Latest News
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Prime London Holds Steady Amid UK’s Property Dips
Research by estate agents Knight Frank shows that London’s prime properties are losing less value than other houses in the current dip. 1. Big Picture: 2. Specifics: 3. Why did Prime London Struggle during COVID?: 4. Expert Insight: 5. Sales Data from July: Key Takeaway: Prime London properties are showing resilience. While the pandemic has…
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Understanding Investments: Is Property as Valuable as We Think?
In an opinion-piece in The Telegraph, economist David Starkie questions whether we have the wrong idea about property investment. “To see why, let us dig deeper into the way the return on housing is commonly measured, which means looking a little closer at the much touted house price indices.” The Backdrop: The author found old…
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The UK property market is holding steady, despite a few bumps
In The Guardian, financial expert Larry Elliott says that things are not as bad as many are saying about UK house prices… so far. “Yes, it’s August and there’s not much news around, but even so the idea that a 2.4% annual fall in prices means the property market is in crisis is nonsense.” 1.…
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More Homeowners Getting Help from ‘Bank of Mum and Dad’
Research from The Mortgage Lender shows that more young homebuyers are getting help from their parents and grandparents. Key Points:
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“It’s Tough Out There” – Challenges for Developers
The Guardian reports on the challenges facing developers and housebuilders, caused by the tougher economy and slowing housing market. The sector is struggling with a mix of issues such as declining demand, increasing interest rates, labour shortages, and high costs of materials and wages. The demand for new homes has been affected by the current…
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The Premium For New Build Properties Rises
New data shows that the amount that people will pay for new-build houses, compared to older houses, is increasing. What does this mean for you, the potential investor? Simply put, a new-build home in the UK, on average, is worth about £425,186 and commands a premium of 52% over an existing property. This premium has…
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Scotland – Where Are House Prices Falling Fastest?
A report in The Scotsman looks at house prices in Scotland, focusing on the 13 areas where prices are decreasing more quickly. The report shows that in 2022, a lot of areas saw a sharp rise in house prices, with 173 locations showing an average price increase of 20% or more compared to the previous…
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AirBNB or Long-Term Rental, Which is Best?
A new article in Property Reporter looks at the pros and cons of investing in AirBNB, short-term letting, versus long-term renting. The key points from the article include: Availability and Demand There are up to eight times as many family homes available on Airbnb than for long-term rentals, indicating a shift in the rental market.…
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Rents Rise in Every Region
Homelet has released their UK Rental Index for July. The key takeaways are: If you’re an investor, you should be aware that renting costs are rising throughout the UK. Some areas are experiencing larger increases than others, with London maintaining its reputation for high rental prices. However, this situation isn’t ideal for tenants or landlords,…
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CGT Figures Show Landlords are Leaving?
Many landlords may be leaving the “buy to let” property sector, according to the latest Capital Gains Tax (CGT) figures from the government. Wealth Management firm Quilter has interpreted this data as a sign that more landlords are choosing to sell their properties, and thus exit the market, due to a combination of factors. One…