Tag: RICS
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UK Bridging Lending Thrives Amid Rising Interest Rates
According to the latest Bridging Trends report, bridging loan transactions experienced a robust surge during the third quarter of 2023. The transactions amounted to a 15.3% increase, representing a significant leap from the £165.7 million recorded in the second quarter. Shift in Average Monthly Interest Rate A noteworthy shift took place in the average monthly…
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Landbay’s New Buy-to-Let Rate Cuts
Landbay has made over 80 modifications to its product range. The key takeaway? Their rates now commence from as low as 4.09%. Here’s a deeper look into the changes: A Glimpse at the New Rates Landbay’s revised rates have been segmented by product type and loan-to-value (LTV). Here’s a short breakdown: Standard Fixed Rates: For…
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Will Building a Shed Office Add Value to my House?
As the working landscape continues to evolve, with more people opting for remote jobs and flexible hours, the demand for personal workspaces at home has seen a significant rise. One popular solution is the garden office or ‘shoffice’. If you’re contemplating investing in one, here’s everything you need to know, from costs and potential added…
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Scottish Commercial Property Faces Stagnant Demand
The Royal Institution of Chartered Surveyors (RICS) has recently released their Commercial Property Monitor which sheds light on the current scenario of Scotland’s commercial property sector. For those considering an investment in this domain, here’s a simplified breakdown of what these figures mean and how they might influence your decisions. Occupier Demand: A Mixed Bag…
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“Downbeat” Commercial Property Sector
The Q3 market monitor report from RICS highlights a subdued activity in the UK commercial property sector. Terms such as “relatively downbeat” are used to describe the market’s performance. But what does this mean for the average investor? Occupier Demand: The Current Situation The headline occupier demand indicator is an essential metric. It gives us…
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Scottish Commercial Property Demand Remains Flat
The Royal Institution of Chartered Surveyors (RICS) Commercial Property Monitor paints a picture of stability for Scotland. The latest data reveals that demand from occupiers (i.e., those looking to rent or use commercial properties) hasn’t significantly shifted during the third quarter. This trend follows a similar trajectory from the previous quarter, maintaining the equilibrium of…
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The Autumn BounceBack Didn’t Happen
Estate agents, typically braced for a post-summer surge, have instead witnessed a season of unexpected calm — or, less optimistically, stagnation. This unforeseen lull in what is customarily a bustling period has both prospective buyers and industry experts scratching their heads, seeking to understand the forces at play and the implications for property investment. A…
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How to Sell Your House Fast
The UK property market has faced a series of challenges recently, influenced by factors like last year’s mini-Budget, unpredictable inflation, and the Bank of England’s interest rate hikes. These changes have led to increased mortgage rates and a cooling of property prices, following an extended period of significant growth. Karen Noye, a mortgage expert at…
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Mini-Budget Disaster Distorting House Prices
Last year’s mini-budget, introduced by Liz Truss and Kwasi Kwarteng, sent ripples through the property market. It led to a significant surge in mortgage costs, causing an initial hike in house prices to an apex of £291,909 in September, followed by a substantial dip to £282,115 by March. These fluctuations are a testament to the…
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What are Development Exit Bridging Loans?
In the ever-evolving landscape of the UK’s property sector, developers face an array of challenges, particularly in financing. Development exit bridging loans can offer a safety net for investors navigating the unpredictability of the economy. This financial product is not just a contingency plan but a strategic tool for maximizing profitability and maintaining project momentum…