Latest News
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Your House Price has Fallen More Than You Realise
According to estimation, house prices have recently been witnessing a decrease, with approximately a 5% drop since the peak last year. However, as The Telegraph points out, inflation needs to be reckoned with. Analyses that factor in inflation indicate that property prices might have actually fallen by a staggering 14.5%, as suggested by research consultancy…
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Airbnb is Harnessing AI to Mitigate Party Risks
Airbnb, whose firm anti-party stance is well-known, recently revealed a significant step in its bid to oust disruptive parties from its platform. In a Bloomberg report, Airbnb’s CEO Brian Chesky disclosed that the company has started using AI to predict which guests are inclined to host house parties. This component has become crucial in their…
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Market Financial Solutions Introduces New Buy-to-Let Mortgages
Market Financial Solutions (MFS) has released a range of competitive-rate buy-to-let mortgages which could be of interest to those considering investment in the UK property market. These mortgages come with tracker rates as low as 0.25% above the base rate. Offering Lower Interest Rates These new buy-to-let mortgages are introduced with tracker rates starting from…
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Experts React to Latest House Price Index
The latest house price index data from Nationwide highlights some of the critical developments shaping the market and provides insight for both prospective investors and regular property buyers. Property Industry Eye got the reactions of some industry experts. A Snapshot of The Current Market September saw a noticeable decline in UK house prices, as reported…
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Will Mortgage Rates Keep Falling?
In the past week, we have continued to see lenders slashing mortgage rates at a rapid pace, with several recognisable high street names even offering deals below the 5 per cent mark. This downward trend is excellent news for budding property investors as the potential for saving substantial money long-term on a mortgage has greatly…
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The Pace of Decline in London House Prices Eases Off
Although London housing prices are continuing to fall, recent data from Nationwide indicates a slight turn in the tides with the rate of decline having slowed down. This offers a glimmer of hope for potential investors, despite complicated conditions involving inflation, interest rates, and other economic indicators. The Picture in Numbers Nationwide’s House Price Index…
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Is Adding Water Features to Your Home Worth It?
Adding water features to your home, such as a pool, pond, or fountains, can create a tranquil and luxurious living experience. Even if you don’t have the budget for extravagant projects like former Prime Minister Boris Johnson’s swimming pool, there are still options available that can enhance your property. The Daily Mail looked at the…
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Fleet Mortgages’ New Rate Cuts
The specialist buy-to-let lender Fleet Mortgages has unveiled reductions in rates on all their five-year fixed-rate products across their key ranges, namely, standard, limited company, and HMO/multi-unit block. Taking a deep dive into the specifics of these adjustment finds rate cuts across different areas of borrowing. For Standard and Limited Company Borrowers: For HMO/Multi-Unit Block…
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Bristol Leads in Buyer Demand
Recent findings from the homebuyer demand index by GetAgent.co.uk, an estate agent comparison site, reveal that Bristol sits at the top when it comes to locations sought-after by homebuyers in England. This index tracks the percentage of listed homes that are either “Sold Subject To Contract” (SSTC) or marked as “under offer” – a key…
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Knight Frank Predicts 7% Drop in House Prices
According to Knight Frank’s latest forecast, the UK housing market is expected to undergo some turbulence before witnessing an eventual recovery. While earlier forecasts predicted a 5% fall in UK house prices for 2023, recent updates have adjusted this prediction to a 7% drop. Further, a 4% decline is anticipated for 2024. But there’s light…