Rightmove predicts that landlords will have to “balance priorities” to get rent prices right over the next 12 months. Advertised lets are being reduced by up to 25% The average tenant spends 50% of their income on rent There is a limit to tenant affordability, with other costs factored in Landlords are still looking for […]
Are rents being overpriced in 2024? Read More »
2023 saw some changes in the economy and in turn the property market, here we look at some of the key moments that have affected the industry over the past year. We have had the Material Information published, making property listings much more transparent for both Sales and Lettings. This gives buyers and renters more
2023 – A Year in Review of the Property Market Read More »
What is the Full Material Information Guidance for Property Sales & Lettings? The full material information guidance has been created to enable more transparency on property listings for both buyers and renters alike. The material information covers the details about a property that might impact your choices around it All unavoidable costs associated with a
What is the Full Material Information Guidance for Property Sales & Lettings? Read More »
Jeremy Hunt’s Autumn Statement revealed that inflation has now fallen from a high of 11.1% to 4.6%. The government anticipates it will fall to 2.8% by the end of 2024 and to 2% by the end of 2025. The Bank of England is expected to start cutting rates next summer. If mortgage rates begin to fall,
Inflation is down, what about house prices and mortgages? Read More »
Chancellor Jeremy Hunt unveiled his Autumn Statement this afternoon, announcing a rise in the living wage and pensions. National Insurance will be cut from January and inflation is on track to reach 2% by the end of 2025. National living wage rises from £10.42 to £11.44 an hour Pensions up 8.5% or £900 a year
How the 2023 Autumn Statement is likely to affect the housing market? Read More »
We see a lot of EPCs (Energy Performance Certificates) and a lot of the recommendations to improve a homes energy efficiency are often down to having a modern boiler, smart thermostat to control heating, good insulation and solar panels having the most impact. Reduce boiler to 60°C Bleed radiators Service your boiler Install a smart
With increased demand for residential homes in the rental market, investors turn away from commercial properties Commercial property has historically been viewed as the more profitable asset class but more recently, residential property values have taken over. This is evident in the number of companies, across the board, converting commercial to residential property; from John
Residential homes are becoming better investments than commercial properties Read More »
The average rent for a new tenancy has increased by 10.3% since September 2022, with renters now paying £1,164 per month on average. Residential rents for new tenancies are 10.3% higher than in September 2022 Rents have increased the most in Scotland, where new rent controls are encouraging landlords to secure higher rents at the
Rent for new lets rise more than 10% this year and there’s support for tenants Read More »
60% of homes listed are below the stamp duty threshold for first time buyers. In southern England, around 50% of homes listed for sale are priced below the first-time buyer stamp duty threshold of £425,000. In the north east that figure rises to 93% In Hull, Blackpool, Middlesbrough and Hartlepool, 98% of homes for sale
How to avoid stamp duty as a first-time buyer Read More »
Autumnal decorations for your home As the weather starts to chill, the leaves turn orange and brown we start to feel the autumn weather, you might be thinking of getting your home into the theme for the season. We’ve got good news, it doesn’t need to be messy, limited to orange and black and can
Autumn Home Decoration Ideas Read More »
The best of Business news, in your inbox.
