With it being predicted that 800,000 to one million homes in Spain are owned by British citizens, with 381,000 of those currently residing in Spain, an international law specialist has advised that UK homeowners in the country must get their estates in order. Since the 1960s, British citizens have flocked to...
In his major ‘new deal’ speech last week, where he stood in front of a lectern with the slogan of ‘Build, Build, Build’ and set out how the UK is going to recover from Covid-19, Boris Johnson outlined a number of proposed changes to Britain’s seven-decades old planning system. This included...
Following the reopening of England’s housing market in May, the sector has seen a bounce back. Pent-up demand during lockdown has meant house buyers and renters are determined to push forward with their new home ambitions. According to Rightmove, the average asking price of property brought to the market in England...
Demand from UK property investors looking to purchase homes abroad has reached record-breaking levels in recent days, according to Rightmove Overseas. Following the government's announcement that travel to and from certain destinations will be allowed without the need to quarantine, searches on Rightmove Overseas hit an all-time high on Sunday June...
The Oaks – Student Roost’s 50th student accommodation, situated near Warwick University - is on course to open early, it has been revealed. Student Roost has received the keys for the first phase of The Oaks, a brand-new student accommodation property in close proximity to the popular campus-based university. The Oaks is,...
Knight Frank’s latest Global Residential Cities Index, which tracks the movement in mainstream residential prices across 150 cities worldwide using official statistics, has revealed that Manila was the city with the highest rate of annual growth in the year to March 2020 (rising by 22%). The capital of the Philippines, which...
A niche, but much-discussed, sub-sector of the rental market, co-living has never really taken off in the UK in the way it might have been expected to. While it shares many similarities with Build to Rent and purpose-built student accommodation (PBSA), with its millennial target base, shared facilities and community events,...
On June 23, the day that Boris announced July 4 as the date for the easing of lockdown in England, Sykes Holiday Cottages, the UK's leading and fastest-growing independent holiday cottage rental agency, registered over 276,000 sessions on its booking platform and took a staggering 400 real-time bookings each hour. Sykes...
Landlords and property investors have taken a financial hit in the wake of the coronavirus pandemic as the number of letting agents witnessing rent increases hit an all-time low in May. ARLA Propertymark's Private Rented Sector Report suggests that many landlords have chosen not to increase rents recently in an effort...
A retirement village expert has acquired a site in the heart of West Byfleet in Surrey, with plans for a ‘new sustainable, integrated development’ close to existing amenities and services within ‘the thriving community’. Retirement Village Group (RGV) – which opened its first retirement village, believed to be the first anywhere...
Restrictions on house moves in Scotland were relaxed from Monday (June 29 2020) as part of the Scottish Government’s four-phase routemap through and out of lockdown. According to guidance from the Scottish Government, the following activities are now allowed: Visiting estate or letting agents, developer sales offices or show homes Viewing residential properties...
Despite the uncertainties posed by coronavirus for the higher education sector, new student accommodation developments are showing no signs of slowing down. Here, we explore two of the latest. Maven advises IPIM in acquiring Centro House in Stirling IP Investment Management (IPIM), a Hong Kong-based boutique real estate investment manager, and Maven...
The nation's property investors are increasingly looking to grow their cash reserves and expand their portfolios, according to Mortgages for Business. The specialist buy-to-let (BTL) broker reports that 30% of investors are taking out a remortgage with the aim of building a 'war chest' to purchase further properties. Some 46% of professional...
Kent Reliance for Intermediaries and Ernst & Young (EY) have collaborated to create a guide for property investors on the changes to the UK tax system. The guide, which is titled ‘Changes to UK Tax Relief on Finance Costs’, has been produced to inform its intermediary partners on the key considerations...
Since lockdown, we have witnessed an increased focus on overseas properties, with many UK buyers using the extra time at their disposal to strategise, plan ahead and work out which markets offer the best returns. Some will be experienced investors, looking to grow their portfolios abroad, while others might be buying...
Earlier this month, we ran a two-part series on Paul Hanafin - who successfully moved from busking to a £1 million property portfolio. Here, we check in with him again for his advice on investing in the current landscape - which is still completely dominated by Covid-19. "What has been happening...
Ombria Resort – a ‘world-leading luxury real estate development in the heart of the Algarve’ – recently announced that Pontos Group, a Finnish family office, will invest around €30 million into the construction of the Alcedo Villas, a set of 12 luxury detached villas. A development in the Eastern Algarve...
A leading property market commentator suggests that an urgent review of Stamp Duty Land Tax (SDLT) and Land and Buildings Transaction Tax (LBTT) in Scotland is needed to kickstart the UK economy following the Covid-19 pandemic. David Alexander, joint managing director of apropos, points to the latest HMRC transactions figures, which...
Unite – one of the largest providers of student beds in the UK – recently announced the successful completion of the placing it carried out, raising gross proceeds of around £300 million. Placing Shares were issued at a price of 870 pence per share, with the placing price representing a discount of...
At its recent live stream auction (Wednesday June 17 20020), Auction House London broke two records, with 85% of the lots offered successfully selling remotely. The company’s third live stream sale since lockdown – which prevented in-person auctions from taking place - proved to be another huge success for the firm,...
