Latest News
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House Buyers are “Hypersensitive on Price”
Buyers in today’s market are discerning. The recent OnTheMarket Property Sentiment Index highlights a remarkable shift in buyer behavior. Evidently, buyers are extremely attuned to pricing. This isn’t surprising, especially given the economic backdrop. With an impressive 14 consecutive interest rate hikes and growing concerns about living expenses, potential homeowners are treading with caution. To…
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House Prices Still Rising in Some Areas
Although recent data indicates a national downward trend in house prices, the devil, as they say, is in the details. Nationwide and Halifax, two leading mortgage lenders, have reported that property values have decreased by 5.3% and 4.6% respectively since their peak last summer. However, official figures from the ONS / Land Registry, based on…
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Rethinking Property Income: Smart Alternatives for Buy-to-Let Landlords
For those who’ve taken the leap from buy-to-let property investments, diversifying your portfolio and understanding your new financial landscape is crucial. Investor’s Chronicle has published a guide to replace and possibly even enhance the income you once derived from rental properties. The New Landscape of Property Investments Why Landlords are Moving On A surge in…
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UK Landlords Seek Green Properties
In recent times, the UK property market has witnessed a significant shift in landlord preferences regarding property energy efficiency. This shift primarily concerns the Energy Performance Certificate (EPC) rating, which plays a pivotal role in determining the energy efficiency of properties. If you’re an investor or someone merely interested in the property market, here’s a…
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A Rising Tide: The London Rental Surge
According to renowned estate agency, Foxtons, there has been a notable uptick in the London rental scene. Last month, tenants witnessed an 11% hike in average weekly rents compared to the same period in 2022. This elevation in rental prices has been consistent for three consecutive months, with minor fluctuations since June. Such trends might…
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BTL Lenders Requiring More Guarantees
For those considering investing in property via a limited company structure, there’s a new trend that’s been emerging in the UK: Lenders are increasingly requiring more substantial personal guarantees for buy-to-let landlords. The Shift in Lenders’ Requirements Landlords who opt for buy-to-let mortgages under a limited company structure have always been subjected to certain conditions.…
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Rightmove House Price Report – Industry Reactions
Recent findings from Rightmove have shown that vendors (those selling properties) are cutting their asking prices at the quickest pace we’ve seen in over ten years. This action is a response to the sharp rise in interest rates, which has weakened the property demand this summer. Of the homes currently listed on the market: Voices…
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More Sellers are Cutting Asking Prices
In the UK, the rate at which house sellers are reducing their asking prices has hit its quickest pace in over a decade. According to Rightmove, the property listing site, the proportion of homes receiving at least one price reduction has soared to its highest since January 2011. The numbers? A significant 36% of homes…
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UK’s Spiralling Rents Continue
August saw residential rents skyrocketing by an average of 12% across the UK. Estate agent Hamptons, a renowned name in the property market, has identified this as the most significant annual increase since they began collating this data in 2014. London’s Skyrocketing Rental Market Londoners felt the brunt of this escalation even more acutely. Rents…
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Another Rate Rise Predicted, but it May be the Last?
Interest rates set by central banks like the BoE play a significant role in determining the cost of borrowing for businesses, governments, and ordinary people. Recently, the BoE has been on a spree, adjusting the rates frequently. The Bank of England is preparing, yet again, to make an upward adjustment to the interest rates. If…