Latest News
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Britons facing 60% property tax increase in France
Britons with second homes in France may choke on their croissants when they are hit with their latest property tax bill in the coming weeks. The French government is ramping up property taxes for owners of holiday homes in popular tourist areas. If you’re a Brit with a second home in France, you may soon…
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Rents Reach Another All-Time High in August
Average rents in the UK have hit a record high, according to the latest rental index from HomeLet. The buy-to-let market in the UK can be a lucrative venture for those looking to invest in property. However, staying up to date with the latest trends and data is key to making informed decisions. Recent findings…
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New York Restricts Airbnb
The trend of restrictions on Airbnb rentals continues in the US. The popular home-sharing company has had to halt certain reservations in New York City due to new regulations on short-term rentals. These rules aim to put an end to the practice of landlords and residents renting out their apartments for short stays, which has…
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House-Flipping Guide Updated
Lovemoney have updated their introduction to house-flipping. House flipping, the practice of buying a rundown property, renovating it, and selling it for a profit, has remained popular even during the Covid-19 pandemic. In fact, research by estate agent Hamptons International has shown that 19,000 properties have been flipped during this time. The average difference between…
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Converting Commercial Property to Residential
Converting commercial property to residential spaces has become a popular trend in recent years. This not only helps make use of empty buildings but also revitalizes urban areas, transforming towns and cities. In addition to the positive impact on the community, these conversions can also be financially rewarding for developers. By turning a commercial property…
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It’s Getting Cheaper to Build vs Buy a House
Buying a property in the UK has become significantly more expensive compared to the cost of building one, according to research conducted by Searchland. The study compared the basic costs of construction, including labor and materials, to the prices of new builds. The findings revealed a substantial difference, with the average cost of constructing a…
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North Devon Looks to Limit Airbnbs
The North Devon District Council in the UK has proposed a rule change to prevent multi-occupancy homes from being rented out as Airbnbs. The goal is to ensure that residents in the area can find suitable accommodation. The council’s strategy and resources committee has agreed on this decision, although there is a split on whether…
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Mortgage Rate Cuts Expected This Week
Potential property investors in the UK may soon benefit from reduced mortgage borrowing rates. Many of the country’s major lenders, including Lloyds Banking Group, Barclays, Nationwide, and Santander, are expected to announce rate cuts this week. The move comes as the property market faces a challenging environment, with subdued home buying activity. The recent rate…
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London’s Record-Breaking Rents
Rents in London have reached record-breaking levels, surpassing those in other parts of the UK and even outpacing many European capitals. In fact, property agents Savills report that London rents increased by a significant 20% between March 2020 and May 2023. The median cost of a studio in Greater London now stands at £1,275 per…
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London Has Most Postcodes with “Riskiest Mortgages”
London continues to dominate the property market, with a recent analysis revealing that 19 out of the 20 postcodes with the riskiest mortgages in the UK are located in the capital. The analysis conducted by Mazars highlights the concentration of highly leveraged loans in London, particularly in South West London where five postcodes top the…