Latest News
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The Rise of Marathon Mortgages: A New Norm for Young Homebuyers?
A notable shift has been observed in the mortgage landscape, where a growing number of young homeowners are embracing longer mortgage terms to navigate the financial demands of owning a home. Amid escalating living costs and persistently high property prices, ‘marathon mortgages’ emerge as a viable solution for many. These extended repayment plans stretching 35…
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The Rise of Warehouses: Current Commercial Property Trends in the UK
Understanding the dynamics of commercial property in the UK is imperative for potential property investors. The landscape consistently evolves, and the sectors that are currently in high demand may not be the ones you intuitively think of. Let’s have a closer look. Current High-Demand Sectors So, where exactly is the commercial property market buzzing? As…
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Stricter Short Term Let Licensing Starts in Scotland
Starting October 1, Scotland has implemented a new regulatory framework that requires all short-term accommodation owners to hold a valid license. This new piece of legislation makes it illegal to continue letting out a property without official permission. Owners failing to comply risk fines up to £2,500, marking a clear intent on the part of…
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Scotland Does Well in Prime Property Index – Savill’s
The housing scene in the UK’s prime markets has been witnessing a steady value decrease over the last year. Savills’ quarterly prime residential index reports that these markets, which represent the uppermost 5% to 10% of homes in terms of value, experienced a contraction for four consecutive quarters ending September 2023, leading to an average…
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UK Housing Market Continues Cooling
The UK property market exhibits a cooling trend, with house prices dropping across all regions for the first time since 2009. Recent data from Nationwide reveals that there has been a noticeable dip in the average house prices across all regions in the three months leading up to September, the first widespread drop observed since…
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Japan’s Property Market: The New Gold Rush for Investors
For many, Japan has always been a captivating destination renowned for its rich history, enticing cuisine, and breathtaking landscapes. Traditionally, tourists would come to immerse themselves in its culture, only to leave with memories. However, the FT reports that 2023 presents a different picture. Japan, it seems, has become a hotbed for international property investments.…
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Mortgage Approvals Fell in August
In August, a noticeable dip was observed in UK mortgage approvals, as they fell to their lowest in the past six months. According to data from the Bank of England, net mortgage approvals for house purchases went down from 49,500 in July to 45,400 in August. To provide a broader perspective, this is a decline…
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UK’s Student Housing Crisis: Affordability at the Brink
In recent years, UK students have found themselves battling on the frontline of an escalating accommodation affordability crisis. With the widening gap between student rents and maintenance loans, many are struggling to find reasonable housing within their budgets. Rising Rents and Falling Affordability A recent report by Cushman & Wakefield, a leading real estate services…
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The HS2 Northern Section: Property Bosses’ Concerns
The UK’s ambitious high-speed rail project, HS2, has been the focal point of many discussions, debates, and decisions at the heart of the nation’s government and business community. Recently, a collective of property industry leaders have fervently made their case to the government, emphasising the importance of this colossal infrastructure project, especially the northern section.…
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Manchester Top Spot for Property Bargain Hunters
If you’ve been scouting the UK for property deals, you’ve likely come across the news, analyses, and speculation surrounding the UK’s housing market trends. There’s always a lot to unpack. However, recent findings have shed light on where the savviest buyers might want to turn their attention: Manchester. A Frosty Landscape for Sellers, But Buyers…