Property news

New Data Centre Approved in Hayes: What It Means for the Local Property Market

Hayes, a town in West London once known primarily for its industrial heritage and Heathrow proximity, is experiencing a new wave of transformation. With Crossrail already reshaping its commuter appeal, the latest development is set to further elevate its profile—a large-scale data centre has officially been approved.

While data centres might not be the most glamorous headline grabbers, their...

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Keep up-to-date with the latest property news in the UK.

Average buy-to-let portfolio rental return up 18% annually

Research from Ocasa , the specialist rental platform, has revealed that despite the Government’s best efforts to dampen buy-to-let profitability, the average landlord has not only increased the size of their portfolio on an annual basis, but is also enjoying a 18% increase in their estimated total rental income.

Ocasa analysed data on current gross rental incomes, the average number...

The home maintenance tasks that have climbed by £60 in cost over the last year

Research by property maintenance solution provider, Help me Fix , has revealed that as households continue to struggle with the ever increasing cost of living, some of the most common maintenance jobs have also climbed by as much as £60 in cost.

Help me Fix analysed the average cost of eight common household maintenance jobs, from painting to brickwork pointing, and how this cost has...

Rental market boom on the horizon as homebuyers continue to struggle with rising mortgage costs

The latest research by Alliance Fund , the end to end real estate fund, suggests that should the property market continue to stutter, the nation’s rental market could be in for a boom, as historic housing market trends show that a decline in property sales also leads to a boost to private rental market stock.

Alliance Fund analysed both the sales and rental markets during the...

These cities beat their commuter belts for property purchasing power

Research by estate and lettings agent, Barrows and Forrester , has revealed that when it comes to the house hunting quest for more space, homebuyers aren’t always better off buying outside of a major city when it comes to the bricks and mortar bang for buck on offer.

Barrows and Forrester analysed the current average size and cost of purchasing a property within 10 major cities...

Singapore nationals the supporting cast to Hong Kong homebuyer activity

Research by London lettings and estate agent, Benham and Reeves, has revealed that while the bonus of the BNO visa scheme has resulted in a high level of Hong Kong homebuyers making their way to the UK, it’s a supporting cast from Singapore that is also helping to drive market activity within the UK, with Singapore nationals sitting on a property portfolio to the tune of £5.8bn in London...

Industry reacts as property values cool in October

CEO of Alliance Fund, Iain Crawford, commented:

“The property market is still standing firm, but we’re now seeing concrete signs that the marathon period of double-digit price hikes spurred by the pandemic are coming to an end.

While this certainly doesn’t signal that a market collapse is on the horizon, the latest mortgage approval data From the Bank of England also shows...

Sunak stability could help boost house prices by 11.3%

The latest research by specialist property lending experts, Octane Capital , has revealed how the housing market could benefit to the tune of 11.3% where house prices are concerned, as a result of the greater stability brought on by the appointment of Rishi Sunak as prime minister.

Octane Capital analysed property market performance across the UK market going back as far as 1970 and...

Mortgage repayments hit highest point since 2010

The latest market analysis by mortgage experts, Revolution Brokers , reveals that homebuyers are now paying the most expensive monthly mortgage repayments since 2010, but that today’s costs still remain a long way off historic highs.

Official figures released by the Bank of England this week show that the number of mortgage approvals in the UK has dropped in the past month. And while...

Deck the hall of a new home in Devon this Christmas

ONE lucky buyer could open the door to an energy efficient new home in Devon in time for Christmas. Elan Homes has released the final few homes on the current phase of its popular Pickards at Larkbear development in Barnstaple.

Among the properties available is a three-bedroom semi-detached Ripley, a former view home, which is ready to move into.

Elan regional sales director...

HMRC clamps down on undeclared rental income

Since the government launched its Let Property Campaign in 2013 – an initiative which allows landlords to declare unpaid tax in return for a discounted penalty - more than 58,000 disclosures have been made to the authority and approximately £250 million has been recovered in unpaid taxes.

Despite this success, HMRC has been intensifying its efforts to track down landlords with...

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