Latest News
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Property Market Potential – REITs with Growth Promise
Recently, real estate investment trusts (REITs) have caught the eye of market analysts, hinting at significant growth potential. REITs have experienced a significant drop in share prices, plummeting by 35% since the start of 2022. This decline, driven by a challenging economic outlook, positions REITs as potentially undervalued investments ripe for picking. The current low…
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Garage Conversion – Transform Your Home’s Value
A new study has revealed a golden opportunity for property investors and homeowners: converting your garage can significantly boost your property’s value! Top of the list? Turning your garage into an extra bedroom. This simple change can increase your home’s value by a whopping £77,526 on average. After accounting for the costs, you’re looking at…
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Prime London Homes – UHNW Buyers Set for 2024 Property Hunt
The closing months of 2023 saw a noticeable dip in the enthusiasm of ultra-high-net-worth (UHNW) individuals seeking London’s most prestigious properties. This trend was driven by a general sense of uncertainty, leading to a ‘lack of urgency’ in property transactions, especially during the typically busy Christmas period. Jo Eccles, a leading figure in the super-prime…
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Family Building Society Slashes Rates for Homeowners and Landlords
Family Building Society (Family BS) has announced sweeping reductions in their mortgage rates, impacting both residential and buy-to-let customers. Family BS has decreased the rates for its fixed-rate mortgages, affecting both two-year and five-year plans. This change spans across both interest-only and capital repayment options. Specifically: The new rates are as follows: Changes in Buy-to-Let…
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UK Property Stocks – Goldman Sachs Drops Short-Selling Advice
In a significant shift, Goldman Sachs, a leading investment bank, has changed its tune regarding the UK real estate market. Goldman Sachs previously advised investors to ‘short’ UK real estate stocks, which means they were betting on these stocks losing value. However, they’ve now stopped this recommendation. Why? They believe the UK housing market is…
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Skipton Announces Rate Cuts and Higher LTV Offers
In a move that spells good news for aspiring homeowners and property investors, Skipton Building Society has announced significant changes to its mortgage offerings. Starting from 12 December, the mutual lender is set to reduce rates on a range of mortgages, making it more affordable for people to buy homes or invest in property. Skipton…
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Millennials May Rent into Retirement
A recent report from Hamptons estate agency has shed light on a somewhat unsettling trend for millennials in the UK: many of those who haven’t bought a home yet are likely to be renting well into their retirement years. Millennials, currently around 35 years old, form nearly half of Britain’s rental market. This age group,…
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December Sees £7,000 Drop in Asking Prices
The average asking price for homes across the UK has seen a significant decrease, dipping by nearly £7,000. The latest data from Rightmove reveals a 1.9% month-on-month decrease in the average asking price for new sellers, now standing at £355,177. This reduction is not just a minor fluctuation but a substantial £6,966 less compared to…
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Homes Take Longer to Sell in 2023
The latest data from Zoopla has revealed some interesting trends in the UK housing market. One of the key findings is that properties are taking longer to sell this year. The average time a property stays on the market has increased from 25 days in 2022 to 34 days in 2023. This could be a…
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Buy-to-Let Loans Slump by Over Half
2023 is shaping up to be a challenging year for UK’s property investors, especially those in the buy-to-let sector. According to figures from UK Finance, a leading trade body, the value of new buy-to-let lending is expected to plummet by a staggering 53%. This forecast highlights a significant shift in investor sentiment, as more and…