Tag: Durham
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Planning Permission: North vs. South
Recent research from Searchland, a firm specializing in sourcing development sites, has shed light on a notable North-South divide in planning approval rates across England. If you’re looking to build or make modifications to a property, you’re statistically in for a smoother ride if you’re setting your sights on the North rather than the South.…
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UK Homeowners Still Hopeful about Houses
In the face of financial strain, UK consumers display a resilient spirit, particularly when it comes to the property market. This complex sentiment, a mix of concern and optimism, emerges from Dye & Durham’s UK Pulse Report for Q3 2023, spotlighting the unique challenges and aspirations of UK adults amidst changing economic landscapes. The Financial…
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UK Student Housing: The Ballooning Rent Crisis
The situation for UK university students has taken a disconcerting turn as they confront “unprecedented rent rises.” The surge in demand for student housing, combined with a static maintenance loan value meant to support living costs, has thrown many students into a financial whirlwind. In stark numbers, rents have escalated by more than 8% this…
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Aberdeen is Most Affordable Place to Buy a House
As property prices continue to rise across the UK, finding an affordable city where one can own a home becomes increasingly challenging. However, a recent study by mortgage broker L&C Mortgages has revealed that Aberdeen has emerged as the most affordable city to own a home. With average prices at £139,551 as of May 2023,…
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Student Housing – Which Areas have Biggest Shortfall?
There’s a shortage of rental properties all over the UK, and the student rental market is feeling this pinch even more. The numbers paint a clearer picture: Why is this happening?There are a bunch of reasons. The big ones include: How are students feeling about it?They’re pretty worried! Half of the students in a recent…
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Record Student Numbers Fuelling Demand for Lets
An increase in the number of students is combining with a reduction in the number of houses to rent, according to research by Savill’s in University cities. Toby Parsloe, research analyst at Savills, said, “The UK has a record 2.3 million full-time students, 91,000 more than last year. UCAS applications have remained elevated since the…
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Increase in Rental Costs for Students
There’s been a surge in rental costs for student accommodation outside London, now averaging £10,227 per year. This is more than the maximum maintenance loan of £9,978 that students can access, making it challenging for those, especially from poorer backgrounds, to afford living expenses. High Demand & Limited Supply There’s an intense demand for student…