Latest News
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Why Property Tycoons Are Exploring Unconventional Investments
In today’s unpredictable property market, discerning investors are pivoting towards unique and potentially lucrative sectors, hoping to find the next big opportunity, according to the FT. Vivek Oberoi, a renowned Bollywood film star aged 47, showcases this unconventional investment trend. Oberoi, combining personal capital with funds from other affluent Indians, is on a journey to…
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More Mortgage Lenders Slash Rates in Ongoing Price War
The UK’s property market is witnessing an intense competition among mortgage lenders, with major players like Santander and Skipton making significant cuts to their mortgage rates. This move, seen by many as a reflection of the ongoing price war in the mortgage industry, is great news for prospective buyers and investors. It indicates more affordable…
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Phil Spencer’s Advice for Landlords in Crisis
Phil Spencer, known for his prominent role in the UK’s favourite property shows like “Location, Location, Location,” and his extensive experience in property buying, selling, and landlordship, offers a unique perspective on the trials and tribulations facing landlords today in today’s Telegraph. His journey in property investment is not just about short-term gains; it’s a…
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Where Are Interest Rates Heading?
Experts believe the Bank of England is likely to reduce the base rate to approximately 3% by the end of 2025, a significant drop from the current 5.25%. Although this indicates a downward trend, it doesn’t translate to an immediate or drastic reduction. Since December 2021, there has been a consistent rise in the base…
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Put Your House on the Market This Week if You Want to Sell by Christmas
Want your house sale agreed upon before December 25th? Well, the clock is ticking, and it’s crucial to act promptly. A top property website emphasizes the necessity for sellers to list their properties immediately if they’re aiming for a pre-Christmas sale. In a detailed analysis by The Homeowners Alliance, based on property sales data over…
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HMO Investments – High Costs but High Returns?
While traditional residential properties remain a popular choice, Houses in Multiple Occupation (HMOs) have emerged as a compelling investment strategy, offering superior yields despite higher initial costs. What is an HMO? An HMO, or House in Multiple Occupation, is a property rented out by at least three people who are not from one ‘household’ (e.g.,…
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Airbnb Teams Up With Klarna to Offer Payment Options
Airbnb has launched “Pay Over Time,” an option that collaborates with Klarna, allowing guests to distribute the cost of their accommodation over a period, rather than paying in one lump sum. This feature, part of a gradual worldwide introduction, is being introduced in twenty countries across three continents, including Ireland, by the start of 2024.…
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Northern Appeal: London Landlords Migrate for Higher Profits
For years, London stood as the cornerstone of property investment in the UK. However, recent trends indicate a significant change in the property landscape. An overwhelming majority of London-based landlords—around two-thirds, to be precise—who ventured into new property investments this year have turned their eyes away from the capital. Instead, they’re exploring the rich potentials…
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Top Cities for First-Time Buyers in the UK
Aldermore Bank have launched their 2023 “Appeal Index” to evaluate which cities are best for first time buyers. It evaluates cities across the UK using 10 indicators split between two main categories: property and lifestyle. In an impressive show of consistency, Scottish cities, particularly Glasgow, have maintained their top positions on the Appeal Index. They’ve…
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USA 8% Mortgage Rate Spike
Recent data has ushered in a bit of a shockwave through the US housing market: the average interest rate on the conventional 30-year fixed-rate home loan has catapulted to 8%, a figure last witnessed in 2000. This significant uptick in mortgage rates influences the overall cost of borrowing money to buy a house or apartment,…