The latest Barclays Property Insights report found that growth in rent and mortgage spending slowed to the lowest rate in 17 months, following the Bank of England’s base rate reduction on 1 August. In response, consumers are feeling more confident in their household finances, though some concerns around rent and mortgage affordability remain. Meanwhile, housing […]
Stark new research from Yorkshire Building Society suggests that a fifth (21%) of UK 18-to-34-year-olds and three fifths (59%) of those aged 35 to 54 are unsure if they will ever own a home or are not planning to do so at all. The mutual also asked would-be first-time buyers about the barriers preventing them […]
If the government does not stop imposing costly tax rises and legislation on private landlords, tenants will be left without homes, say leading audit, tax and business advisory firm, Blick Rothenberg. Heather Powell, head of property at the firm, said: “The statistics published today show that 2.81m individuals reported income from rental properties in 2022 […]
Precise, part of OSB Group, has relaunched their limited edition residential range as well as cutting rates across its entire range up to 105bps. The reintroduction of the limited edition residential range follows broker feedback and the 1% fee product provides wider choice for brokers and their customers. Highlights include: Residential limited editionlaunch on 2 year […]
European office take up reached 1.6 million sq m in Q2 2024, a 9% increase on the same period last year, according to Savills, taking H1 2024 take-up to 3.7 million sq m, a 5% increase on H1 2023, although down 7% on the five-year average. H1 2024 European office investment transactions reached €14.1bn, down […]
Dani Whitehead, chief marketing officer at Loqbox: “Zoopla has revealed that the rental market is cooling, with new tenancy costs rising at their slowest rate in nearly three years. Despite this, many tenants, particularly millennials (often dubbed ‘generation rent’), continue to face significant financial pressures, with rising living costs leaving little room for savings and making […]
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 important as priorities shift in the post-pandemic climate, according to new research from Market Financial Solutions. The London-based specialist lender commissioned an independent survey among 412 UK adults who have […]
UK commercial investment volumes and values will start to improve shortly, says Savills, after the first reduction in the Bank of England Base Rate at the start of August. In its latest Market in Minutes report, Savills reports that cross-border investment into UK commercial property reached US$14bn in the first six months of 2024, with the […]
The “better late than never” rate cut by the Bank of England serves to boost an already very busy property market, according to Home.co.uk’s Asking Price Index for August. A likely prolonged period of falling mortgage rates will most certainly stimulate demand and come to the aid of the five English regions which have yet […]
According to Savills latest research, AI-related companies are expanding rapidly across European cities, among the most quickly in Central London, upsizing at rates of up to ten times existing floorspace, as they compete to hire the best talent. Across Europe this year, Shoper Group signed for 600 sq m as a development centre for their […]
