Tag: Essex
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Best Rental Yields? Wales and The North
As a budding property investor or someone simply curious about the market trends, the landscape of the UK property market can seem daunting. Yet, it is crucial to understand where the best rental yields are being reported, as it is a vital factor in ensuring your property investment strategy thrives. Today, let’s delve into a…
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London’s Record-Breaking Rents
Rents in London have reached record-breaking levels, surpassing those in other parts of the UK and even outpacing many European capitals. In fact, property agents Savills report that London rents increased by a significant 20% between March 2020 and May 2023. The median cost of a studio in Greater London now stands at £1,275 per…
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UK Brownfield Land Potential for Housing Development
Searchland has researched the availability of “brownfield” land across the UK. In simple terms, there’s a lot of unused land in cities like London, Birmingham, and Manchester that could be turned into new homes. The government likes the idea, but not everyone’s convinced that it’s the complete solution to the UK’s housing needs.
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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…