Buy-to-let properties in the North East far out-value the South February 17, 2023 Thinking of investing in a buy-to-let property? Then be prepared to cast your net further than London and its surrounding areas. According to data crunched by RentTech platform Goodlord, potential yields for buy-to-let properties are highest in the North East, while the South East comes in last of all areas of the UK. Taking into [...]
Size doesn’t matter: Why the ‘race for space’ in London property is over February 17, 2023 The pandemic had some strange effects on the London housing market. Being cooped up made people realise the importance of having space, both indoor and outdoor, which led to the so-called “race for space” and a minor London exodus. More than 100,000 Londoners exited the city in 2021, many taking up homes in the surrounding [...]
Home REIT was warned of ‘slum conditions’ in October in row between tenants and property vendor February 17, 2023 Home REIT was warned of “slum conditions” in its property portfolio as early as October but failed to publicly acknowledge the scale of the issues until yesterday, City A.M. can reveal.
London’s a hub for filming new TV shows and movies – but that could soon be over February 16, 2023 London is one of the most desirable filming locations on the planet – but its unique locationsare slowly vanishing, finds Adam Bloodworth Casual viewers tuning into Netflix to watch the latest season of You may have been surprised to see charming psychopath Joe Goldberg strolling through Kensington when new episodes dropped last week. Having swapped [...]
Home REIT receives takeover approach as it confirms rent collapse and ‘wrongdoing’ investigation February 16, 2023 Home REIT revealed it is the subject of a potential takeover bid this morning as it confirmed its rental collection had collapsed and swathes of its property portfolio were in need of refurbishment. In a statement, the troubled social housing investor said it had received an unsolicited approach from London-based investment firm Bluestar regarding a [...]
Are house prices really going up? London had lowest change across UK with average in capital now £543,000 February 15, 2023 The average UK house price ended last year £26,000 higher than when 2022 started, although the annual pace of growth in property values is slowing. Property values increased by 9.8 per cent in the 12 months to December 2022, which was weaker than the 10.6 per cent annual growth recorded the previous month. London’s average [...]
Post-Grenfell, second staircase for London buildings taller than 30 metres now mandatory, says Sadiq Khan February 13, 2023 All new London buildings taller than 30 metres will be required to have a second staircase, Mayor Sadiq Khan has announced. All planning applications will need to adhere to the building safety measure, which comes into force with immediate effect, before going to the GLA for sign off. The requirement for a second staircase in [...]
Double stamp duty surcharge for overseas buyers to ‘level’ UK property market for locals, urges lobby group February 13, 2023 The UK government should double the stamp duty surcharge overseas buyers must pay when purchasing a property in England, an industry lobby group has said. The National Association of Property Buyers (NAPB) said doubling the stamp duty surcharge would “level the playing field” amid an influx of “wealthy foreign buyers”. Under current rules, overseas buyers [...]
Home REIT’s top tenant looking to offload leases as cash troubles continue February 13, 2023 The biggest tenant of beleaguered property investor Home REIT is looking to offload its leases to other housing providers after warning it can no longer pay rent to the firm, City A.M. has learned.
Bank of Mum and Dad: Over half of Londoners depending on parents’ inheritance to get or stay on the property ladder February 10, 2023 Over half of the Londoners who took part in a Zoopla survey admitted they were relying on their parents’ wealth to get them on the property ladder or pay off their mortgage. The UK-based online estate agent found that seven in ten of those it spoke to planned to pay off their mortgage and move [...]