Latest News
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BTL Latest Yields vs Costs
For many considering venturing into the property market, the buy-to-let option is a popular choice. But how profitable is it in today’s economic environment? Let’s break down some fresh insights from Benham and Reeves, a leading lettings agency, and see if buy-to-let is indeed worth your investment. Gross Rental Yields: A Positive Outlook Initially, things…
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Scottish Commercial Property Demand Remains Flat
The Royal Institution of Chartered Surveyors (RICS) Commercial Property Monitor paints a picture of stability for Scotland. The latest data reveals that demand from occupiers (i.e., those looking to rent or use commercial properties) hasn’t significantly shifted during the third quarter. This trend follows a similar trajectory from the previous quarter, maintaining the equilibrium of…
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Trendiest Airbnb Locations in UK this Winter
While summer getaways often promise sun-soaked beaches and exotic locales, there’s an undeniable charm to winter holidays in the UK. The feeling of fresh, crunchy frost beneath your feet, the invigorating chill in the air, and the warming embrace of festive atmospheres in towns and cities around the country make it a delightful season to…
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Airbnb’s AI Should Prevent Halloween Parties
Imagine the horror of discovering your rental property was the venue for an unsanctioned party, resulting in damage and potential reputation issues. This isn’t merely hypothetical. With COVID-19 restricting access to bars and nightclubs, some young adults turned to rented spaces as alternatives. This caused a surge in reported incidents of house parties in Airbnb-listed…
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Gove Says Healthy PRS is Critical
During the annual conference of the National Residential Landlords Association (NRLA), Michael Gove delivered a compelling speech, underscoring the significance of a thriving PRS in the broader residential property market. The timing of his address was noteworthy, given it came right after MPs deliberated on the Renters (Reform) Bill. Gove took a moment to applaud…
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Auctions are Becoming a Buyers’ Market
Property auctions have always been a dynamic aspect of the real estate market. According to the House Buyer Bureau, recent data suggests a change in the auction environment: a movement towards a buyers’ market. In simple terms, a buyers’ market arises when there are more properties available than there are people wanting to buy. This…
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House Prices to Fall 4% by Year-End
Price comparison site, Reallymoving, has projected that house prices across England and Wales will experience a decrease of 4% in the final quarter of 2023. If this forecast holds true, it implies that the average property price, which was £336,999 in the third quarter, would drop to approximately £323,594 by the end of Q4. Underlying…
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Law Society Sceptical on Renters Reform Bill
The Renters Reform Bill seeks to bring about major changes to the rental market, with the central reform being the ban on “no-fault” evictions, commonly known as Section 21 evictions. This type of eviction allows landlords to end a tenancy without giving a reason, provided they give the tenant adequate notice. The aim of the…
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London Property Sales Fall by 23% – Foxtons
Foxtons reported a 23% decrease in London’s overall residential property sales in the third quarter of 2023. This decline might raise eyebrows, especially for potential investors. However, it’s worth noting that Foxtons’ own performance during this period showed resilience and was slightly better than the general market trend. Foxtons’ Financial Performance: A Closer Look Revenue…
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TSB Increases Mortgage Rates
TSB, one of the UK’s prominent banking institutions, has recently made a strategic adjustment to its mortgage rates. Specifically: Market Comparisons Given the rate adjustments by TSB, where does the market stand now? Why the Sudden Change? In recent months, the general trend across lenders has been decreasing mortgage rates. This makes TSB’s decision somewhat…