A Brexit-inspired holiday letting boom is expected to hit the South West this year, according to local holiday letting agency Bournecoast. The agency predicts there will be a considerable uplift in the number of people staying put and letting homes in coastal hotspots such as Bournemouth, Christchurch and Poole this year,...
The popularity of detached living has seen the average price of this property type rising by more than £125,000 in the past 10 years, according to online estate agents Housesimple. Its research found the average price of a detached house in the UK was £252,473 in January 2009. Today, a detached...
In a boost to a city still recovering from the scars of the Novichok poisoning scandal, Salisbury has been named as the best place to live in Britain by The Sunday Times. The Sunday Times Best Places to Live guide, in association with online mortgage broker Habito, was published on Sunday...
Global short-term rental company GuestReady has acquired BnbLord, the largest Airbnb management company in France, to form the GuestReady Group. The combined company will manage more than 2,000 properties with a wide range of services provided to property owners, agents and developers in Europe. GuestReady has acquired three competitors since its launch...
Crest Nicholson and M&G Real Estate have partnered for the fifth time to fund the construction of a second phase of private rented sector (PRS) properties in Berkshire. The phase aims to deliver a further 104 private rental homes in Arborfield Green – a new garden village of 2,000 dwellings just...
The E14 postcode area, which is home to Canary Wharf and the Isle of Dogs, is the capital’s most searched for rental location, according to research by property portal Zoopla. The area, also known as the Docklands, is home to some of the UK's biggest financial institutions, as well as the...
Landlord action to reduce higher tax costs could lead to a lower level of buy-to-let mortgage transactions going forward. That is according to Paragon’s latest PRS Trends Report for Q1 2019, which tracks the experience of more than 200 landlords with an average of 12.8 properties and over 20 years’ experience...
The current uncertainty being caused by Brexit has had a clear impact on the number of Chinese residential acquisitions in the UK, according to Juwai.com. The website, China's biggest international property portal, said Chinese property buying has waned as Brexit uncertainty has increased in recent months. The number of Chinese buyers...
Property Partner has announced its performance statistics since launch, and also over the last twelve months. According to the latest RICS valuations, the property investment platform noted that annual returns are around 7.2% per annum since launch, comprising of 2.8% capital growth and 4.3% net income. Over the last year, returns totalled...
Regional property auctioneer Auction House has delivered its best ever first quarter sales in its 12-year history. The group sold 762 lots between January and March 2019 – up 5.5% on the previous year – at a success rate of 74.4%, raising £87.9 million in the process. Roger Lake, founding director of...
New research has revealed that property investors can more than double the 8% yield the average landlord aims for by making effective use of data. Investment portal One & Only Pro said that if property buyers source the best deals in the best buy-to-let locations, rather than looking at the return...
More than nine out of 10 new-build homes in the UK have defects and almost 40% fail to meet their original deadline, a survey by the New Homes Review (NHR) has found. However, the research revealed that 65% of new-build homebuyers are satisfied with the condition of the property they purchased. The...
A north London couple are raffling their Grade II listed sprawling English estate, worth a whopping £5.25 million, for just £13.50, with bitcoin payments also accepted. Located just 14 miles from central London, the six-bedroom house boasts a cinema room, home gym, state-of-the-art kitchen, wine room and four acres of mature...
A number of property investors are in competition to be the first to generate £1 million by the end of 2019. The contest is being organised by Touchstone Education, a Doncaster-based wealth education training company. At the start of the year, around 40 contestants submitted a business plan and those who passed...
Allsop’s latest residential auction achieved a total of £57 million, with 258 lots offered and 192 lots sold. The auction was held at the InterContinental London Park Lane on 28 March, just a day before the original date for the UK’s proposed withdrawal from the EU. Despite economic uncertainty and turmoil...
An AI-led room rental platform has identified Europe's 'coolest rental neighbourhoods', with London continuing to be one of the continent's largest and most popular rental markets despite the ongoing uncertainty surrounding Brexit. According to Badi, the below locations are home to Europe's most in-demand rental neighbourhoods. London Shepherd's Bush – previously a shabby,...
The vast majority (98%) of homeowners have made improvements to their properties over the last five years, spending a total of £48 billion, according to a study by NAEA Propertymark. As the National Home Improvement Month begins, NAEA Propertymark has revealed the most popular changes that people have made in their home....
Townhouses have recently outperformed all other property types in the prime country house market, according to Knight Frank's latest Index. The agency's Prime Country House Index, which monitored price growth and market performance for prime country houses up to end of the first quarter of 2019, revealed that townhouses have seen...
Scottish landlords now face higher tax bills than their English counterparts, according to leading accountants French Duncan LLP. This is due to the reduction of tax benefits - introduced in George Osborne's 2015 Budget with the aim of discouraging buy-to-let investment - hitting Scottish landlords harder thanks to the higher rates...
Even though the government has tried to make life better for renters, the UK is still a long way from being a renter’s paradise. That said, it’s also a long way from being the worst country in the world in which to be a renter. It’s often said that one of the...
