Latest News
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“Staging” is Helping to Sell Prime Properties
The current sluggish property market in the UK has led to an increase in demand for American-style property stagers by wealthy homeowners. Property staging, a popular practice in the US showcased in shows like Selling Sunset, involves dressing up houses with fashionable furniture, artwork, and soft furnishings to attract buyers quickly. While this phenomenon is…
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Could the UK Learn From the Danish Property System?
An article in The Telegraph discusses the differences between the property buying process in the UK and Denmark, arguing that the UK’s system is in need of reform. The author presents two case studies: Sarah from Denmark who was able to complete the purchase of her flat within weeks, and Rory from the UK who…
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It’s Now Cheaper to Rent Than Buy – Zoopla
According to a report by property website Zoopla, it is now cheaper to rent a home in the UK than to buy one for the first time since 2010. The average monthly rent in the country is £1,163, while the average monthly mortgage repayment for first-time buyers with a 15% deposit is £1,285. The worst…
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House Viewings Down Compared to Last Year
The housing market in the UK is experiencing a significant slowdown, with the number of house viewings plummeting compared to last year. According to Propertymark, the average number of viewings per property has fallen by 98% compared to August 2022. In July, there were only 1.5 viewings per available property, compared to 3 viewings per…
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Burglary Hotspots in the UK
According to recent data from home security specialists ADT, there were 191,094 residential burglaries in England and Wales last year, a 1.8% increase from the previous year. This translates to almost 524 burglaries occurring every day. ADT has identified the UK’s top burglary hotspots and also highlighted the most commonly stolen items in home burglaries.…
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Housebuilders’ Shares Fall
UK housebuilders’ shares have fallen after a profit warning from Crest Nicholson and data revealing the fastest drop in asking prices in five years. Taylor Wimpey led the FTSE 100 fallers, down 3%, while Persimmon, Berkeley, and Barratt were down about 2%, and Rightmove fell 1%. Crest Nicholson, which warned that it expected to make…
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Student Rents Rise 30% This Year
According to the NatWest student living index, student rents in the UK have increased by 30% in the past year, pushing the national average monthly rent to £591. Unsurprisingly, London remains the most expensive city for student rents, with an average cost of £840. The index takes into account living costs and student income to…
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Prime Property in the Lakes is Defying the Slump
The Lake District in the UK is experiencing a surge in demand for premium properties, defying the overall slump in house prices. The Lake District, known for its picturesque landscapes and outdoor activities, has always been a popular tourist destination. However, recent research has revealed that its premium property market is also thriving, with towns…
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Is This a Good Time to Downsize?
The Telegraph looked at the potential benefits to be gained from downsizing your property at the moment. The Current Economic Climate: Why Consider Downsizing? The Big Picture on Downsizing: Expert Opinion: Ian Cook advises not to get too hung up on the timing of the market. Downsizing can offer a tax-free sum for retirement since…
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WeWork’s Troubles Could Affect Commercial Property
The future of WeWork, the troubled office sharing company, is uncertain as it struggles to stay afloat. As the company warned that it may not continue operating, experts are concerned about the potential impact on the already struggling commercial property sector. 1. WeWork’s Current Situation: 2. Why This Matters to the Property World: 3. Broader…