The proportion of young homeowners has increased, reversing a trend seen since 2003, the government’s English Housing Survey has revealed. Between 2003-04 and 2013-14 the proportion of 25-34 year olds in owner occupation decreased from 59% to 36%. However in 2018-19 it bounced back to 41%, the same as the proportion living in the private rented sector. […]
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An online property platform dedicated to sales in probate has launched called Probate Property Hub. The hub has been created for solicitors and buyers to quicken up property sales. Shaahid Quinn, operations manager at Probate Property Hub, said: “Achieving the quick sale of a property during the probate process can often be a challenge for solicitors and is typically […]
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The Nottingham has returned to the 75% LTV buy-to-let mortgage market. The building society has launched two-year fixed rates at 1.69% with a £999 fee and 2.09% with no fee. There are also five-year fixed rates at 2.04% with a £1,999 fee and 2.28% with no fee. Nikki Warren-Dean, head of intermediary sales at The […]
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Developers operating in the six largest Polish cities sold 17,600 units in the fourth quarter of 2019, 9% more than in the previous quarter, the JLL report Residential Market in Poland Q4 2019 found. Sales in Warsaw increased the most, by as much as 22% quarter-on-quarter, which resulted in 6,800 units being sold in Q4 […]
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FirstPort, the residential property management company, will manage the homes being built at Wichelstowe, a new home development near Swindon. The latest phase of Wichelstowe named Canalside@Wichelstowe, will feature a mix of 208 apartments and houses from builders David Wilson Homes and Barratt. It is anticipated the first residents will be able to move into […]
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Annual rental growth in London reached 2.8% in Q4 2019, the highest growth rate for three years, Zoopla’s Rental Market report shows. In York, Bristol and Nottingham the average cost of renting has increased by more than 5%, more than double the UK average of 2.6%. Aberdeen, Middlesbrough and Coventry were the only three cities […]
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Landlords are looking to buy Homes in Multiple Occupation (HMO) more than any other property type over the next 12 months, research from Paragon has revealed. The company’s Q4 2019 PRS Trends report found that 31% plan to purchase HMOs, up from just 12% in Q3. HMOs typically offer a higher yield – 6.5% compared […]
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Over half (53%) of landlords would not have purchased their properties in the first place had they known how regulated the Private Rented Sector would become, research from property development firm Accumulate Capital has found. Over a third (37%) of property investors plan to sell at least one of their properties this year. Of this […]
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A quarter (27%) of landlords have warned that they may not be a landlord by 2021, with some feeling under pressure. A study from Just Landlords found that almost a third (31%) of landlords say they have more worries than they did 12 months ago, with 28% claiming that owning a rental property is “very […]
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There’s been a boom in phone enquiries to estate and letting agents following the December general election, according to live chat provider Moneypenny. There was a 22% increase in calls asking for property valuations, a 30% increase in calls to arrange viewings and a 9% increase in calls to make offers on properties in the […]
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