Delhi is the urban centre offering the most space for the average UK house price of $300,000, research from real estate marketplace Point2 has found. That money will buy you almost 5,000 square feet in Delhi, compared to just 359 in London. In Canada Ottawa offers the most space, at 1,444 square feet. Looking at […]
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October proved a slower month for the UK rental market, with the average cost of rent falling and void periods increasing in all regions, property technology company Goodlord has found. Across the UK the average cost of rent decreased by -9%, with the South West seeing the biggest reduction (-26%). Void periods rose to 23 […]
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NatWest’s launch of a green mortgage last week means there are two big-hitting lenders competing in the same space. Barclays was the first UK lender to launch a green mortgage in 2018, so it’s healthy that two lenders could potentially drive rates down. There’s an economic argument for these types of mortgages, as living in […]
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John Redwood, chief global strategist for Charles Stanley Prior to the pandemic hitting, the prospects for property investment looked good. The income available on putting your money into good quality offices or warehouses was generous compared to the income on shares or bonds. In the UK most tenancy agreements were based around regular upwards only […]
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Yearly house price growth increased to 5.8% in the year to October 2020, Nationwide’s House Price Index has found. This represents an increase from the 5.0% growth in September 2020. Monthly price growth has slowed from 0.9% between August and September to 0.8% between September and October. Robert Gardner, Nationwide’s chief economist, said: “Data suggests […]
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Pet ownership has jumped during the pandemic, however only 2.8% of UK rental properties are advertised as being pet friendly, Home Made research shows. Plymouth is home to the most pet friendly rental properties, with 8% of rentals welcoming pets, followed by Edinburgh (6%). However in Belfast and Leicester there are no pet friendly properties […]
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The government is launching a review into legislation which enables people to build their own homes. Housing Secretary Robert Jenrick MP made the announcement on Right to Build Day on Friday. Councils keep a register of those who wish to build in their local area, and by 30 October each year they should have granted […]
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Paul Howells, chief executive, Accumulate Capital It’s hard to understate the impact of the stamp duty land tax (SDLT) holiday on the UK’s property market. The reform was announced at a time when the property market was reeling from the sudden drop in transactions as a result of the COVID-19 lockdown measures. Following the introduction […]
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Rapidly rising house price growth across the US has started to stabilise, Zillow’s weekly market report has found. The median sale price was $288,225 in the week ending September 12, up 11.4% since 2019 and 0.2% week over week. Cities where properties sold for far more than last year include Memphis, TN (19.9%), Buffalo, NY […]
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James Blakey is planning director of Moda Living, a build to rent developer and operator Planning for the Future is an ambitious attempt by government to revolutionise the planning system. There is much to be welcomed but much clarification and debate is required. Will the White Paper lead to a step-change via the Prime Ministers […]
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