Latest News
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London House Prices Fall
London’s house prices have taken a slight dip! For the first time in four years, the value of houses in the UK’s capital has seen a decline. Here’s a breakdown of what this means for you:
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Build to Rent – Fewer Starts, More Completions
The number of Build-to-Rent projects being started has fallen, but the number of existing projects being completed has risen in the last year, according to the British Property Federation. Expert Opinions: In Simple Terms: Build-to-Rent homes are on the rise in the UK, which is good news for those looking to rent. While there are…
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Scottish Commercial Property Investment Increase in Q2
The amount of money invested in Scotland’s commercial property went up in the second quarter of 2023, but the picture is mixed. In a nutshell While Scottish commercial property investments have seen a rise from the first to the second quarter, they’re below the average when we look at the past five years. Different sectors…
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Wages Rising, Inflation Falling – What Happens to House Prices?
What effects are rising wages and falling inflation likely to have on mortgages and house prices? The Daily Mail looked at the likely outcomes. The Big Picture Mortgage Rates and the Economy: Impact on Mortgages: Wages and Mortgages: House Prices: Conclusion While rising wages and falling inflation might seem like good news for prospective homeowners,…
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UK Brownfield Land Potential for Housing Development
Searchland has researched the availability of “brownfield” land across the UK. In simple terms, there’s a lot of unused land in cities like London, Birmingham, and Manchester that could be turned into new homes. The government likes the idea, but not everyone’s convinced that it’s the complete solution to the UK’s housing needs.
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25% of Londoners in Poverty After Paying for Housing
The Centre for London research has shown that a quarter of Londoners are in poverty after they’ve paid their housing costs, and “The average rent in London is equivalent to 40% of average household income, compared to 26% across England.” London is patchy: Overcrowded housing varies a lot. In posh Richmond upon Thames, only 5%…
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Landlords Earn £4,000 Less Due to Higher Mortgage Rates
Mortgage rates have risen. This means the cost of borrowing money for property has gone up. As a result, landlords have made about £4,000 less in profit from each property they rent out over the last year. 2. Numbers to Understand: 3. What Did the Study Find? A platform called finder.com checked various data, like…
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Renting Out a Holiday Home? These are the Rules
If you’re getting started letting a holiday home, it’s important to know the rules in your area. In Property Reporter today, Ben Edgar-Spier, head of regulation and policy at Sykes Holiday Cottages has a handy round-up of what you need to know – “…the changes being introduced to the holiday letting sector vary across the…
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ONS – Rents Rose 5.3% in June
The ONS released its Index of Private Housing Rental Prices for June 2023 an it showed that rents had risen by over 5% in the last 12 months. On Twitter, Aimee North, Head of Housing Market Indices at the ONS, commented, “There was another record annual increase for UK rents in the latest month. London…
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ONS – House Prices Rose by 1.7% in June
The Office for National Statistics (ONS) released its latest report on UK house prices, for the month of June 2023. Main Points On Twitter, Aimee North, Head of Housing Market Indices at the ONS, said, “Annual house price inflation, measured using final transaction prices slowed again in June, but the fall was gentler than we…