Property Wire spoke to property entrepreneur and chief executive of Kamani Property Group Adam Kamani (pictured) about his online estate agency YourNxtDoor, why he decided to enter the property world and his expansion plans in these challenging times. What inspired you to enter into the property world, and in turn set up a letting agency? Ever […]
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The Help to Buy equity loan scheme should be extended by at least 12 months due to the crisis caused by Covid-19. That is according to Kate Davies, executive director of the Intermediary Mortgage Lenders Association, who has made the case to the government in meetings and in a letter to the secretary of state. […]
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Private renters are set to face affordability pressures long-term as expenditure rebounds quicker than incomes. Between March and June falls in income from renters have been offset by a falls in expenditure on things like childcare, transport and recreational activities. The research comes under a programme of work between the Department of Housing, Planning and […]
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The government is planning to extend the Help to Buy scheme due to purchase delays caused by the pandemic. The FT reports that minister are planning to extend the scheme, which as it stands would require transactions to be agreed by December 2020. The scheme was due to end in April 2021, with a new […]
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Tom Callaghan, divisional director of AA Projects Tenants have always had plenty to think about when approaching the end of a lease, even in the world that we lived in less than six months ago… “How am I going to discharge my liabilities? Should I settle matters financially or undertake dilapidations works? What about negotiations […]
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Developer Salboy is starting to sell apartments in a 40-storey residential tower at Viadux, Manchester, with units going on sale next month. Salboy director Simon Ismail said he’s been contacted by investors both in the UK and overseas who are interested in the properties. Designed by SimpsonHaugh Architects, construction is scheduled to take four years. […]
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The annual rate of UK house price growth edged up to 2.7% in June, after rising 0.2% on the month according to the latest data by Zoopla. Buyer demand has seen strong growth since housing markets reopened, however the number of new homes being listed has not experienced the same increases. This is creating an […]
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New build homebuyers are still able to exchange their homes during the coronavirus pandemic, with recent research revealing that 83% of the UK’s leading home developers are considering part-exchanging their units. Ruban Selvanayagam, co-founder of Property Solvers who completed the research, said: “Each case would be judged on its individual merits. You may, for example, […]
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AIMS Investments has acquired a majority stakes in UK property developer Beech Holdings. Beech Holdings delivers residential accommodation in prime locations, with the partnership hoping to enable the business to expedite the delivery of over 1,000 apartments in its existing development portfolio with a gross development value of around £250m. The partnership will be the […]
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The Covid-19 pandemic recession will see UK rents drop by at least 5% until 2024, costing UK landlords £5.7bn in income, proptech rental service Home Made has predicted. London will be the most impacted region, seeing £3.9bn in losses for landlords – with Westminster, Tower Hamlets and Wandsworth being hit the worst. Asaf Navot, founder […]
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