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Mike Scott, chief property analyst at Yopa Chancellor Sajid Javid has faced criticism from both estate agents and London MPs after apparent plans to hit larger properties with a “mansion tax” emerged over the weekend. Though an appealing idea in principle, raising additional tax revenue from people who are well-placed to afford it risks distorting […]

The post Sajid Javid’s rumoured “mansion tax” risks further distorting the UK property market if it’s not done right appeared first on PropertyWire.

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Scotland currently offers the best buy-to-let yields across the UK at 5.8%, Sourced Capital research shows. Glasgow is the top region, with yields hitting 7.8% on average, followed by West Dunbartonshire (7.2%) and Inverclyde (7.1%). England averages at 4.1%, with the best yields being found in the North East (4.9%), Yorkshire and the Humber (4.5%) […]

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The cost of buy-to-let mortgages have fallen year-on-year, research from Property Master has found. The biggest fall was for 5-year fixed rate buy-to-let mortgage offers for 65% of the value of a property, which fell by £48 per month between February 2019 and February 2020 for a £150,000 mortgage. Angus Stewart, chief executive of Property […]

The post Cost of buy-to-let mortgages fall year-on-year appeared first on PropertyWire.

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Zoopla delivered a 25% increase in applicant leads and a 17% uplift in valuation leads to agents in January 2020, compared to the same month last year. The company also saw a 15% rise in online sessions. Zoopla attributed the increase to a Boxing Day marketing campaign, though there have been reports of the market […]

The post Zoopla experiences January surge appeared first on PropertyWire.

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Intermediaries were more confident about the outlook of the mortgage market in Q4 2019 than at any other point during the year, the Intermediary Mortgage Lenders Association Mortgage Market Tracker found. According to the research, 93% of mortgage intermediaries were confident about the outlook for the mortgage industry heading into 2020. Kate Davies, executive director […]

The post Record highs for intermediary market confidence in Q4 2019 appeared first on PropertyWire.

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It’s currently easiest to sell homes in Sheffield’s S11 postcode, taking just 11 days from being listed on average, Property Sell By Dates research from Thomas Sanderson found. However Liverpool dominates the UK’s fastest selling postcodes, with properties shifting quickly at L11 (14 days), L26 (15 days) and L14 (23 days). Birmingham’s B25 was also […]

The post Its easiest to sell homes in parts of Sheffield and Liverpool appeared first on PropertyWire.

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Properties across South Africa are likely to rise by 3.7% in 2020, below the inflation forecast of 4.3% over the same period. House prices only grew by 3.6% in 2019, FNB’s Q4 Property Barometer found. Kevin Penwarden, chief executive at SA Home Loans (SAHL), said: “In the more traditional middle-income market, the average value is […]

The post South African properties to appreciate below inflation this year appeared first on PropertyWire.

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A development of 120 homes in Martock near Yeovil has been given the go-ahead by planners, spearheaded by Barratt Homes. Work on the first phase of the development is set to start shortly – the roles of tradespeople, subcontractors and sales advisers mostly being filled by local people, the housebuilder said. The development will support […]

The post Martock in Somerset given go-ahead by planners appeared first on PropertyWire.

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The Haverhill Retail Park in Suffolk has been sold to Barsham Securities, a Beccles-based private property development and investment company. The retail park, developed by Howard Group, comprises of 27,000 square feet of retail accommodation with large landscaped parking areas. The park is currently let to operators Pets at Home, Home Bargains and Pure Gym. […]

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Whilst there are many people that associate AI with sci-fi novels and films, its reputation as an antagonist to fictional dystopic worlds is now becoming a thing of the past, as the technology becomes more and more integrated into our everyday lives. AI technologies have become increasingly more present in our daily lives, not just […]

The post How Artificial Intelligence Is Transforming Businesses appeared first on PropertyWire.

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