Latest News
-
Belvoir: A Robust Choice for Property Shares?
Belvoir Group has been a significant player in the UK property market since its inception in the 1990s. The company, which found its way to the AIM (Alternative Investment Market) in 2012, has been managing rental properties with a geographical focus on the Midlands and the North. Over the years, it has seen a steady…
-
Investing in PRS REIT Amidst the Rental Property Shift
In recent years, the UK rental landscape has experienced a dramatic transformation. Notably, there has been a marked reduction in available rental properties, with an estimated 400,000 exiting the private landlord market over the past seven years. Projections indicate a continuing trend, with potentially half a million more properties to vanish by 2028. This comes…
-
Dip in Mortgage Lending Growth Predicted
The latest forecasts paint a picture of restraint and caution in the UK mortgage market. With anticipated growth sitting at a modest 1.5% in 2023 and slightly improving to 2% in 2024, we are witnessing the smallest two-year growth span in over a decade. The data, brought to light by the professionals at EY, signals…
-
Tackling the UK Housing Crisis: A New Life for Old Offices?
City centres in the UK have started to echo with an unusual quiet, especially noticeable on Friday afternoons. The once-bustling hubs of business and commerce are feeling the impact of a cultural shift towards hybrid working. In the wake of the Covid-19 pandemic, an astonishing amount of office space—equivalent to 487 football pitches—was removed from…
-
UK Commercial Property Downturn
The United Kingdom’s commercial property market is facing a potential crisis, with significant implications for investors, the economy, and the wider society. Once bustling office spaces are now at risk of severe devaluation, an issue that echoes the financial tremors of the past. As ordinary people consider investing in property, it’s crucial to understand the…
-
151,000 BTL or Holiday Homes Sold Last Year as More Landlords Quit
According to the national accountancy group UHY Hacker Young, there has been a striking exit of landlords from the UK property market. The year leading up to April 5, 2023, saw the sale of an additional 151,000 buy-to-let and holiday homes. This movement is not a sudden impulse but part of an emerging pattern that…
-
London’s Rental Market: The Rise of Build to Rent
The landscape of London’s private rental sector is evolving, and build to rent (BTR) developments are at the heart of this transformation. Get Living, a pioneering company based in Southwark, celebrates a decade since its inception, which has significantly influenced London’s rental market. The company took root in the former Athletes’ Village at the Olympic…
-
Mortgage Bills may not Fall for a Year
In a move that brought a collective sigh of relief from homeowners and those in the market to buy, the Bank of England has opted not to raise interest rates for a second consecutive time. With inflation showing signs of a decrease, the interest rates currently stand at 5.25 percent. This decision by the Monetary…
-
Protect Your Rental Assets: Understanding Landlord Insurance
If you’re venturing into the buy-to-let market or you’re an established landlord, it’s crucial to protect your investment from the unexpected. Landlord insurance can provide that safety net, allowing you to rent out properties with peace of mind. In this comprehensive guide, we’ll break down what landlord insurance typically covers, its costs, and spotlight some…
-
Lenders’ Caution: Six Red Flags for Mortgage Applicants
While affordability guidelines are designed to prevent over-borrowing, Leeds Building Society highlights that first-time buyers are still cautious at the moment, a sentiment echoed by the latest data from the Bank of England showing a decline in mortgage approvals. If you’re one of the people who is still looking to get a mortgage, here’s something…