Latest News
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Tips for Buying or Selling in the Current Housing Market
The UK housing market has seen a shift. A year ago, houses were in high demand, and there weren’t enough available. Now, things have flipped. There are more houses for sale than people looking to buy. One big reason is the high cost of borrowing money for a house, also known as mortgage rates. The…
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Student Housing – Which Areas have Biggest Shortfall?
There’s a shortage of rental properties all over the UK, and the student rental market is feeling this pinch even more. The numbers paint a clearer picture: Why is this happening?There are a bunch of reasons. The big ones include: How are students feeling about it?They’re pretty worried! Half of the students in a recent…
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More Landlords Selling Than Buying
Nearly 40% of landlords are planning to sell property – twice as many as those expecting to buy. That’s according to new research from BVA-BDRC. So, What Does This Mean for Property Investment? In a nutshell, the landscape for UK property investment, especially for would-be landlords, is quite shaky at the moment. While tenant demand…
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Asking Prices Fall, Largest Drop in 5 Years – Rightmove
Rightmove has published their monthly report on the UK housing market. It shows that asking prices fell by 1.9%, the largest drop in 5 years. Summary UK Property Market Update –
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Looking to Remortgage Your Buy to Let? Act ASAP
Gavin Richardson, from buy-to-let broker Mortgages For Business (MFB) has suggested that landlords who are thinking of re-mortgaging soon should act fast to lock-in the current rate. Inflation (the rate at which prices of goods and services rise) reached 6.8% in July. Even though this number has gone down from the previous month and is…
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UK REITs – Unearthing a Diamond in the Rough?
In Moneyweek, Rupert Hargreaves looks at the prospects for Tritax Eurobox. REITs are companies that own or produce income from real estate, and you can invest in them. Recently, many people have been selling their investments in them, mainly because of rising interest rates. In simple words, when interest rates go up, it becomes more…
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High Demand for Rental Homes in Scotland
In July, Scotland’s biggest letting agency, DJ Alexander Ltd, received a record 39,400 viewing requests for rental properties in Edinburgh and Glasgow. This is the highest demand they’ve seen in their 41 years of operation. Why is this a concern? What does the expert say? What can be done? Conclusion:
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Record Student Numbers Fuelling Demand for Lets
An increase in the number of students is combining with a reduction in the number of houses to rent, according to research by Savill’s in University cities. Toby Parsloe, research analyst at Savills, said, “The UK has a record 2.3 million full-time students, 91,000 more than last year. UCAS applications have remained elevated since the…
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This Expert Believes House Prices Won’t Crash
House prices have dropped slightly, with many believing this is due to the rise in mortgage rates. But, Anthony Codling, a seasoned property expert, thinks mortgage rates aren’t the main factor. Key Numbers: Anthony Codling’s Views: In Simple Terms: While mortgage rates might be rising, they’re not the main driver behind house prices. Many homes…
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Dubai and Riyadh Property Boom
Imagine a luxurious villa with its walls coated in gold leaf, having a golden jacuzzi and a huge aquarium in the dining area. Fancy, right? This grand villa in Dubai was recently listed for $204 million. It’s like something straight out of a movie. And it’s just one among many properties that are catching the…