Property news

London gardens can add more than £205,000 in value as Chelsea tops table for prime buyers seeking outdoor space

Ahead of this year's Chelsea Flower Show, research by Enness Global has revealed that a garden can add more than £205,000 to the value of a London home, whilst Chelsea fittingly boasts the highest degree of garden availability for high-net-worth homebuyers in the current market. Enness Global has also revealed the top five trends currently shaping luxury outdoor spaces across prime London this spring...

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‘F’ is for family – and a first home in Dunkinfield

IT may also stand for fairway, but for Viju Vastrad and her husband Vaghish Salimath ‘F’ stands for family and first home, after they moved to Greenside View, overlooking Dukinfield Golf Club in Tameside.

It marks an end to years of renting – and the start of a bright new future for the couple, who are also looking forward to the birth of their first child.

Viju, 33, a web...

Commercial real estate sector forecast to dip following post-pandemic boost

The latest research by Alliance Fund , the end to end real estate fund, estimates that the UK’s commercial property sector will see transaction levels dip by a fifth this year, following initial signs of a revival in 2021 following the pandemic.

Alliance Fund analysed historic data on the volume and value of transactions, as well as the average yield offered by commercial real estate...

Convenience store sector hits £47bn in revenue - but concerns of ID check failures also growing

The latest research by digital identity specialists, ID Crypt Global , has revealed that the UK convenience store market has increased by almost 4.1% in size in 2022, generating revenues to the tune of £47bn. However, it’s estimated that 37% of businesses are failing on ID checks, with the growth of the sector suggesting more minors are able to purchase items such as tobacco and alcohol...

Buy-to-lets in high demand areas cost up to 7.7% more on average - but are they worth it in the long run?

The latest market analysis by mortgage experts, Revolution Brokers , has revealed that landlords looking to reduce void periods by investing in a buy-to-let within an area of high rental demand will pay an average of 6.2% more for the pleasure.

Revolution Brokers analysed data on the average price for a buy-to-let investment across the market in England and how this differs between...

Property market grinding to a halt as transaction levels fall by almost a quarter

The latest research by property purchasing specialist, House Buyer Bureau , has revealed that the UK property market is grinding to a halt, with the average level of monthly transaction over the last six months falling by almost a quarter compared to the previous six months - although in some areas this decline is as high as 43%.

House Buyer Bureau analysed sales volume data from the...

"House prices will fall further" as report reveals 0.4% drop, National Association Of Property warns that worse is to come.

A new report reveals that UK house prices fell at the sharpest pace in almost two years last month as rising mortgage rates and a gloomy economic outlook took their toll.

According to figures released by Halifax, prices fell 0.4pc in October – the third decline in four months. The annual rate of growth fell to 8.3pc from 9.8pc.

The figures echo numbers from Nationwide, which...

There are now 3.1 students for every student bed available

Research by property developer Stripe Property Group , has revealed that there are now 3.1 students for every student bed available, as those heading or returning to university fight it out for limited accommodation as a result of an overwhelmed and under-stocked rental market and a lack of quality purpose-built student accommodation (PBSA).

The research by Stripe Property Group...

Government spending hits £1.192bn - Here’s what they’re spending it on

Research by RIFT Tax Refunds has revealed that while the UK Government spends the equivalent of almost 52% of GDP a year on delivering public goods, services and providing social protection, it ranks just 11th of all OECD nations where this level of investment is concerned.

From health to defence and environmental protection, governments around the world are tasked with finding the...

The six major challenges facing property developers

Market analysis by Unlatch , the new homes sales progression and aftercare platform for developers and housebuilders, reveals that a -16% drop in construction workers is just one of many challenges currently facing Britain’s housebuilding industry; a list that includes the rising cost of materials and the notorious EWS1 form.

A declining workforce

Over the past five years,...

Estate agency only sector to see increase in average AML fine issued

Research by Credas Technologies , the leading identity verification checks provider, reveals that the average Anti-Money Laundering (AML) fine handed to the estate agency sector has increased by 63.7%. However, while the average fine issued to estate agents has increased, the sector still ranks with some of the lowest fines issued when compared to other sectors.

Across five major...

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