Tag: Wales
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Burglary Hotspots in the UK
According to recent data from home security specialists ADT, there were 191,094 residential burglaries in England and Wales last year, a 1.8% increase from the previous year. This translates to almost 524 burglaries occurring every day. ADT has identified the UK’s top burglary hotspots and also highlighted the most commonly stolen items in home burglaries.…
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Prime Property in the Lakes is Defying the Slump
The Lake District in the UK is experiencing a surge in demand for premium properties, defying the overall slump in house prices. The Lake District, known for its picturesque landscapes and outdoor activities, has always been a popular tourist destination. However, recent research has revealed that its premium property market is also thriving, with towns…
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Renting Out a Holiday Home? These are the Rules
If you’re getting started letting a holiday home, it’s important to know the rules in your area. In Property Reporter today, Ben Edgar-Spier, head of regulation and policy at Sykes Holiday Cottages has a handy round-up of what you need to know – “…the changes being introduced to the holiday letting sector vary across the…
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ONS – Rents Rose 5.3% in June
The ONS released its Index of Private Housing Rental Prices for June 2023 an it showed that rents had risen by over 5% in the last 12 months. On Twitter, Aimee North, Head of Housing Market Indices at the ONS, commented, “There was another record annual increase for UK rents in the latest month. London…
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ONS – House Prices Rose by 1.7% in June
The Office for National Statistics (ONS) released its latest report on UK house prices, for the month of June 2023. Main Points On Twitter, Aimee North, Head of Housing Market Indices at the ONS, said, “Annual house price inflation, measured using final transaction prices slowed again in June, but the fall was gentler than we…
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Overseas Companies & UK Properties: The Big Picture
How much UK property is owned by overseas companies? Let’s break down a recent study about overseas companies owning properties in the UK: In Simple Terms: A big chunk of properties in England and Wales are owned by foreign companies based in places where they pay little to no tax. This has raised some eyebrows,…
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“Guppies” In The News Again
Do “Guppies” really exist, or are they just a product of the newspapers having little to write about in August? The Telegraph has an article on them today. Key Points: In Conclusion: While the traditional path has often led from renting to owning, a blend of socio-economic factors, individual priorities, and broader lifestyle shifts are…
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Airbnb Controversy in Snowdonia Village
There has been a hate campaign in a village in Snowdonia, aimed at the increasing number of Airbnb lets in the area. A village named Llanberis in Snowdonia has seen a significant rise in anti-Airbnb sentiments as the number of holiday lets nearly doubled. Some locals are showing their frustration by placing stickers with messages…
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UK University Student Accommodation Crisis
UK student accommodation is in short supply and this year’s freshers may be starting term in hotels or bunk beds. Specific Cases: Parent & Financial Concerns: Impacts: Additional Insights: Market Shifts: Final Thoughts: There’s an increasing strain on university student accommodation across the UK. Many students face uncertainty regarding their living situations, with some having…
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Understanding Investments: Is Property as Valuable as We Think?
In an opinion-piece in The Telegraph, economist David Starkie questions whether we have the wrong idea about property investment. “To see why, let us dig deeper into the way the return on housing is commonly measured, which means looking a little closer at the much touted house price indices.” The Backdrop: The author found old…