekannt sind. Die Grenzen der breiten Mietmarktgebiete und der lokalen Wohnungsbeihilfen sind im Cambridgeshire Atlas ⁇ BRMAs https://cambridgeshireinsight.org.uk/wp-content/atlases/BRMA/atlas.html angegeben.