There were 65,922 residential mortgages approved in October 2019 on a seasonally adjusted basis, a decrease of 1.2% year-on-year, e.surv has revealed. The number of transactions were fairly flat compared to September 2019. Richard Sexton, director at e.surv, said: “Despite the wider property market continuing its recent slowdown, the mortgage industry has maintained steady levels […]
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Over a third (36%) of over-55s are planning to downsize in retirement, a survey from Nationwide has revealed. More than half (56%) say this is because a smaller property would be easier for them to manage or get around in in old age. Jamie Turnbull, business director at Girlings Retirement Rentals, said: “This survey reflects […]
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The chief operating officer of emoov has responded to ex-CEO Russell Quirk by arguing that online estate agencies haven’t realised their potential and will take market share from the traditional players. Last week ex-emoov boss Quirk argued on a podcast with Mark Worrall that the low-fee model “doesn’t work”. Meanwhile he predicted that Purplebricks will […]
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The Cornwall holiday lettings market is going strong, despite the buy-to-let market being dampened down by government measures and political uncertainty. Cornwall-based holiday lettings firm Beach Retreats has seen an 103% year-on-year increase in bookings for 2020 – which is significant for a business used to a 15-20% increase per year. Nicola Markham, joint regional […]
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Northern Ireland’s house price growth is currently outstripping other countries in the UK, Office for National Statistics figures show. Prices in Northern Ireland increased by 4% in the year to September, outstripping Wales (2.6%), Scotland (2.4%) and England (1%). Across the UK on average prices rose by 1.3% annually to £234,370, though they fell by […]
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By Mark Bailey (pictured), director, Landwood Group So, we may have a general election to navigate in the coming months – and one group who will be watching the opinion polls closer than most will be Britain’s 2.6 million landlords. Reason being that should the Labour Party emerge triumphant and Jeremy Corbyn walks into 10 […]
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Landlords in Stirling in Scotland can receive free training into managing tenancy deposits and disputes. SafeDeposits Scotland, a tenancy deposit scheme, will hold the course at Hotel Colessio on Spittal Street, Stirling, on 27 November, from 10am to 1pm. Paula Guthrie, adjudication account manager at SafeDeposits Scotland, said: “As well as protecting tenancy deposits, SafeDeposits […]
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Property consultancy Bidwells has called for the industry to step up the fight against climate change by making sustainability a key priority in the UK’s planning system. The proposals are for sustainable design principles to be intertwined into planning requirements. There should also be an annual greenhouse gas target for commercial buildings in order to […]
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We are officially in the age of the staycation. Both in and out of season, Brits are opting to holiday on their own patch, seeking beautiful homes to stay in to make memories with their loved ones. Notably, they’re paying handsomely for the pleasure. Bookings for weekends away and week-long holidays in the right type […]
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The fast-growing short-term lettings market could benefit from regulation, lettings payment provider PayProp has argued. There were over 77,000 short lets listed on Airbnb in London alone in April 2019, and over 10,000 in Edinburgh. Neil Cobbold, chief operating officer of PayProp UK, said: “The fast growth of this market shows there is a clear […]
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