Latest News
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The North West is a Commercial Property Hotspot
Sirius Property Finance have a report on the UK’s regional hotspots for commercial real estate, and the North West comes top. 1. The Overall Picture: Across England, there are about 9,000 commercial properties up for grabs right now. The North West of England is leading the pack, with the most commercial properties on sale. Think…
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Buy-to-Let Arrangement Fees Spark Controversy
The arrangement fees charged by buy-to-let mortgage brokers “border on profiteering” one broker claims. 1. What’s the main issue? Lenders are charging super high arrangement fees on buy-to-let mortgages. These are fees landlords need to pay up front to set up their mortgages. Many people in the property industry think these fees are just way…
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The Most Desirable Towns in Britain
High-earning individuals looking for quality schools and beautiful surroundings are driving property prices up in some of the UK’s most desirable towns. Savills’ Findings The Telegraph engaged Savills estate agents to sift through the latest census data and determine which towns rank highest based on several factors: the percentage of residents with managerial roles, their…
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London Rents Rise to New Record
London rents have risen again, reaching new record levels. In July, the average weekly rent was £597, which is up by 12% compared to the same time last year, according to Foxtons Letting Index. Is it easier or harder to find a property?It’s competitive out there. Even though there are more properties available to rent…
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Seaside Town Where House Prices Have Doubled
House prices in the seaside town of Westgate-on-Sea have more than doubled over the past year. On average, a home that cost about £150,000 before is now valued at roughly £322,000. Where is Westgate-on-Sea? It’s a scenic Victorian town less than two hours away from London by car and just a short 10-minute drive from…
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Are Housebuilder Shares a Good Buy?
Some experts argue that this is a good time to buy shares in UK housebuilding companies, even though their short-term prospects look bleak. In Layman’s Terms: Housebuilding companies are facing tough times due to increased costs and political decisions. However, they have shown they can handle challenges and are in a better position now than…
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New Map Shows Areas With Biggest House Price Falls
The Daily Mail has published an interactive map showing the UK areas with the worst drops in house prices recently. They discussed the state of the market with RICS, who said it “paints the picture of a housing market continuing to lose ground to the effects of higher mortgage rates.” What’s happening with UK House…
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Inflation Data Will be Crucial for UK House Market
The inflation figures that the government release this week could be a big influence on the direction of movement of house prices. What Could Happen? Tom Bill, head of UK residential research at Knight Frank shares his thoughts in Property Industry Eye – “Rarely has one month’s inflation figure been so widely anticipated by such…
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Landlords Selling Miss Opportunity for Maximum Profit
Landlords who are selling their properties this year might earn about £10,000 less than if they had sold earlier. Simply put, last year would’ve been a better time to cash out for the highest profit. That’s according to a report from estate agents Hampton’s. A Look at the Numbers: On average, landlords this year have…
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34% of Students May Live at Home This Year
More than a third of students going to university this year may live at home rather than renting student accommodation a study has found. 1. The Key Facts: 2. The Financial Context: 3. More Numbers: Living Expenses: 4. Repaying Student Loans: 5. The Bigger Picture: 6. What the Experts Say: Summary In essence, the rising…