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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Savills and Purplebricks lead the way in terms of UK estate agency brands making a splash online, analysis from recruitment service Rayner Personnel shows. Savills has 70,500 followers on Twitter as well as 116,000 on Instagram, making it the leading UK estate agency brand in both categories. When it comes to estate agency websites that […]
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There’s strong competition amongst homebuyers, as NAEA Propertymark saw 10 sales per branch in June, up from five in May. The number of house hunters registered per estate agency branch stood at 379 in June, an increase of 10% from 344 in May and 24% from 305 in June 2019. One in 10 properties sold […]
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Asaf Navot (pictured), founder and chief executive of Home Made, the proptech rental startup As the property market reopens, many anxious landlords are understandably concerned about their post-lockdown rental property prospects. Our rental experts have laid out the key steps that landlords should take to protect their investments in the coming recession: Keep existing renters If you have good renters, even if they’re looking to slightly reduce the rent due […]
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HM Land Registry has started accepting e-signatures, though witnesses also need to be present. Conveyancers can now use e-signatures to quicken up the homebuying process. Simon Hayes, chief executive and chief land registrar at the HM Land Registry, said yesterday: “What we have done today is remove the last strict requirement to print and sign […]
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Keystone Property Finance has launched products for HMOs, Multi Unit properties and standard properties on larger loans. Rates start from 3.09% for 2-year and 5-year fixes up to 65% LTV, while they are available on loans between £350,000 and £1m. David Whittaker, chief executive of Keystone Property Finance, said: “We have been working hard over […]
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Plans to build 900 homes in South Wales as part of an urban village plan have been approved by Torfaen County Borough Council. In addition to the new homes next to Mamhilad Park Estate, a primary school, neighbourhood centre, as well as play and recreational facilities will be constructed. The development, located on the A4042 […]
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Savills has unveiled the proposed acquisition of property and facilities management firms OMEGA Immobilien Management GmbH and OMEGA Immobilien Service GmbH in Germany. The companies are headquartered in Cologne and provide property and facilities management services for offices, shopping centres, residential complexes and car parks of all sizes across Germany. Globally in 2019, Savills generated […]
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