Latest News
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Could Mortgage Rates Dip Below 4% in 2023?
A recent drop in inflation has led to speculations about the future of mortgage rates, especially with the Bank of England’s previous aggressive interest rate hikes in response to soaring inflation. In a surprising turn of events, the UK’s annual inflation rate decreased to 4.6% in October, down from 6.7% in September. This significant reduction…
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How Short Term Lets Could Change the London Rental Market
Recent studies by housing data specialist Propalt reveal a substantial shift from long-term rentals to short-term, Airbnb-style lettings. Analysis of over 2,800 short-term lets in London over the past three years showed that more than a fifth of these properties were previously available for long-term tenancy. Propalt predicts that as tenancies expire, these properties are…
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Knight Frank’s Housing Market Outlook
Knight Frank, a prominent estate agency, recently shared insights that paint a complex picture of the current state of the UK housing market. Their analysis indicates an improving lending outlook for the housing market. However, they caution that there are still significant psychological milestones to navigate. This year, the usual autumn boost in property activity…
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UK Housebuilding’s Struggle and Recovery Outlook
The UK housing market is currently navigating through a challenging phase, with the residential development sector facing a particularly tough time. Amidst concerns over interest rates, market conditions, and government policies, industry experts and companies are bracing for a period of survival and cautious recovery. An article at Building.co.uk covers the various aspects of the…
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Barclays Offers Remortgages Under 5%
Barclays has recently introduced a two-year fixed-rate mortgage deal with an interest rate below 5% – a first in recent months. This offer, set at 4.98% with a £999 fee, is available for homeowners with at least 40% equity. This strategic move by Barclays is not only beneficial for homeowners looking to remortgage but also…
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Disagreement Over When BoE Could Cut Rates
There has been a strong divergence in opinions between Goldman Sachs, a leading global investment bank, and the Bank of England (BoE) regarding the trajectory of interest rates in the UK. Goldman Sachs vs. Bank of England: Differing Forecasts Goldman Sachs, a prominent Wall Street bank, has suggested that interest rates in the UK could…
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Is Landlord Confidence Bouncing Back?
A recent report highlights a significant shift in landlord confidence, influenced by various factors such as tenant demand, government policies, and market trends. This article aims to provide a comprehensive and accessible overview of these developments. The latest Q3 2023 research report from BVA BDRC Landlord Panel indicates a growing optimism among landlords. This surge…
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Scottish Property – A Beacon of Stability
Scotland’s property market is showing remarkable resilience and growth, setting it apart from the rest of the United Kingdom. According to DJ Alexander, a leading real estate agency, Scotland has emerged as an outlier in the UK property market, displaying impressive stability and upward price trends despite the prevailing economic headwinds. Record-Breaking House Prices in…
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UK Landlords and Eco-Friendly Property Upgrades
A recent study spearheaded by British Gas has shed light on the attitudes and challenges faced by landlords in the private rental sector concerning the greening of their properties. The study reveals a significant consensus among landlords regarding the necessity for environmental upgrades. A striking 81% of landlords acknowledge that their properties could benefit from…
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Low Supply of “Bills Included” Rental Properties
A recent study reveals a significant gap between what tenants want and what the rental market currently offers. The study conducted by Zero Deposit involved a survey of over 2,400 tenants. The findings were clear: a majority of 55% expressed a preference for rentals where utility bills are included in the rent. This preference is…