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Westminister has the greatest proportion of underpriced properties in London, research from fintech firm Proportunity claims. The startup suggested that three quarters (74%) of Westminister’s properties under £1m are underpriced. Proportunity said inner London boroughs, which have seen house prices fall or stagnate since the EU referendum, could be set for a post-Brexit bounceback, allowing […]

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The cost of fixed rate Brexit buy-to-let mortgages are set to fall now the Conservatives have been elected, according to online mortgage broker Property Master. The monthly cost of fixed rate buy-to-let mortgages have fallen across all categories compared to the same time last December – in some instances by as much as £38 per […]

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Paul Addison is managing director of DevAssist, which investigates potential development issues within 75 metres of a property. Here he talks about some of the worst cases he’s seen. Sarah and Pete thought they had found the perfect home. Along the Folkestone seafront in Kent, the flat had uninterrupted views over pebbles leading down to […]

The post How safe is your view? appeared first on PropertyWire.

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Unmodernised homes in the Woodseats and Hillsborough areas of Sheffield are in demand. In an auction held by Mark Jenkinson and Son, 30 of the 36 lots sold for £2.75m. Adrian Little, head of the auction department at Mark Jenkinson and Son, said: “The figures for December continued the upward trend even though the auction […]

The post Classic homes in demand at Sheffield auction appeared first on PropertyWire.

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It’s been a week dominated by the General Election – and whatever your political allegiance at least there’s an end to the political gridlock. It looks like Brexit is going to happen and, though I’ve never been a fan of it, at least we can now plan for leaving the EU, rather than probably leaving. […]

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The property industry is upbeat about the Conservative Party’s victory in the General Election last week. The feeling is it should lift the political uncertainty by paving the way for Brexit, as well as providing the mandate to launch new housing policies. John Phillips, national operations director at Just Mortgages, said: “The political deadlock of […]

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The Intermediary Mortgage Lenders Association has called for cross-party cooperation to solve the UK’s housing issues. Kate Davies, executive director of IMLA, called for an end to the political sparring, now the General Election is done with. She said: “Even with a Conservative majority the challenges facing Britain’s housing market won’t be tackled by a […]

The post IMLA: Cross-party collaboration the answer to the housing crisis appeared first on PropertyWire.

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Foreign buyers should get on with investing in the UK property sector, now there’s more certainty regarding whether the UK will leave the UK. That’s the view of Patrick Alvarado, director of Knightsbridge estate agency Nicolas Van Patrick. He said: “Foreign buyers who might have hoped for a further reduction in prices and the currency […]

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The property sector has called for clarification on what’s going to happen to the Help to Buy equity loan scheme after 2023. A housebuilder, trade body and startup all raised the issue after the election result. John Newcomb, chief executive of The Builders Merchants Federation (BMF), said: “Early clarification on what the future holds for […]

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US Renters paid a record-high $512.4bn in rent in 2019 alone, nearly twice what they paid in 2009, Zillow analysis found. The current median rent is $1,600 per month, up 2.3% from a year ago. Rent prices have been on the rise since 2012, while they saw the biggest increase of 6.5% in the year […]

The post US renters spent $4.5 trillion on housing this decade appeared first on PropertyWire.

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