Latest News
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6 London Areas Where House Prices Rose Last Year
Last year, London felt the brunt of the UK’s economic shifts more than any other region. A staggering 27 of its 33 local authority areas saw house prices fall, a stark contrast to the overall UK trend. On average, London homes lost 5.2% of their value, a decline that translated to nearly £27,674 off the…
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Getting Into Property Investment Without Being a Landlord
Recent years have seen a significant shift in the property investment world. The dream of owning buy-to-let properties has become less appealing for many, thanks to skyrocketing borrowing costs and a thickening web of regulations. However, this doesn’t mean that the road to building wealth through property is closed. In fact, there’s a silver lining…
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The Latest on UK Mortgage Rates, February 20th 2024
Recent trends have shown a halt in the previous downward trajectory of mortgage rates. Some lenders have nudged their fixed-rate deals upwards. The average rate for a two-year fixed mortgage has crept up to 5.59% from 5.55%, while the five-year fixed deal saw a slight increase to 5.11% from 5.09%, as reported by Uswitch. This…
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Single Family Housing Grows in Demand
Savills has unveiled a report emphasising the growing interest in single-family housing (SFH) within the Build to Rent sector. This comprehensive study, a collaborative effort led by Dr. Jacqui Daly, Guy Whittaker, Alistair Walters, and Corranne Wheeler from Savills Research & Consultancy, sheds light on the shifting dynamics of the rental market, offering an insightful…
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UK Housing Market Bounces Back to Life
Average asking prices have surged for the second consecutive month, signaling a robust comeback for buyers eager to dip their toes back into the real estate waters. According to the latest data from Rightmove, property prices are marching forward, with average asking prices jumping by 0.9% this month to £362,839. This isn’t a standalone event;…
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New Rules Could Shake Up Short-Let Market
Michael Gove, the UK’s Housing Secretary, has unveiled proposals that could transform the way short-term rentals, like those found on Airbnb, operate. This move aims to bring more regulation to the burgeoning short-term let market, addressing growing concerns over the impact of such rentals on local communities and housing availability. A New Era for Short-Term…
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London’s Rental Market Springs Back to Life
The London rental market is buzzing with activity as we kick off 2024, showing signs of a more balanced and accessible market for renters and investors alike. With a significant increase in the number of rental properties available and a slight dip in rental prices, here’s everything you need to know about the current state…
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Unlocking Extra Space in Your Home with Mezzanines
In the quest for more living space within the confines of our existing homes, many of us hit the familiar roadblocks of limited outdoor space for expansions or the high costs associated with digging out basements. But what if the solution isn’t around you or below you, but above? The Magic of Mezzanines For those…
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Mortgage Costs on the Rise Amid Economic Shake-Up
Mortgage costs are on an upward trajectory as banks brace for a period of prolonged high interest rates, leaving millions of homeowners facing steeper bills. This development comes at a time when economic uncertainty looms large, casting a shadow over the financial market and complicating the path forward for those looking to secure or renew…
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Greater Manchester’s Most Affordable Homes in 2024
With the average UK home now reaching a daunting £291,030, according to the latest figures from Halifax, many prospective homeowners are left wondering if their dream of property ownership is just that—a dream. However, there’s good news for those looking to buy in Greater Manchester this year. An exclusive analysis by the Manchester Evening News,…