Councils are spending £2.3 billion per year on temporary accommodation for the homeless, 97% more than five years ago. This also a 29% increase year-on-year, […]
Category: Real Estate
“People more interested in packing suitcases than boxes”, as house prices fall in August
House prices fell by 0.2% in August – while they’re still 3% below the all-time peak of the summer of 2022, Nationwide’s house price index […]
Twice as many restaurants close in London
Some 33 prominent restaurants in London closed their doors in the first half of the year, compared to just 14 during the same period of […]
Government unveils ‘New Homes Accelerator’ team to solve planning delays
The government will launch a team dedicated to helping developments get off the ground when they are stuck in the planning stage. The New Homes […]
Government’s 2030 EPC C target deemed “impossible”
The government’s aim of achieving an Energy Performance Certificate (EPC) rating of C across all rental stock is unattainable, 95% of people say. That’s according […]
Think tank urges radical changes to council tax, CGT and IHT
Labour has been urged to add two higher council tax bands and introduce steeper levies on empty homes in the Autumn Budget on October 30th. […]
Scotland’s additional dwelling supplement raising 30% of nation’s property taxes
The additional dwelling supplement (stamp duty surcharge) in Scotland raised £197.3 million in the past 12 months, 30.8% of the tax receipts north of the […]
Best schools command hefty house price premium – and the divide could widen
Living near ‘outstanding’ rated schools commands a house price premium – both compared to lesser rated schools and the surrounding area, analysis from estate agents […]
How will the UK property sector fair under the new Labour government?
By Reece Mennie, chief executive of Hunter Jones Group Last month’s General Election debate threw a number of key issues into the limelight, with housing […]
Two London tower block fires in one day – questions being asked about cladding
A Dagenham tower block caught fire today, resulting in the evacuations of 80 people within the building. Some 20 people were rescued by firefighters following […]
Prime market demand to be stifled by private school VAT decision
The Labour government’s decision to charge private schools VAT from January rather than September next year has created a mood of wariness that will hit […]
Seven reasons buy-to-let investments can fail – and how to avoid them
Emma Wells is managing director of lettings in the North at Leaders Romans Group The financial success of your buy-to-let depends on the investment making […]
Working in construction becoming more lucrative
It pays to work in construction, as wages have risen for five consecutive quarters amidst the renewed push to build more homes, the Hays/BCIS Site […]
Developer to build 237 homes in Surrey
Cala Homes has acquired a residential development site with a gross development value of £110m at Mindenhurst Village, Deepcut, in Surrey, to provide 237 homes. […]
Homes coming to West Midlands
Developer Spitfire Homes is building 61 homes in the West Midlands – in land previously occupied by the metalworking company Sandvik Coromant. Named Maybank, the […]
Auctions taking bigger proportion of property sales
Auction sales are rising in popularity since 2019, with traditional property sales falling over that time, analysis from iamproperty has revealed. Since 2019 auctioned sales […]
Three in five investors plan to buy more
Property investors have growing optimism in the market, as three in five (59.2%) plan to expand their portfolios within the next year, Property Hub research […]
Labour to raise social rents by more than inflation
Chancellor Rachel Reeves plans to impose above-inflation rental increases in the next 10 years in a bid to encourage more housebuilding. As reported in the […]
Developer: Time to give planning inspectors more power
PropertyWire’s Ryan Bembridge speaks to Robert Barton, group managing director of Tarn Homes, about increasing the quality and quantity of housing in the UK. Power […]
Nationwide unveils 3.78% mortgage rate
Nationwide Building Society has launched a mortgage rate at 3.78% for a 60% LTV 5-year fixed rate – currently the lowest on the market. The […]
Property owners urged to sell before the October Autumn Statement
People with property, shares or investments have been urged to sell or transfer them ahead of the Autumn Statement. It’s anticipated that Labour will hike […]
Homebuyers valuing transport links over space as priorities reverse post-Covid
UK homebuyers are placing far greater emphasis on transport links when looking for a home, while the square footage of a property has become less […]
Holiday let landlords benefit from more mortgage options
The number of buy-to-let mortgages allowing holiday let has gradually increased over the past two years, Moneyfacts analysis shows. There are now 445 products available, […]
Bank rate cut already fuelling activity
There’s been a 19% increase in potential buyers contacting estate agents since the Bank cut interest rates for the first time in four years, Rightmove’s […]
Right leaning think tank slams rent controls
Think tank the Institute of Economic Affairs (IEA) has published a report criticising rent controls – saying they result in higher rents for new tenants, […]
Landlord law expert slams lenient treatment of councils
Four social housing providers have received a slap on the wrist for failures, much to the frustration of Phil Turtle of Landlord Licensing & Defence. […]
Most buy-to-let landlords favouring 5-year fixed rates
Seven in 10 (71%) buy-to-let landlords are selecting a 5-year fix when remortgaging, a survey from Landbay has found. This represents an increase from under […]
When is it best to buy – when prices are rising or falling?
By Kevin Shaw, national sales managing director, Leaders Romans Group As a general principle, the best time to buy a property is when prices are […]
London property firm launches into Dubai
A London-based property management firm has launched a real estate offering in Dubai. SBA Properties said it will offer a diverse portfolio of properties spanning […]
Kamala Harris to back developers and hand first-time buyers incentives
Aspiring US President Kamala Harris has unveiled her housing plans ahead of the election taking place on November 5th. Harris wants the country to build […]
60 homes coming to Leicestershire
Allison Homes has acquired a site in the village of Anstey, Leicestershire, that will make way for 60 new homes. The development in Anstey will […]
Knight Frank: London market now building after pause for election
Housing market activity dropped in the run up to the UK general election, but early signs are that we’re seeing a post-election boost. In June […]
Rents far oustrip inflation and house price growth
The cost of renting has risen by 8.6% year-on-year according to the ONS – signalling that it’s getting tougher to tenants. This compares to wage […]
Landlords would leave if rent controls were introduced
A third of private sector landlords would sell properties if rent controls were introduced, research from research consultancy Pegasus Insight has revealed. Scotland has previously […]
Rental yields surprisingly reach 10-year high
Landlords are making 6.3% per year on their property investments, according to a report from lender Foundation Home Loans. Property investors typically borrow £665,000, which […]
Derelict West Yorkshire site to be transformed with 100 homes
Work to build more than 100 new homes in Upton in Pontefract, West Yorkshire, has begun at an abandoned parcel of land, replacing more than […]
Bridging lending breaks £200 million barrier in Q2
There was £201.8 million of bridging lender in the second quarter of 2024, outlining that more people are dipping into expensive short-term finance. Bridging is […]
New government, same old housing crisis
By Ritchie Clapson CEng MIStructE, propertyCEO The Department for Levelling Up, Housing and Communities is now the Ministry of Housing, Communities & Local Government (MHCLG). […]
Shojin partners with Southeast Asia’s largest digital securities exchange for alternative investments
The UK’s leading fractional property investment platform, Shojin Property Partners, has partnered with Alta to launch its offerings in Southeast Asia. Shojin is an FCA-regulated […]
RAW Capital Partners supplies large loan to refinance luxury courtyard development
RAW Capital Partners has completed a loan worth £5.3 million for a luxury courtyard development, which is valued at £9.5 million. The Guernsey-based lender and […]
Berkeley to build 10,000 homes
Some 10,000 homes will be constructed by developer Berkeley Group in the next five years. The company plans to buy new sites for the first […]
Nottinghamshire set for £29 million development
A 29 million multi-tenure development is coming to Nottinghamshire after Avant Homes was granted planning permission. There will be 104 new homes in Lynncroft, Eastwood, […]
Bellway looking to build 95 homes in Croft
Bellway Strategic Land is seeking planning permission for up to 95 new homes in Croft. An outline planning application has been submitted to Blaby District […]
Heat in Buildings Bill in cloud cuckoo land, says DJ Alexander
The targets contained in the Heat in Buildings Bill are too ambitious and impossible to meet, according to David Alexander, the CEO of Scottish property […]
RICS: Further rent rises in store
Rents will continue rising thanks to increased demand combined with dwindling interest from landlords, the RICS UK Residential Survey has found. An +18% net balance […]
Landlords worried about new government’s effect on the rental market
Four in five (79%) landlords don’t think the new government’s housing policies will improve the rental market, a poll from SpareRoom has revealed. As of […]
Kent development launches – PropertyWire
Housebuilder Crest Nicholson has launched a development in Faversham, Kent, called Crown Meadows. The properties are a mix of two to-five bedroom properties which are […]
Buy-to-let purchases at lowest level since 2016
Fewer rental properties are being purchased thanks to higher mortgage rates combined with hostile policies towards landlords, research from chartered accountants and business advisers Lubbock […]
More sellers come to market after election
Homeowners in Labour and Lib Dem held seats have been increasingly likely to put their homes on the market, pointing to the newfound certainty from […]
Rental properties must reach an EPC of C by 2030
Landlords must bring their properties up to a minimum Energy Performance Certificate bank of C by 2030, Labour has confirmed. Miatta Fahnbulleh, energy security and […]
Property industry backs pre-sale surveys
Over two-thirds (71%) of property professionals are in favour of pre-sale surveys to speed up the homebuying and selling process, a poll from Countrywide Surveying […]
EDITOR VIEW: One month of Labour – the good and the bad
It’s early days regarding this new Labour government, but early signs call for cautious optimism regarding the direction of travel for the UK. No more […]
EDITOR VIEW: One month of Labour – the good and the bad
It’s early days regarding this new Labour government, but early signs call for cautious optimism regarding the direction of travel for the UK. No more […]
Retirement properties with a tenant in situ can be a smart investment
James Adams, head of transactions, My Future Living The demand for retirement housing is on the rise, creating new opportunities for property investors seeking stability […]
Navigating the complex world of green building certifications
By Tasos Stavrou, vice president of global business development at LeadingRE In the ever-evolving landscape of global construction, sustainability has become a cornerstone of industry […]
London and South East accounting for half of capital gains
Some 50% of capital gains are being charged to people in London and the South East, likely due to the high cost of property in […]
Jersey landlords must get a license or stop renting out properties
Landlords in Jersey cannot rent out their property until they apply for a mandatory license, under new rules that came into force this week. Some […]
Legal expert advises on how to navigate family conversations about wills
Wills are a sensitive topic, especially when discussing with parents, children and other family members. Craig Ridge, contentious probate lawyer at Higgs LLP, offers expert […]
Bank of England makes first rate cut in four years
The Bank of England has cut the base rate to 5%, a reduction of 0.25%. The result only narrowly happened, as the Monetary Policy Committee […]
Generation Rent scorns increasing the proportion of the PRS to solve the housing crisis
Encouraging more landlords into the sector isn’t the way to deal with rental affordability, according to tenant campaign group Generation Rent. Instead, the group said […]
Buy-to-let rate reductions this week
A number of lenders have made tweaks to their buy-to-let ranges this week. Landbay Landbay has cut two-year fixed rates by up to 0.40% to […]
Cost of renting dramatically spikes in July
Rents rose by 20% in July across England, bringing the average price to £1,470, Goodlord’s Rental Index has revealed. They soared by over 40% in […]
Labour ups housebuilding target to 370,000
The Labour Party has increased the annual housebuilding target from its manifesto pledge of 300,000 to 370,000. This would bring the number of homes delivered […]
UK house prices on track for 2% increase in 2024
Zoopla expects UK house prices to rise by 2% over the course of 2024, as the market makes a moderate recovery from a slump in […]
Labour ‘considering’ raising Capital Gains Tax
It’s being speculated that the Labour Party could increase Capital Gains Taxes as a means of filling the hole in the UK’s public finances. It’s […]
Edinburgh’s growth labelled ‘inevitable’ due to unique circumstances
Edinburgh’s house price growth is inevitable due to its unique circumstances, according to Scotland’s largest lettings and estate agency DJ Alexander. The circumstances are the […]
Luxury living: an untapped property investment niche
One specialist sub-sector of the holiday home and leisure market remains highly attractive to asset managers, explains Jake Webster, managing director of global asset managers, […]
Office market to undergo transformation as flexible workspaces gain popularity
Office landlords in the UK are going to significantly increase the amount of square footage in their builds that is dedicated to flexible workspace, new […]
Rental platform offering three years of upfront rent raises funding
Rent2Cash, a startup offering up to three years’ rent to landlords, has closed on a €3 million pre-seed round. The firm, which has launched in […]
Small proportion of green belt land could gear up housebuilding
Some 1.5 million new homes would equate to using under 3% of the green belt, meaning the amount of land used to achieve Labour’s housebuilding […]
Drones now being used for roof inspections
Drone technology is being utilised by block and estate managers LRPM in tandem with technology company Birds Eye View Aerial Surveys, which they claim cuts […]
Business rates tax system branded ‘broken’
Colliers has labelled the UK’s business rates tax system ‘broken’, because governments are losing out on millions of pounds of council tax income due to […]
Bellway to build homes in North Tyneside
A 539-home development is coming to Killingworth in North Tyneside, after Bellway and Banks Property acquired a 90-acre site. Bellway’s ‘Western Grange’ scheme will feature […]
Labour urged to use migration to tackle construction skills shortage
The Building Cost Information Service (BCIS) has called on Labour to address the skills shortage in the construction industry via migration in the short-term. The […]
Zoopla: All letting agents must be formally trained
Letting agents should all be formally trained as part of Labour’s Renters Rights Bill, Zoopla has urged. The firm’s lettings advisory board sent a letter […]
New homes launch in Worcestershire
Some 22 homes are being launched in Evesham, Worcestershire, by Kendrick Homes. Properties at ‘Maypole Place’ start at £295,000, while there are 2, 3 and […]
Tips for landlords on letting premises
By Steve Cook, lawyer and commercial property expert at Parfitt Cresswell As a landlord, or a potential landlord, you will want to maximise the return […]
Home insurance providers slammed in Which? Study
Insurance firms are handling claims slowly – as well as forcing customers to chase them, an investigation from consumer champion Which? has revealed. Almost half […]
Better evictions process would attract new landlords
Two thirds (64%) of landlords would further invest into buy-to-let if the evictions process was sorted out or made more efficient, research from Pegasus Insight […]
Abolition of Section 21 notices
Jessica Harris, senior associate in the property department at Hunters Law. The new Labour government used the King’s Speech to set out plans to immediately […]
What does Labour mean for the housing market and is now the right time to jump on the ladder?
Mehran Charania, director of Ready Steady Store In recent times, the UK property market has been nothing short of turbulent. Rising mortgage rates and the […]
More younger buyers dipping into buy-to-let
The age of landlords acquiring new rental property has fallen due to an influx of investors in their 30s, Paragon Bank research has revealed. The […]
Nearly half of tenants want rent controls
Nearly half (45%) of tenants want the new Labour government to bring in affordability and rent controls, putting them at odds with landlords, a survey […]
Legal expert condemns ‘sensationalist’ Generation Rent on working from home debate
Lara Nyman, a real estate disputes expert at Seddons, has hit out at tenant campaign group Generation Rent for sensationalising the issue of landlord-tenant disagreements […]
Build-to-rent scheme coming to Milton Keynes
Some 355 build-to-rent apartments are being delivered in Milton Keynes city centre. The 20-storey scheme will include studio, one, two and three-bedroom apartments, landscaped terraces, […]
Renter satisfaction higher in PRS compared to social rental sector
Private renters are more satisfied with their accommodation than those in the social rented sector, the government’s English Housing Survey shows. In 2022/23 82% of […]
King’s Speech: Rental rights are growing – how our government can make the new bill a success
Housing has been a priority since day one of the new Labour government, with its promised 1.5 million new homes getting a good mention in […]
Auction sales rocket by 50% – but are they too risky?
An increased number of property investors are turning to auctions, but a property solicitor has warned people to do their homework first or risk a […]
King’s Speech: Key housing policies unveiled
The Labour Party’s key policies around the private rented sector, leaseholds and new housing developments have been unveiled in the King’s Speech today. King Charles […]
Joe Biden pushes for soft rent controls across the US
US President Joe Biden has pledged to penalise big ticket landlords who increase annual rents by more than 5% per year. The proposal, which would […]
Leeds suburb being constructed with £25 million deal
The creation of a new neighbourhood in Leeds is continuing after Hampshire Trust Bank helped a property group raise £25 million against a parcel of […]
More older people pushed into rental accommodation
The number of people renting between the age of 55 and 64 has risen by 80% in a single decade, suggesting the cost of housing […]
Law firm urges Labour to be persuasive and brave on grey belt
Labour’s new ‘grey belt’ initiative needs to be ‘persuasive’ due to the contentious nature of the policy. That’s according to Fergus Charlton, a partner in […]
Development firm: Time to return to Major Developed Sites system
The new Labour government needs to bring back land designated as Major Development Sites (MDS), according to planning and development consultancy Lichfields. Before 2012 locations […]
Derbyshire home to the most affordable new builds
Erewash in Derbyshire has the lowest median price for newly built housing out of all local authorities in England and Wales, analysis from One Sure […]
Surveyors optimistic about the housing market after the election
Over the next three months a net +20 of surveyors anticipate a recovery in residential sales, highlighting the positive effects of Labour’s landslide election victory, […]
New development coming to southwest Hampshire
Planning permission has been granted for the building of 164 homes on the edge of New Milton in southwest Hampshire. Danes Park will deliver a […]
SME housebuilders urge for more planning funding
Over half (52.5%) of SME housebuilders have called on Labour to provide more funding for planning departments, a Knight Frank survey has revealed. So far […]
Government urged to regulate agents in open letter
Estate agency and other property groups have written to new housing secretary Angela Rayner asking for regulation to be introduced in the sector. In an […]
Investors see Edinburgh as hotspot
The vast majority of investors are open to investing in Edinburgh in the second half of 2024, research from Lismore Real Estate has found. Some […]
London rents drop for two consecutive quarters
Rents in London have dropped for the second consecutive quarter – fuelled by strong reductions in SW14 Mortlake (-9%), W8 Holland Park and NW5 Kentish […]
Landlord and tenant groups clash on working from home rules
Generation Rent and Shelter have slammed the growing trend of landlords banning their tenants from working from home. As reported by The Independent, there’s been […]
Generation Rent bemused by ‘safer renting’ scheme anxiety
Campaign group Generation Rent has defended ‘safer renting’ schemes from councils, saying their purpose is to raise standards without fining landlords – rather than being […]
The future of Islamic finance in the UK
After launching Islamic buy-to-let products into the market, PropertyWire speaks to Sultan Choudhury OBE, executive chairman at Offa, about the future direction of the company, […]
Landlord returns have dropped by 45% since 2020
A property investor taking out the average buy-to-let mortgage is earning £4,000 less a year per property compared to 2020, analysis from personal finance site […]
Developer looks to buy “dirty land” to ramp up housebuilding
Wavensmere Homes is seeking brownfield sites at least three acres within city centres and towns across the Midlands as it looks to kickstart new housebuilding […]
Matthew Pennycook is new housing minister
The Labour Party has made Matthew Pennycook, the MP for Greenwich and Woolwich, its housing minister. Pennycook has been shadow housing minister since 2021, while […]
Property industry optimistic about new Labour government
People from across the property industry seem largely optimistic after Labour secured a landslide victory at the General Election. While landlord groups are worried about […]
First-time buyers surprisingly unaware of Help to Buy
Some 88% of first-time buyers are unaware of Help to Buy according to Barratt Homes, suggesting the next government needs to drive up awareness. Labour […]
Property firms should brace themselves for calls about Stamp Duty if Labour wins
Agents should expect a spike in calls after the election is called, as stamp duty thresholds are called into question. Labour has confirmed that the […]
Can Labour’s ambitious green energy agenda become reality by 2030?
With a new Labour government now in power, what does it mean for the energy industry? Laurence Lacey, a partner in the commercial property team […]
Angela Rayner replaces Michael Gove as housing secretary
Angela Rayner has been appointed levelling up secretary, a role commonly also known as housing secretary. She replaced the outgoing Conservative minister Michael Gove, following […]
Angela Rayner mindful of court system in scrapping Section 21
Newly appointed housing secretary Angela Rayner has acknowledged that the abolition of Section 21 evictions needs to be accompanied by a functioning court system. The […]
Real estate has a mental health issue
People working in the real estate industry have the highest occurrence of mental health issues of any industry, research from mental health support app Wysa […]
2 million UK renters don’t have a smoke alarm
Just over 2 million people in rented accommodation don’t have a fitted smoke alarm, amounting to a huge 17% of the UK’s renters. People living […]
Conservatives vs Labour: Housing plans and proposals
Who should you vote for in today’s election between Labour and the Conservatives? Lettings platform Goodlord compares the housing polices of the two major parties. Housing […]
Economist cynical about Labour’s ‘lofty’ housebuilding ambitions
An economist from the Building Cost Information Service (BCIS) has poured scorn on Labour’s ambitious housebuilding plans, saying they have no way of controlling supply. […]
Labelling Labour as “hard-left” tax grabbers is pure fiction
It’s been a strange General Election campaign. Rishi Sunak has cut an exhausted figure as he defends the Conservative record on national TV, before being […]
Rental growth accelerates with 4% increase in single month
Rents rose by more than 4% month-on-month between May and June – from £1,183 to £1,225, Goodlord’s Rental Index has revealed. The highest monthly increase […]
Alan Cleary named Chair of Chetwood Financial’s Mortgage Advisory Board
Alan Cleary, the renowned mortgages expert who has more than 30 years’ experience in the industry, has been appointed as Chair of Chetwood Financial’s Mortgage […]
NRLA urges parties to fix ‘broken’ housing benefit system
The National Residential Landlords Association has called for housing benefit rates to be permanently linked to the bottom 30% of rents during the duration of […]
Five flats producing £40,000 rental income in Birmingham up for auction
A property in one of Birmingham’s prime suburbs where five self-contained flats produce rents of nearly £40,000 a year is appearing in Bond Wolfe’s next […]
Haringey has fined landlords over £100,000 so far in 2024
Haringey Council has so far issued fines totalling £108,000 to landlords and letting agents who have failed to license their houses in multiple occupation (HMO) […]
Shawbrook loosens lending criteria for professional landlords
Shawbrook Bank has boosted its offering to professional landlords by expanding lending criteria for MUFBs, industrial properties and social housing. The bank now accepts first-time […]
Residents unaware of radon risk in their home
Just one in five UK residents is aware of the potential health risks of radon gas, a leading cause of lung cancer, research from Go.Compare […]
UK house prices ‘8% over-valued’, says Zoopla
UK house prices are currently 8% over-valued – but this phenomenon should be over by the end of 2024, Zoopla said in its house price […]
Property activity rises despite General Election
Properties are changing hands more than last year, signalling that buyer appetite has stayed at a moderate level despite the upcoming General Election, HMRC data […]
Leasehold Reform Act could take years to come into force
Measures in the Leasehold Reform Act may not be operational until 2028, a property lawyer has warned. The law scraps leaseholds on new houses and […]
Landlords have little faith in housing policy ahead of the General Election
A large number of landlords don’t think much to any party’s approach on housing, signalling that they might end up voting for parties on other […]
Councils slammed for hammering holiday lets over empty homes
The Short Term Accommodation Association has accused councils of cracking down on short-term rental stock rather than concentrating on bringing empty homes back into use. […]
How holiday let landlords can prepare for new regime
The holiday let regime is being replaced on April 5 2025, as the UK government looks to put landlords who operate short-term rentals like Airbnbs […]
Trade body urges government to review loan-to-income mortgage limits
The Intermediary Mortgage Lenders Association (IMLA) has called for regulators and the next government to review loan-to-income limits on mortgage lending. The Bank of England’s […]
The impact of the Leasehold and Freehold Act on local authorities
By Jeremy Dharmasena, head of leasehold reform & litigation, Knight Frank, part of the Association of Leasehold Enfranchisement Practitioners (ALEP) The Leasehold and Freehold Reform […]
Office landlords risking closure – PropertyWire
More than one in seven office landlords are at risk of closing in the next five years due to affordability concerns, research from infinitSpace has […]
IFS blasts political parties for avoiding “painful choices” on tax and spending
Think tank the Institute for Fiscal Studies has accused both Labour and the Conservatives of failing to acknowledge that either taxes need to raised or […]
Tenants back rent controls – PropertyWire
Over half of private renters (55%) think the government should introduce rent controls, putting them at odds with the majority of landlords. The poll was […]
With the looming possibility of a socialist government in a few weeks’ time, how will it affect the residential property market?
By Trevor Abrahmsohn, Glentree International Well, well, well, who would have ‘thunk’ it? In December 2019, when Boris Johnson came storming in on a white […]
What due diligence should you carry out when purchasing land for development?
Yulia Barnes, the founder and managing partner of Barnes Law Land and property are among the few assets that typically appreciate in value, making them […]
Landlord frustration as court fees rise despite egregious wait times
The cost of court fees rose by 10% in May, rubbing salt in the wounds for landlords frustrated by the terrible service they’ve received in […]
For-profit housing providers set to have bigger impact on UK market
Institutional investors and for-profit registered providers are expected to triple their portfolios of affordable housing to over 86,000 by 2028, as predicted by Knight Frank’s […]
Trade body calls for regulation on housing ventilation
The Property Care Association wants regulatory action to shield householders from the dangers of damp and mould in their homes. Sarah Garry, chief executive of […]
Scottish housing minister backs rent controls ‘that work for landlords and investors’
Scottish housing minister Paul McLennan has targeted having rent controls that still enable landlords and investors to benefit from housing. Speaking in Holyrood, McLennan said […]
Political parties must shift focus to rental supply, says NRLA
The National Residential Landlords Association has accused the main political parties of failing to come up with solutions to the shortage of homes for private […]
Tenants cutting back on food and heating due to 30%+ rent rises
Tenants who’ve recently moved house are struggling to cope with higher rental costs, according to a survey from The Deposit Protection Service. Of those who’ve […]
Inflation reaches 2% target – PropertyWire
The annual inflation rate fell to 2% in May, meaning it’s finally reached the Bank of England’s long-term target. This represents a drop from 2.3% […]
Development land – when should I sign a land promotion agreement?
Jane Gunnell, commercial property solicitor at law firm landy & Blandy, explains the role of a land promotion agreement and when a landowner should sign […]
Leaseholds set for further reforms
Whichever party gets into government in the upcoming General Election, more leasehold reforms are on the cards. The Leasehold and Freehold Reform Bill was rushed […]
Generation Rent: Capital Gains tax break should give discount to tenants
The Generation Rent activist group says landlords should sell to their tenants at a discount if they are getting a hefty reduction in Capital Gains […]
115 homes coming to Welsh town
Developer Lovell and housing association Pobl Group have started on a £28.65 million development in Haverfordwest, a historic county town in Pembrokeshire, close to the […]
Labour sparks fears by pledging to ‘immediately’ scrap Section 21
The Labour Party has pledged to abolish Section 21 evictions ‘immediately’ in its manifesto, prompting anxiety amongst property groups. Section 21 evictions were due to […]
Labour Party manifesto – summary and reaction
Housing targets The Labour Party pledged to build 1.5 million new homes over the course of the parliament. While this is lower than the housing […]
Green Party pledges rent controls, insulation and heat pump spending
The Green Party has unveiled its party manifesto, which includes a plan to control rents. Any MPs elected for the Greens would campaign for councils […]
Rogue landlord hit with £13,500 fine for mouldy HMO
A north London landlord has been fined £13,500 for failing to address issues of damp and mould in four of his eight flats. He was […]
Mortgage delays and property chains blamed for most gazumping cases
Homebuyers are being gazumped due to lengthy property chains and delays in getting a mortgage, new research from Market Financial Solutions has revealed, with many […]
Conservatives pledge to relaunch Help to Buy
Rishi Sunak PM has vowed to launch a “new and improved” version of the Help to Buy equity loan scheme if the party were to […]
Conservative manifesto shows party ‘out of ideas’
Simon Gerrard, managing director of Martyn Gerrard Estate Agents, responds to the Conservative Party’s manifesto These proposals by the Conservatives are devoid of imagination and […]
Property investors and a Labour government
Ritchie Clapson, co-founder, propertyCEO For many, a weekend of sunny weather in May marked the start of summer. Yet, in characteristic style, the miserably grey […]
Conservatives pledge to retain first-time buyer stamp duty cut
The Conservative Party would permanently cut stamp duty for first-time buyers if re-elected, it’s being widely reported. As it stands first-time buyers don’t pay stamp […]
Permanent £425k stamp duty threshold would mostly aid southerners
First-time buyers in the South of England who buy costlier properties would be the real winners if the minimum stamp duty threshold of £425,000 was […]
Energy bills to remain high for six years
Energy bills are expected to remain high for at least six years, owing to delays to the construction of nuclear plants, according to analysis from […]
Legal & General’s build-to-rent development opens to first residents
The first 400 residents have moved into Legal & General’s £400 million build-to-rent development in Wandsworth, London. New Acres is set to transform a six-acre […]
The ECB cuts rates – could the BoE follow suit?
The European Central Bank has cut its key deposit rate by 0.25% to 3.75%. This is the first rate cut it’s made in five years, […]
Nottingham waterside building to be converted into build-to-rent
Nottingham’s Grade II listed former British Waterways warehouse is being transformed into a build-to-rent residential scheme. The £13 million project is being developed in partnership […]
HomeLet CEO slams government and says rental demand “out of control
Demand for rentals is once again out of control this summer, as HomeLet’s chief executive Andy Halstead hit out at the government for failing to […]
Councils failing to inspect hazardous housing
Just a third of complaints raised by renters about potentially hazardous properties led to an inspection, highlighting that some rogue landlords are being allowed to […]
Labour to launch Help to Buy-style ‘Freedom to Buy’ scheme
The Labour Party plans to bring forward a permanent version of the Help to Buy mortgage guarantee scheme – dubbed Freedom to Buy. The mortgage […]
NCG partners with Locale to strengthen the occupier experience across UK commercial real estate
Digital infrastructure specialist NCG has partnered with UK’s leading occupier experience platform, Locale, to allow commercial landlords to create smarter buildings that offer a seamless […]
Mortgage lender for over-50s ups max loan values
LiveMore has increased the maximum loan value across its core range of products from £1 million to £1.25 million. The borrowing increase applies to LiveMore […]
Butterfield Mortgages appoints Ashley Titley as Relationship Manager
Prime mortgage lender Butterfield Mortgages has appointed Ashley Titley as a new Relationship Manager. Titley has worked in the property and mortgage industries for almost 10 years, […]
Multiple Dwellings Relief ends – what this means
The abolition of Multiple Dwellings Relief for stamp duty has come into force, meaning investors who buy properties in bulk can no longer get a […]
More landlords investing in semi-commercial properties
Investors are increasingly buying semi-commercial properties – as applications with one lender have doubled in 2024 compared to 2023. So far this year 24% of […]
Molo buy-to-let mortgage rates up by 0.33%
Molo Finance now offers buy-to-let rates from 4.72% for a 2-year fixed rate mortgage to 75% LTV, following a series of rate cuts. Its 5-year […]
Rents heat up ahead of the summer
Rents rose to seven-month high of £1,183 in May, rising by 6.4% year-on-year, Goodlord’s Rental Index has revealed. The average rent is up by 1.4% […]
Tech most important when businesses are choosing a flexible workspace, study finds
Three in ten (31%) senior decision-makers within UK businesses view the technology available in a flexible workspace as the most important factor in their choice, […]
Pet charity to continue fighting after Renters Reform Bill abandonment
East Midlands pet charity AdvoCATS has vowed to fight on after the Renters Reform Bill was dropped due to the General Election. As stipulated by […]
A quarter of tenants spend over half of salaries on rent
Over a quarter (27.3%) are now spending at least half of their take-home salary on rent, research from tenant and landlord services provider Canopy has […]
Scottish Housing Podcast launches – PropertyWire
A podcast has launched featuring interviews with politicians, economists, and industry insiders in Scotland. It is hosted by BBC Scotland property expert Brian Gilmour, as […]
House prices tend to rise after elections
House prices have risen by an average of 4.6% in the 12 months after UK General Elections, research by Compare My Move has revealed. On […]
We need to keep building towards sustainability
The construction sector should not use the Scottish government’s abandonment of its interim climate change target to slow its commitment to achieving Net Zero By […]
John Lewis calls for brownfield development zones to boost supply
John Lewis has urged for the next government to use brownfield development zones to speed up planning and deliver more housing. Writing in The Telegraph, […]
Housing supply at eight-year high
Supply of homes for sale is 20% higher than this time last year, with £230bn worth of housing for sale, Zoopla has revealed. As it […]
Haringey couple fined £10k fine for unlicensed HMO
A landlord couple have been fined £10,000 in Haringey after failing to license their property. What was originally a family home was occupying seven different […]
Investors lean Conservative but feel “everyone is anti-landlord”
Landlords favour voting Conservative in the upcoming election but many are undecided – feeling that neither party represents their interests, Landbay research has found. Nearly […]
Leasehold and Freehold Reform Bill receives Royal Assent
The Leasehold and Freehold Reform Bill has been granted Royal Assent after being rushed through the House of Lords on Friday. The bill makes it […]
Irresponsible to let the Renters Reform Bill die
It seems like Rishi Sunak has pulled the rug under everyone’s feet with the timing of the General Election on July 4th. It’s unclear exactly […]
Expert reacts to ‘piecemeal’ Leasehold and Freehold Reform Bill
Mark Chick is director of the Association of Leasehold Enfranchisement Practitioners (ALEP), which specialises in lease extension, freehold acquisition and leasehold enfranchisement In what are […]
A General Election wishlist from Pye Homes
As the UK prepares for a General Election on July 4th, and the general public begin to consider the changes they would like from the […]
Where is the Residential Property Market going – up, down, or sideways?
By, Trevor Abrahmsohn, Glentree International Market commentary must be so confusing for ‘the man on the Clapham omnibus’. If I’m confused, and I have been […]
Industry disappointed in ‘death’ of Renters (Reform) Bill
The Renters (Reform) Bill is now unlikely to pass after it wasn’t heard in parliament on Friday. This has caused lots of disappointment from the […]
Leasehold and Freehold Reform Bill rushed through the Lords
The House of Lords has voted to pass the Leasehold and Freehold Reform Bill in a last-minute scramble. The rushed nature of the bill means […]
Knight Frank downgrades prime house price expectations
Knight Frank expects prime central London house prices to fall by 1% this year, down from a prediction of a 1% rise in January. This […]
Michael Gove quits ahead of General Election
Housing Secretary Michael Gove has stepped down as a member of parliament after Prime Minister Rishi Sunak called for a surprise General Election. Gove championed […]
Renters (Reform) Bill in danger of being killed off by General Election
The Renters’ (Reform) Bill will be lost unless it’s rushed into legislation before parliament is dissolved on the 30th May. The bill, whose most high-profile […]
Industry looks forward to clarity in upcoming general election
Property commentators are pleased we’re heading for a summer general election, given that it’s likely to give the industry clarity on the state of the […]
Farm building conversions given green light thanks to changing regulations
New permitted development rights (PDR) now allow for the conversion of unused buildings into homes, shops, cafés, sports facilities and a variety of other commercial […]
Rishi Sunak calls 4 July election
Prime Minister Rishi Sunak has called for a surprise general election on the 4th July. Sunak made a statement outside Downing Street, saying he had […]
House of Lords group frustrated by government on lettings regulation
The government has been blasted by a House of Lords group for failing to discuss lettings regulation, despite launching a call for evidence on the […]
HMRC cracking down on Airbnbs
HM Revenue and Customs probed into nearly 2,000 holiday let landlords in 2023-24, a 20-fold increase on 2021-22. The figures, obtained by The Telegraph via […]
Labour split on rent controls
The Labour Party is considering controlling rents in certain hotspots according to shadow chancellor Rachel Reeves – despite it not being ‘national Labour Party policy’. […]
Renewing tenants experience steep rent rises
Tenants renewing an existing contract to stay in the same property are seeing their rent begin to catch up with those rents being achieved on […]
