Latest News
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REITs and Rental Income
After a potential end to the Bank of England’s two-year rate-hiking cycle, REITs are looking at brighter days ahead. The potential halt in rate increments suggests commercial property valuations could witness an upswing. This positive development has come at an opportune moment, given the looming cloud of weak economic growth that could adversely affect rental…
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UK Property Shares Face Uncertainty
Shares of four prominent property companies in the UK experienced a downturn after investment bank Jefferies adjusted their ratings. The bank based its decision on predictions that office rents in London are on the brink of recession. Here’s a snapshot of the affected companies: Scepticism Surrounding Rents and Occupancy The negative stance on office rent…
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Green Home Upgrades: The Key to Boosting UK Property Value?
Property sellers in the UK are more conscientious than ever about the environmental efficiency of their homes. Recent research has shown a significant trend among homeowners, considering energy-efficient upgrades to add value to their properties. But what’s driving this trend, and how does it tie into the broader landscape of the UK’s property market and…
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How UK Homeowners Are Adapting to Higher Mortgages
A fresh survey conducted by KPMG shines a spotlight on the evolving strategies of over 1,000 mortgage holders. Faced with rising monthly costs, many homeowners are re-evaluating their financial situation, taking steps to reduce their debt and make their mortgage payments more manageable. Tapping into Savings Approximately 18% of the survey participants have already utilised…
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Homebuyers Negotiating 4% Discounts – Zoopla
For the first time in ten years, UK property prices have seen a dip, decreasing by 0.5% over the past year. This is significant, as for the past decade, the trend was upwards. The reasons for this change are multifaceted and are influenced by various economic and societal factors. Buyers Securing Discounts The prevailing conditions…
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KPMG Predicts 10% Dip in House Prices
KPMG’s Economic Outlook report for September 2023 provides a comprehensive insight into what lies ahead. Here’s a thorough analysis of the report, breaking down the key takeaways for anyone looking to make informed decisions in the UK property market. A Slowdown Beckons The report shows the UK economy exhibiting “renewed signs of stress” and predicts…
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Young Couples Prioritising Property Over Parenthood
The quintessential British dream of homeownership continues to live on. However, with rising property prices and increasing living costs, achieving this dream is becoming more challenging for many. Young couples, hopeful of a future with a home of their own, are now making some heart-rending decisions, prioritising bricks over babies and mortgages over marriages. The…
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A Golden Opportunity for Equity-rich Landlords?
Tom Young, associate director at the Hampshire accountancy firm HWB, presents a captivating perspective. There’s a silver lining amid the clouded market conditions: cut-price properties are catching the eyes of investment buyers. For those landlords fortunate enough to possess equity, the tumultuous property climate might offer a unique opportunity. These individuals have the financial backbone…
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Phil Spencer’s Property Wisdom: Triumphs and Traps
Property enthusiast Phil Spencer, well-known for presenting UK’s favourite property TV shows such as Location, Location, Location and Love It or List it alongside Kirstie Allsopp, has dabbled in property dealings for over two decades. Drawing on a vast well of experience, he talked to The Telegraph about the highs and lows of his property…
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Westminster’s Airbnb Challenge
Westminster Council, located at the heart of London, has again voiced its concerns about the surge in short-term lets. According to recent reports, from January to July of this year, an astonishing 11,800 properties were listed on Airbnb within this borough alone. This figure makes Westminster the top borough in London in terms of Airbnb…