Latest News
-
HMO Buy-to-Let Still a Popular Choice
According to a recent survey conducted by Sourced Franchise, the majority of UK property investors remain confident in the value and performance of their portfolios. The research revealed that 71% of investors have not experienced a decline in the value of their portfolios since the Bank of England began raising interest rates in December 2021.…
-
Reuters Poll Predicts More Interest Rate Rises
According to a recent poll conducted by Reuters, the Bank of England (BoE) is expected to raise its Bank Rate to 5.50% on September 21. However, a significant minority of economists still believe that rates may go even higher this year. What’s Happening? The Bank of England (BoE) is expected to raise its primary interest…
-
Former Love Island Star, Dr. Alex George, Earns £5K Daily from Property Business
Love Island star Dr Alex George has been making an impressive £5,000 per day since launching his property empire as a side business. The 32-year-old reality star, who gained fame in the ITV2 show in 2018, is now worth £2 million thanks to his successful venture. Alex established Newgale Property in late 2021, working in…
-
More Landlords Selling Properties With Tenants in Situ
A growing number of buy-to-let landlords in the UK are choosing to sell their investment properties while tenants are still living in them, due to an increasing number of property investors leaving the market. According to recent data, there are currently 12,518 properties listed for sale with tenants in-situ. Of these properties, 20% (2,545) are…
-
Change in Rental Yields
The yield of a property is a crucial figure for landlords as it indicates the return on their investment. It can be used to track the performance of the property over time and compare it with other buy-to-let properties and market averages, as well as other forms of financial investment. Yields tend to vary based…
-
Scottish Housing Market Still Strong
According to research conducted by estate agent DJ Alexander, the Scottish property market remains buoyant despite rising mortgage rates. The number of properties advertised for sale has increased significantly in various parts of Scotland. In Inverness, the number of homes for sale has risen by 83% year-on-year in August, while Dundee has seen an increase…
-
Increase in Homes to Rent
The UK rental market is experiencing a shift as more homes are being offered for rent rather than for sale. This trend is driven by homeowners who are unable to sell their properties at their desired prices. Over the past two years, rental prices have increased by almost 10%, creating a situation where the demand…
-
UK Developers Facing Rising Costs
UK property developers are facing challenges due to rising costs of labor and materials, leading many to rethink their strategies, according to a study by Shawbrook. Over the past year, developers have made changes in building materials (40%) and have built or plan to build different types of properties (39%). Residential housing developers are particularly…
-
Nationwide and Santander Cut Mortgage Rates
Nationwide Building Society and Santander have announced mortgage rate cuts, with other lenders potentially set to follow suit. Nationwide is cutting rates by up to 0.4% on its fixed mortgage products for new customers moving home, first-time buyers and remortgaging customers. Santander, which has already reduced rates by up to 0.29% in the past week,…
-
Exchanged Property Prices are Still Rising
According to data from TwentyEA, property prices for exchanged properties have risen by an average of 3.8% over the past year and 22% since 2019, with a compound annual growth rate (CAGR) of 4% per annum. This indicates a consistent upward trend in property values. The gap between initial asking prices and exchanged prices has…