Research from leading prime property finance firm CapitalRise and global property agents Savills has today revealed the strong post-pandemic recovery of the Prime Central London (PCL) property market, providing reassurance to investors in this highly uncertain economic period. PCL transactions up by 48% on pre-Covid levels The data outlines the strong recovery of the PCL […]
Buy-to-let specialist lender Landbay is lowering the rates on two-year fixed rate mortgages and reducing its income cover ratio (ICR) requirements for basic tax rate borrowers. This is the second interest rate reduction of 2023 for Landbay, with its two-year fixed rate range falling by up to 0.30% for standard, small HMOs and MUFBs plus […]
The latest insight from specialist property lending experts, Octane Capital, has revealed that 41% of landlords would like to see recent changes to capital gains tax (CGT) allowances reversed, with the government’s meddling in the sector also the biggest concern, along with the increasing day to day cost of buy-to-let investment driven by the cost […]
According to international real estate advisor Savills, UK hotel transactions totalled £3bn in 2022, which is 27.5% lower than 2021, as a result of slowing activity driven by macroeconomic conditions in the second half of the year. Rob Stapleton, director, head of UK Hotel Capital Markets at Savills, comments: “2022 can be summarised as a […]
Research from estate and lettings agent, Barrows and Forrester, has shown that the level of new housing stock entering the property market for sale has almost halved when compared to the closing stages of 2022, although in some major cities, this reduction is as high as 84%. Barrows and Forrester analysed the level of new […]
Savills Q4 prime residential sales index reveals house prices in the UK’s most heavily mortgaged markets are starting to slip into negative territory, following two years of record house price growth The top end of the UK’s residential market is experiencing a growing divergence between heavily mortgaged and equity rich prime segments as interest rates […]
The latest Homebuyer Hotspots Demand Index by estate agent comparison site, GetAgent.co.uk, has revealed that buyer demand levels are on the decline in the fourth quarter of 2022 as economic pressures and the increased cost of borrowing continue to force many people to reevaluate their home buying aspirations. GetAgent’s Hotspots Demand Index monitors homebuyer demand […]
Market analysis by Alliance Fund, the end to end real estate fund, has found that total construction output has almost returned to pre-pandemic levels, but the recovery of the sector is being slowed by the delivery of public new housing, with the level of private new housing construction already bouncing back to exceed the pre-pandemic […]
As Q1 of the UK’s housing market begins, it takes with it the hangover of the 2022 cost-of-living crisis and a financial recession, which has resulted in the continued hiking of interest rates. They currently stand at 3.5%, which has had a knock-on effect on market analysts’ confidence in the endurance of the UK’s housing […]
Affordability for self-employed customers has dropped to its lowest level since records began, according to the latest Mortgage Broker Tools (MBT) Affordability Index. The latest data, based on thousands of searches, reveals that only 65% of self-employed mortgage enquiries were considered affordable at the end of 2022. This is the lowest level since MBT started […]
