Latest News
-
Rental Demand Grows Fastest in London and East Midlands
A recent study conducted by Paragon Bank has revealed that both outer London and the East Midlands are experiencing a surge in tenant demand. In outer London, 91% of landlords reported an increase in tenant demand, with 67% describing the growth as significant. Similarly, in the East Midlands, 86% of landlords noted a rise in…
-
House Prices Fall, But Mortgage Costs Rise
According to recent data from Halifax, house prices in the UK have become less expensive relative to average earnings. The cost of a typical home is now 6.7 times average earnings, down from a peak of 7.3 times last summer. This decline in house prices, combined with strong wage growth, has resulted in a decrease…
-
Airbnbs Could Be Reduced by 80% in Edinburgh
A new licensing scheme for short-term rentals in Edinburgh could result in an 80% reduction in properties available on platforms such as Airbnb, according to a report prepared for the City of Edinburgh Council. The scheme, introduced by the Scottish Government, requires hosts to display energy performance ratings, have adequate insurance, and comply with various…
-
Scotland Could Suffer Worst House Price Dip
According to economists at Oxford Economics, Scotland is expected to experience the sharpest decline in house prices compared to any other region in the UK. They predict that property values in Scotland will fall by 15.7% from their peak in 2021 until 2025. Wales is also expected to see a significant drop in prices, with…
-
London House Affordability – Boroughs Compared
The Evening Standard has published a table comparing how affordable house prices are in each London Borough. According to new analysis from the Halifax House Price Index, the majority of London boroughs have become slightly more affordable for house-buyers due to a dampened housing market and rising wages. Almost all areas across the capital have…
-
USA – the 3 Top Performing Mortgage REITs
Yahoo Finance discusses three US mortgage real estate investment trusts (mREITs) that have been the best-performing in the past year. mREITs are a subsector of real estate investment trusts that invest in mortgages and mortgage-backed securities (MBS) to generate income from interest payments. These securities include home loans and real estate debt purchased from banks.…
-
The Growth of Branded Residences
The branded residences sector is thriving, with a predicted growth rate of 55% between now and 2026, according to a report by Knight Frank. Branded property refers to a partnership between a brand and a developer that results in residences being sold to buyers. Examples include schemes by hotel groups such as The Four Seasons,…
-
Property vs Other Investments
In the current uncertain economic climate, many people are finding it difficult to decide where to invest their money. The investment landscape is shaky. Stock markets are unpredictable, property prices have taken a dip, and inflation is eating into savings. The Numbers Expert Opinions In the Daily Mail, six experts weighed in on where they’d…
-
London House Prices – 5 Trends from the Data
The housing market in the UK has seen some interesting trends in recent months, with both renting and buying markets experiencing fluctuations. City AM spoke to several experts on the London market and got five key takeaways from the latest data: What’s Next? In essence, the housing market in the UK is currently a bit…
-
What Does the 18-Year Cycle Predict for House Prices?
According to Fred Harrison, a British author and economic commentator, the 18-year property cycle can accurately predict the next house price crash. The theory suggests that there is a pattern of property price ups and downs that repeats itself every 18 years. Harrison accurately predicted the housing market crashes in the early 1990s and 2008…