Latest News
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Rising Interest Rates, Effects On House Prices
The Research Director of Zoopla gave his opinion on how yesterday’s increase in interest rates would affect the Uk housing market. 1. Interest Rates Are Rising, But Not As Much As Expected: The Bank of England has raised the base interest rate to 5.25% to tackle inflation. Initially, people thought rates might go even higher,…
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Leeds Forecast to Beat National Averages
Property experts Savills is predicting that growth in Leeds will exceed both local and national averages. Growth Prospects Leeds is set to grow faster than the rest of the region and the UK in general, with an expected increase of 16% over the next decade. This is a positive indicator for investors, highlighting potential growth…
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The Threat To Short-Term Lets
LandlordZone website has published an in-depth analysis on what it believes could be threats to the UK’s short-term let market. The Shift in the UK Rental Market What’s Happening? The UK rental market has seen a significant move away from long-term renting to short-term or holiday lets like Airbnb. This might affect up to 20%…
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£2700 Per Month London Rents Predicted
A study by Rightmove and Savills, looking at City Hall data, has predicted that rents in London could reach an average £2700 a month by 2024. London Rent to Reach Record High 1. What’s Happening with London Rent? London’s average rent could reach a record £2,700 a month next year, an increase of £133 from…
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Bank Of England Raises Interest Rates – Property Industry Reaction
As the Bank Of England again raises interest rates, Property118 got the reactions of several property industry experts. Interest Rate Increase What Does It Mean for Renters and Landlords? Impact on Rental Market What Are Property Experts Saying? Homeowners and Buyers Bottom Line In short, the interest rate increase will likely have a complex and…
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UK Areas With Biggest House Price Falls
The Independent has a map showing the parts of the UK where house prices fell most in June 2023, according to data from the Nationwide Building Society. 1. Overview: The UK housing market is currently experiencing a significant drop in house prices. After staying strong during the Covid pandemic, it’s now slowing down due to…
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One In Ten Landlords Could Quit This Year
Analysis by property advisors CBRE suggests that one in ten landlords may sell up by the end of 2023. 1. Reduction in Rental Properties Their report suggests that the UK rental market is expected to lose about 10% of rental homes by the end of 2023 if landlords continue to sell their properties at the…
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Is Property Development For You?
An article in PropertyReporter looks at what it takes to start small-scale property development, emphasising the advantages over other types of business. Introduction Starting a business isn’t easy; about 20% fail within the first two years. Finding a business model that minimizes challenges is critical. Small-scale property development seems to be an appealing avenue that…
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Will Australian house prices rise?
The Reserve Bank has paused its interest rate hikes as it worries about the economy and inflation. The housing market remains tight and expensive, making it difficult for new buyers and easier for existing mortgage holders. Australian Housing Market Overview 1. Interest Rate Situation: 2. Inflation Outlook: 3. Home Lending & Property Prices: 4. The…
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Airbnb and Short-Term Rentals – A Global Challenge
As Bloomberg reports, it’s not just UK cities that are deciding how best to handle the growth of Airbnb rentals – 1. The Growing Trend: Since Airbnb’s launch 15 years ago, short-term home rentals have become increasingly popular globally. This has led to a complex situation, with cities struggling to regulate the industry. 2. Government…