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John Lewis plans to build homes across 20 of its locations, as part of plans to revive the business. Rental properties will be constructed above or beside Waitrose supermarkets, a subsidiary of John Lewis, while the company is also looking to sell home insurance. Sharon White, an economist who joined as chairman in February, said […]
The post John Lewis to become a residential landlord appeared first on PropertyWire.
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The average London room rent fell by 7% from £780 in Q3 2019 to £725 in Q3 2020, as the capital continues to struggle due to the pandemic. Rents fell by as much as 20% in Maida Vale/Paddington, as well as 17% across Westminster/Belgravia/Pimlico. Matt Hutchinson, director of SpareRoom, said: “Once again, London dominates the headlines […]
The post London room rents fall for the second quarter running appeared first on PropertyWire.
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The cost of three or four bedroom homes suitable for second steppers reached a record £291,618 in September, Rightmove’s house price index has found. The cost of those homes rose by 0.4% month-on-month and 5.7% annually. However the price of homes suitable for first-time buyers has fallen by 0.4% on a monthly basis to £200,324, […]
The post The price of larger homes on the up appeared first on PropertyWire.
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UK anti-money-laundering firm SmartSearch recorded its best ever month in September, with record revenues, profits and client volumes. The firm, based in Ilkley, West Yorkshire, attributed the increases to the rising threat of money laundering and financial fraud from organized crime gangs, who are taking advantage of the coronavirus crisis. John Dobson, chief executive of […]
The post More people seek protection from financial fraud appeared first on PropertyWire.
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Housebuilder Anwyl Homes is is preparing to release the first phase of properties at Lawrence Gardens in Barton “off plan” from October 31. Anwyl is already selling at Bluebell Meadow in Fulwood and Stonebridge Fold in Longridge. Matthew Gould, head of sales for Buckshaw Village based Anwyl Homes Lancashire, said: “We’ve been receiving enquiries about […]
The post Anwyl Homes unveils more properties in Preston appeared first on PropertyWire.
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People can purchase the most space in the West Midlands with £231,000 – the average house price in the UK. The research, from self-storage firm Space Station, found that it buys you 104.92 square metres in the region on average. It also buys you significant space in Yorkshire & the Humber (98.42) and Northern Ireland […]
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Investec’s Structured Property Finance team has provided Comer Homes with a £36m five-year senior debt facility to fund the development of the final phase of Mast Quay, a two-block riverside residential scheme in Woolwich, London (pictured). Due for completion in December 2022, construction is already underway to deliver a mixture of 204 apartments for rent, […]
The post Investec provides £36m loan to BTR development appeared first on PropertyWire.
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The HMRC probe into the tax affairs of Airbnb landlords marks the end of the honeymoon period for short-term rentals. Despite warnings from Apropos, I still think the short-term lettings market will remain lively despite the extra costs some landlords will incur, though some corporate landlords may decide to take their business elsewhere. Mor… This […]
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The Home Office is making a number of changes to the Right to Rent scheme on November 2nd. An online service should make it easier for letting agents and landlords to check that potential tenants have the right to rent property in the UK, while there are new rules coming into force for B5JSSK nationals. […]
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The kitchen is the most expensive room in the house to renovate, with people spending £5,219 on average, Confused.com research has found. It’s also the room most homeowners want to renovate, with more than one in four (27%) UK adults saying their kitchen is the room they’d most like to do up. This is followed […]
The post Kitchens cost the most to renovate appeared first on PropertyWire.
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