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 […]
According to Savills latest Big Shed Briefing, UK take-up of industrial & logistics space (units of 100,000 sq ft+) reached 16.82 million sq ft in the first half of 2024, a 44% increase when compared with H1 2023 and 13% above the long-term average. This can be attributed to improved market sentiment in light of […]
The West Midlands Combined Authority (WMCA) has agreed a multi-million-pound investment that will help to kickstart the regeneration of the important Gateway site in Stratford-upon-Avon. The WMCA has agreed in principle to provide funding to deliver 118 new homes on the part of the site that fronts Birmingham Road and Arden Street, creating 80 local […]
Knowledge Hub – VAS Valuation Group’s library of short education videos answering the most common questions about the valuation sector – has expanded once more with five new resources. For VAS Panel, Stephen Todd, chief commercial officer and co-founder addresses sales history and the Landlord and Tenant Act while Andrew Murdoch, valuation panel director tackles […]
