Latest News
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Rising Mortgage Costs Force UK Landlords’ Hands: Will You Raise The Rent?
A recent survey reveals that 61% of UK landlords plan to raise rents due to increasing mortgage costs, while others are hesitant or choosing not to do so for various reasons. The study highlights a mixed response, with some landlords influenced by letting agents’ advice or other factors such as maintenance and energy bills, while…
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London Rents to Rise, Prices to Fall – Foxtons
London estate agents Foxton’s are predicting that the capital’s rents will continue to rise, even as house prices continue to fall. The Main Points: What This Means for Different People: In Simple Terms: London’s housing market is experiencing two main trends: rents are going up because there aren’t enough properties to rent, and property prices…
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London Property Market Propped Up by Selling Landlords
Foxtons estate agents are saying that the London house market is being affected by the number of landlords who are quitting and selling their properties. Summary for Prospective Investors: In essence, London’s property market is currently being shaped by a complex mix of mortgage rates, government policies, and market behaviors. While there are challenges, informed…
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Could Property Development Be Your Next Side Hustle?
Property Wire has a piece on the possibilities of making Property Development your “side hustle” – a part-time business while continuing your day job. 1. Introduction: Small-scale property development is being seen as a lucrative side hustle with potential high profits. Unlike traditional investment methods, property development, specifically “flipping” homes or engaging in small-scale commercial…
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Rents Continue To Rise
The Daily Mail reports that average rents in the UK have reached record highs due to high demand and low supply, and landlords are facing various challenges from the government, taxation and compliance Renting Prices Reach Record Highs 1. Rising Costs: 2. The Increases Since the Pandemic: Why Are Rents Rising? 1. High Demand and…
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RICS Reports Falling House Prices, Buyer Uncertainty
RICS (The Royal Institute of Chartered Surveyors) has released their latest housing market report, and the outlook is getting darker. Summary Conclusion The recent RICS data paints a picture of a cooling UK housing market. Buyers are backing away due to rising mortgage costs and overall uncertainty. While the situation isn’t entirely bleak, with sales…
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London Prices – Is Your Area Hot or Not?
There’s a roundup of the best, and worst-performing areas of London for house prices in the Standard today. And some tips on what to do if you have to move soon. 1. Recent Mortgage Rate Rises The Bank of England’s recent increase in mortgage rates is impacting the housing market. Many properties have been listed…
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5 REITs Yielding Over 7%
The Motley Fool UK has an article featuring 5 REITs that are currently giving yields of over 7% per year. 1. Introduction to REITs The article talks about real estate investment trusts (REITs) as an alternative to traditional property investment. These are companies that own, develop, and rent out buildings such as offices, warehouses, retail…
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The Telegraph has a feature on how to buy, develop, and sell high-end residential properties. Summary Emma Morby’s Property Venture: Emma Morby has found success in restoring and converting historic properties in the UK. She’s not interested in demolishing them for new builds; instead, she aims to preserve their historic value. Since 2017, she has…
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Renters Reform Bill: Student Support
The National Union of Students (NUS) is championing the Renters’ Reform Bill. They believe it’s a significant step forward in protecting the rights of renters, particularly students. Here’s what you need to know: 1. What the Bill Aims to Do: 2. Why Some People Are Worried: 3. Arguments from the Students: 4. The Larger Housing…