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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Retired couple won over by energy efficient homes by the South coast

Moving house later in life can be a daunting prospect, but retired couple Jenny (65) and Nicholas Porter (68) are thrilled with the lifestyle benefits of living at Dandara’s Paddock View scheme, in the tranquil West Sussex village of Yapton.

The Porters were previously living in a large recently built development in the nearby town of Littlehampton, but were urged to move to reap the...

Catalyst’s Award-Winning Newman Place now 85% sold

A reflection of the demand for Shared Ownership homes in Oxfordshire, 85% of properties at Newman Place, Catalyst’s award-winning development in Littlemore, are now reserved.

Shared Ownership is particularly rare in this notoriously expensive area, where the average price of a flat is £359,230*. Providing first time buyers with the opportunity to own a home near Oxford’s city centre...

Key workers most in need of a housing affordability boost

Research by the Gradual Homeownership provider, Wayhome , has revealed which key workers currently face the toughest challenge when it comes to house price affordability, based on their house price to income ratio, as well as which have seen the largest reduction in affordability since the start of the pandemic.

Wayhome analysed current housing affordability across 20 key worker...

What to do if one tenant leaves your property

When you have more than one tenant in your property – whether that’s a couple, two or more friends, or an HMO house share – there’s always the possibility that one of them might leave. A couple may split up, friends might fall out or their financial or other personal circumstances could change during the tenancy, meaning the property is simply no longer suitable or affordable.

While...

Malta offers huge reductions for Golden Passports

Malta offers huge reductions for Golden Passports, but the Caribbean remains the most affordable location

Research by Astons , the international experts on real estate, residency and citizenship through investment, reveals which global nations have seen the largest increases and decreases in the cost and time required to gain citizenship through investment.

There are 13...

Real wage growth at -4.2% across the UK

The latest research by tax specialists, RIFT Tax Refunds , has revealed that real wage growth currently sits at 4.2% across the UK, with just four other G10 nations currently home to a worse balance between wage growth and inflation.

RIFT analysed the current rate of real wage growth based on the increase seen in earnings versus the current rate of inflation across each G10 nation to...

Few Landlords Plan to Sell Up in 2023 Despite Speculation

In the past year there have been many claims that the days of the amateur landlord making a profit on a buy to let (BTL) property investment are over. But that is far from true, according to research of the landlords themselves by property services specialist Leaders Romans Group (LRG).

In early February, LRG surveyed 271 landlords across its country-wide estate agency brands, from...

Resi estate agents worst paid of all property professionals

Residential estate agents are the worst paid of all property professionals

Analysis by Nested , the modern estate agent, reveals that residential estate agents are the lowest-paid professionals in the real estate industry with base salaries almost £30,000 below the wider industry average.

For many estate agents, the security of a consistent income is an important part of their...

What to do if your tenant stops paying their rent

Allison Thompson, Group Lettings Managing Director, Leaders Romans Group (LRG)

If you’re a landlord over the long term, the reality is that you’ll probably have a tenant default on their rent at some point. They may simply have forgotten to make payment; it could be a bank error, or they might be in financial difficulty and having trouble making ends meet, or they could be...

Seven tips to help you afford a mortgage

By Sarah Thompson, Managing Director, Mortgage Scout

In September 2021, according to Moneyfacts, the average two-year fixed mortgage rate was 2.38%, and the average two-year variable tracker rate was 2.25%.

By February 2023, after numerous bank base rate increases since December 2021, taking it from 0.1% to 3.5%, the average two-year fixed rate was 5.58% in January, and the...

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