Tag: Downsizing
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Make Your Development Easier to Sell
When it comes to small-scale property development, such as converting a commercial building into residential flats, there are several factors to consider in order to make your project more sellable and profitable. It’s important to think ahead and take into account the needs and preferences of potential buyers. An article in PropertyReporter discusses five top…
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UK Housing Market Facing Slowest Year in a Decade
The UK property market is facing its slowest year for house sales in over a decade, according to research by property portal Zoopla. The decline in sales is primarily due to higher mortgage rates and inflation, which have reduced the purchasing power of potential homebuyers. Zoopla’s study suggests that approximately 1 million houses will be…
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It’s Now Cheaper to Rent Than Buy – Zoopla
According to a report by property website Zoopla, it is now cheaper to rent a home in the UK than to buy one for the first time since 2010. The average monthly rent in the country is £1,163, while the average monthly mortgage repayment for first-time buyers with a 15% deposit is £1,285. The worst…
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Is This a Good Time to Downsize?
The Telegraph looked at the potential benefits to be gained from downsizing your property at the moment. The Current Economic Climate: Why Consider Downsizing? The Big Picture on Downsizing: Expert Opinion: Ian Cook advises not to get too hung up on the timing of the market. Downsizing can offer a tax-free sum for retirement since…
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More Landlords Selling Than Buying
Nearly 40% of landlords are planning to sell property – twice as many as those expecting to buy. That’s according to new research from BVA-BDRC. So, What Does This Mean for Property Investment? In a nutshell, the landscape for UK property investment, especially for would-be landlords, is quite shaky at the moment. While tenant demand…
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Defying the Downturn: The Unexpected UK Towns With Rising House Prices
The Telegraph has a roundup of some UK property hotspots – Summary Conclusion: In simple terms, while the overall picture of the UK housing market might seem bleak, some specific areas are booming. This success is seen in both high-end locations like Kensington and Chelsea, and more grounded places like Clitheroe. The reasons behind this…
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Retirement Homes: High Demand, Low Supply, and Big Benefits
Retirement community homes are in high demand across Britain, but the supply is limited. Only 3.7% of the total market stock is retirement homes, and 32.4% of them are already sold or under offer. The Situation Many older people in Britain are looking to move into retirement homes. These special communities allow them to live…
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Retirement Living: An Exciting Investment Opportunity?
A new article in Property Reporter looks at the prospects in the Retirement Living market – Conclusion Investing in the retirement living sector appears to be an attractive and promising opportunity. The growing ageing population in the UK, coupled with a shortage of suitable housing, presents a unique chance for investors, developers, and funders. By…