Latest News
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Mapped – the Japanese Knotweed Threat to UK Properties
For a more convenient way of detecting the presence of this Japanese Knotweed, an interactive heat map tool has been introduced. This map allows potential investors to directly input their postcode to gauge the number of confirmed knotweed sightings within a 4km radius of any property they might be interested in buying. The map also…
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Bristol Rents Inflate by 41%
Based on a study carried out by Zero Deposit, a financial service firm, Bristol residents have experienced a drastic increase in rent prices since 2018. Today, they are paying a staggering 41% more compared to five years ago. The research focused on rent changes throughout England and discovered that the cost of renting in Bristol…
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The impact on property investors of HS2 Northern Leg Cancellation
UK Chancellor Rishi Sunak has announced a pivotal modification to the HS2 rail project, which, with the exception of the link from London Euston to Birmingham already under construction, will no longer proceed. This decision has raised significant questions about the implications for homeowners, businesses, and potential property investors. PropertyWire canvassed the opinions of several…
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The Looming Financial Strain on Help to Buy Homeowners
The “Help to Buy” scheme from the UK government might be a ticking economic time bomb waiting to explode. This analysis comes from Benham and Reeves, a London-based estate agency at the centre of the UK property market. A Brief Overview of “Help to Buy” Scheme If you’re new to the property sector in the…
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Historic Surge in Rent Prices
Rents in Great Britain have surged to unprecedented levels, recording a significant increase of 10% over the past 12 months. This has been largely attributed to a cocktail of supply shortages combined with rising mortgage rates. Let’s break down the numbers: Why Are Rent Prices Skyrocketing? One of the chief culprits behind this sharp incline…
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How Far are Househunters Willing to Move?
Most of us are creatures of habit. Naturally, when considering a change of address, we tend to gravitate towards familiar territories—locales that we know and have an affinity for. However, broadening the horizons of our search can open up a treasure trove of opportunities, potentially leading to more affordable housing or even a chance to…
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Prime London Property Outperforms the Rest
According to the Q3 prime market index by Savills, prime London markets are standing strong against rising interest rates, outpacing the mainstream markets. How do the numbers stack up? To put this into perspective, the UK mainstream market experienced a more significant decline of -5.3% in the year leading up to August, as reported by…
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Zoopla Reports Rents Rising by 10%
According to Zoopla’s latest report, the average rent for a new tenancy has surged by a staggering 10.3% over the past year. When translated into monthly figures, renters are now shelling out an average of £1,164. That’s an annual increase of £1,320 compared to September 2022 figures. The Supply-Demand Equation The primary catalyst for this…
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State of The Rental Market, September 2023
Despite a month of relative stability, the dynamics of the property rental markets has seen some remarkable shifts, particularly in London and the South East of England where rental costs reached all-time highs in September 2023. At the same time, despite the overall steadiness, a drop in average salaries of tenants has been observed. Stabilised…
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Propertymark’s Reaction to House Price Falls
In a move that has taken some by surprise, Propertymark, a major name in the industry, has expressed cautious optimism about the recent 5.3% drop in UK house prices over the year leading up to September. Their viewpoint offers a glimmer of hope to those aspiring to climb or step onto the property ladder. This…