Tag: Refurbishment
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A Buyer’s Market for Some Landlords
Despite the recent challenges in the property landscape, many astute investors have identified golden opportunities. A surge has been noted in professional landlords – those with extensive property portfolios and a keen eye for investment – acquiring properties at prices below the market value. This suggests a clear window for expansion, aiming for longer-term returns…
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Navigating the HMO Investment Landscape
The property market is vast, dynamic, and filled with various opportunities. One such avenue that has gained notable attention in recent years is the House in Multiple Occupation (HMO) sector. But what makes HMOs special? Are they still a viable choice for potential investors, especially given the regulatory changes and market pressures they face? Let’s…
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HMOs and Refurbishments Most Popular Investments
According to a recent survey conducted by Castle Trust Bank, refurbishments and houses in multiple occupation (HMOs) have emerged as the top choices for property investors in the last three months. The survey conducted by Castle Trust Bank’s Pulse Surveys revealed that approximately 40% of brokers identified refurbishments as the most popular specialist property investment…
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House-Flipping Guide Updated
Lovemoney have updated their introduction to house-flipping. House flipping, the practice of buying a rundown property, renovating it, and selling it for a profit, has remained popular even during the Covid-19 pandemic. In fact, research by estate agent Hamptons International has shown that 19,000 properties have been flipped during this time. The average difference between…
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Converting Commercial Property to Residential
Converting commercial property to residential spaces has become a popular trend in recent years. This not only helps make use of empty buildings but also revitalizes urban areas, transforming towns and cities. In addition to the positive impact on the community, these conversions can also be financially rewarding for developers. By turning a commercial property…
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Cash Buyers Drive London Prime Market
Cash buyers have been driving sales in prime central London, according to leading estate agency Savills. Despite concerns about rising interest rates and price sensitivity, there has been an increase in £10 million-plus cash deals this summer in prestigious areas such as Kensington, Chelsea, Westminster, and Knightsbridge. Wealthy buyers, who are not affected by rising…
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City Centre Student Property Looks Promising
Investing in student property has become a popular option in the UK real estate market. The demand for purpose-built student accommodation in city centres is rapidly increasing, and this trend is expected to continue in the future. In this article, we will explore the reasons behind this surge in demand and the potential benefits for…
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Homeowners Improving, Not Moving
The property market in Britain is experiencing a significant shift, as more and more homeowners are choosing to improve their existing homes rather than moving. Data from MyBuilder.com reveals that a third of homeowners are delaying their plans to move due to rising mortgage rates. Instead, they are opting to extend, renovate, or generally improve…
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One in Five Buyers Put Their Plans on Hold
Rising mortgage rates are causing concern among potential property buyers in the UK, with almost one in five renters putting their buying plans on hold. According to data from TML, 19% of renters feel they cannot afford to buy a property due to high mortgage rates. However, some are patiently monitoring the rates, waiting for…
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Tips for Buying or Selling in the Current Housing Market
The UK housing market has seen a shift. A year ago, houses were in high demand, and there weren’t enough available. Now, things have flipped. There are more houses for sale than people looking to buy. One big reason is the high cost of borrowing money for a house, also known as mortgage rates. The…