Latest News
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Global House Prices On The Rise Again
The global housing market is showing signs of a significant bounce-back, according to data from the Financial Times. After a period that saw the most substantial property downturn in a decade, data and analyses now suggest we’re at a pivotal turning point. A Global Rebound The latest analysis, drawing on data from the Organisation for…
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Green Tech, Your Ticket to a More Valuable Home?
The decision to install environmentally friendly technology in your home is becoming not just a personal virtue but a smart financial move. Recent studies have revealed that incorporating green technology such as solar panels, triple-glazed windows, and roof insulation can significantly boost your property’s value—by up to 15%, to be exact. This comes at a…
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Is Your Future on Firm Foundations? Property vs Pensions
The debate between the solidity of bricks and mortar versus the promised growth of pensions continues. A recent study throws new light on this dilemma, revealing a significant divide in where people’s confidence lies when it comes to securing their financial future. A striking revelation comes from financial services company Abrdn, showing that nearly half…
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Clampdown on Airbnb Mortgages in English Hotspots
A leading building society has announced it will stop offering mortgages for new Airbnb properties in parts of England. This decision follows the announcement of government plans that aim to free up homes for local residents and regulate holiday lets more strictly. Leeds Building Society is setting a precedent by halting the provision of new…
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Halifax Surprises Market with Mortgage Rate Cut Amidst Rival Hikes
Halifax, the nation’s largest mortgage lender, has announced a cut in interest rates. This bold step comes just hours after several of its competitors opted to increase their prices, marking a significant departure from the trend. While the exact details of the rate cuts have yet to be unveiled, the anticipation is building. The decision…
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New Mortgage Options Unveiled for Brits Abroad
Molo Finance has announced the introduction of a new expat buy-to-let mortgage range specifically designed for British nationals living overseas. This innovative financing option comes with competitive rates starting from 4.99%, a boon for those looking to invest in the UK property market from abroad. Building on the success of its non-resident buy-to-let mortgages rolled…
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House Prices to See a Gentle Dip, Says Lloyds Bank
Lloyds Bank has shared its latest predictions on the UK housing market. According to the banking giant, we’re in for a “more modest” tumble in house prices throughout 2024, a slight sigh of relief for many amidst economic uncertainties. Initially, in September, Lloyds Bank had forecasted a 2.4% drop in average house prices for this…
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First-time Buyers Paying 8% Less than Local Averages
First-time buyers are securing their first homes at prices around 8% below the local averages, according to the latest insights from Zoopla, a leading property portal. They are making their entry into homeownership with an average purchase price of £244,100, which is £20,300 less than the local market averages. The savings are even more pronounced…
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London’s Rental Market Shows Signs of Stabilisation
According to the latest research from leading letting agents Foxtons, the rental market in the capital has experienced a slight decrease in prices alongside an increase in property availability. This news comes as a slight relief for renters who have been dealing with the challenges of London’s rental market. Foxtons’ findings reveal a modest 1%…
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Airbnb Reveals What Average Hosts are Earning
Airbnb has shared data regarding the financial gains and demographic profiles of its UK-based hosts, highlighting the modest yet crucial income boost many are enjoying by listing their properties on the popular platform. The company underscores the importance of the additional income its platform provides to hosts, particularly during these tough economic times. The average…