Prime residential property in world city locations remained resilient over the first half of 2024, recording an average growth of 0.8% and outperforming the 0.6% growth predicted for 2024 as a whole. 60% of the thirty cities analysed in the Savills Prime Residential World Cities index have seen positive capital growth reflecting a level of […]
Continued high build costs, planning delays and debt finance costs have impacted prices being paid for sites across the South East, according to SHW’s Q3 2024 Development Focus. Tim Hardwicke, SHW’s partner and head of agency, comments: “Despite this, there is activity in both the residential and commercial development markets, although developers are being more […]
This year to date has seen a slow take up across the South East office market after an improved 2023, according to SHW’s Q3 2024 South East Office Focus. However, Brighton has been an exception to this trend. Tim Hardwicke, SHW’s partner and head of agency, comments: “Although the office market has slowed, there have […]
Figures from Savills latest Big Shed Briefing show that 48% of UK industrial transactions (units of 100,000 sq ft +) occurred in the Midlands, up from the 10-year average figure of 36%. Deals in the first half grew to 22 from 16 compared to this stage last year. In 2023, take-up in the East Midlands […]
Buy-to-let lender Landbay has strengthened its product offering with a brand-new range of non-portfolio products, all while making further rate reductions and new product additions. The new non-portfolio product range is designed for landlords with three or less mortgaged properties. It includes five-year fixed rate products, available at up to 75% loan-to-value (LTV) and with […]
London’s £5m residential market remained resilient over the second quarter of 2024, according to the latest research from property firm Savills, as transactions remain significantly stronger than the pre-pandemic average. Across the whole market, there have been 120 £5m-plus sales in London during Q2, both second-hand and new build. While this is -15% below Q2 […]
UK Finance today releases its buy-to-let update for Q1 2024, alongside its report ‘The Shape of Buy-to-let.’ This report examines the buy-to-let market to look at why landlords are falling into arrears. Key information The volume of lending for buy-to-let (BTL) house purchases more than halved over the course of 2023, with the number of […]
Landlord research carried out by mortgage market specialist Pegasus Insight sheds light on those factors which would encourage landlords to invest more in the buy-to-let sector. The research reveals that sorting out the evictions process and making it more efficient is the primary driver, cited by 64% of all landlords. Lower taxes are next on […]
According to Savills, improving investor sentiment has progressed into yields hardening in some UK commercial property sectors, with high street retail yields coming in by 25 basis points and further downwards pressure being exerted on them, and the same pressure being reported on shopping centres, London leased hotels, and foodstore assets. In its latest Market in […]
Unless Labour has a solution that enables buyers to afford to buy houses, therefore incentivising builders to build, they will still be stuck with a housing crisis, a stagnant property market and an undelivered promise, say leading, audit, tax, and business advisory firm, Blick Rothenberg. Heather Powell, head of property at the firm, said: “The […]
