Nine predicted changes for office space rentals


Based on conversations Free Office Finder has had with many of its landlords and tenants in the last few weeks, here are nine changes it predict businesses will consider when choosing an office Business has had its fair share of turbulence over the years, but never in our wildest dreams could we have imagined a […]

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Portuguese property prices yet to see a major fall


The average price of properties for sale in Portugal fell by just 0.8% between April and May 2020. The average price of properties listed by real estate portal Imovirtual was €359.497 in May. Compared to the year before house price growth is still significant. In May 2020 properties listed had an average house price which […]

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Foundation Home Loans relaunches for first-time landlords


Foundation Home Loans has restarted offering buy-to-let products for first-time landlords. Two-year rates start at 2.94% and five-year deals from 3.54%, while the lender has increased LTVs to 75%, including for HMOs and Multi Unit Blocks. Foundation has also launched a new five-year ‘fixed fee’ product for F1 borrowers, for those looking for larger loans. […]

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A market in recovery?


Alpa Bhakta is chief executive of Butterfield Mortgages On May 12, the Secretary of State for Housing, Communities and Local Government Robert Jenrick announced the re-opening of England’s real estate market, after seven weeks of it being effectively on hold due to social distancing measures. Certain lockdown measures were lifted, ensuring onsite valuations and viewings […]

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RICS: Enquiries stabilise and desire for green space increases


New buyer enquiries posted a net reading of -5% in May, indicating that the market is stabilising after plummeting the month before, RICS UK Residential Market Survey has found. Near term sales expectations are broadly neutral, with a net balance of -4%, while 12 month expectations are slightly positive, with a net 10% expecting sales […]

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Investec provides £8m loan to support Old Kent Road retail warehouse-to-residential conversion


Investec Structured Property Finance has provided an £8m facility for a joint venture between Urban & Provincial and Avanton to refinance existing debt secured against a 23,600 sq ft Carpetright store in South Bermondsey, London. The borrower secured permission to convert the existing premises at 651-657 Old Kent Road and build 262 flats. Daniel Carlisle […]

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More homeowners focusing on gardening DIY


Web searches for ‘Gardening DIY’ increased by over half (57%) between February and March 2020, a study by conveyancing firm TRUE Solicitors has found. ‘Grow your own vegetables’ is the most searched for gardening job, with an 81% increase in searches for the past month.  ‘How to paint a fence’ comes a close second, with searches rising […]

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Capital Economics: Government won’t return to austerity


Research consultancy Capital Economics expects the government to live with debt for some time rather than returning to austerity. In an article written by Ruth Gregory, senior UK economist at Capital Economics, she said the attitude of the public is far different to following the global financial crisis, the government’s attitude has changed since the […]

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Tenants more anxious about their rights


Google searches for ‘can my landlord evict me’ have increased by 52% in two months of lockdown, research from Boiler Plan shows. Another common thing to search for has been ‘responsibilities as a tenant’. Residents in Bristol search for tenants’ rights on Google the most of the 20 cities analysed, averaging 540 searches per month. […]

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Auction House sees surge in buyer demand


Auction House said the easing of lockdown restrictions for the property market on 13 May has generated a significant rise in buyer demand. The UK’s largest property auctioneer saw a surge in buyers for its sales from the middle of last month, with some online livestream auctions attracting over 1,000 viewers. Roger Lake, founding director […]

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