Tentative signs of improvement in affordability of property this summer
The average asking price of newly marketed properties dropped in August by 1.9 per cent to £364,895. This is the biggest drop in asking prices at this time of year since 2018, outpacing the average drop of 0.9 per cent in August’s traditional summer slowdown. The much larger than usual price drop this month indicates […]
Guppies – not yuppies! Fewer young people now aim to buy homes…
More than four in 10 British adults under the age of 40 who do not currently own a home have apparently given up on owning their own properties. According to property portal Zoopla, this swathe of the population has now been dubbed Guppies (Given Up on Properties). They are in stark contrast to the “Yuppies” […]
More significant incentives are needed to help landlords make green improvements
Both landlords and homeowners need better incentives to help them with the cost of making green improvements, according to a recent report. Property portal Rightmove’s annual Greener Homes report reveals 60 per cent of its homes for sale and 50 per cent of those to rent have an EPC rating of D or below. New […]
Completed Build-to-Rent Homes up 13 per cent
The number of completed build-to-rent homes in the UK has increased by 13 per cent in the past year to 88,100 units, despite market conditions slowing development activity. New analysis by the British Property Federation (BPF) shows the total number of build-to-rent homes completed, under construction or in the planning pipeline stands at 253,402. The […]
Landlords invest in higher EPC-rated homes
A greater proportion of properties entering the rental market that were previously for sale have an EPC rating of C or higher, according to a recent survey. The study by Rightmove reveals landlords are investing in higher EPC-rated homes to get ahead of potential legislation changes. The latest government plans suggest that all rental properties […]
Renowned architect leaves Norwich and Norfolk legacy
The award-winning architect behind some of Norwich and Norfolk’s most iconic buildings, including an eye-catching, luxury short-term rental home, has died. Sir Michael Hopkins, who designed the Forum and Norwich Cathedral Refectory and Hostry, died on June 17, leaving behind a legacy of pioneering designs. He was also responsible for the new parliamentary building Portcullis […]
Is the property market still stabilising?
Buyers and sellers are back doing business but the outlook for the housing market still hangs in the balance, according to property portal Zoopla. The company’s house price index looks at the latest housing trends in May 2023 and highlights why recent inflation figures might put a brake on market activity. It suggests UK house […]
Signs of recovery in housing market
The property market experienced tentative signs of recovery in April, according to the Nationwide building society. April saw a 0.5 per cent rise in house prices after seven consecutive falls, with annual rate of house price growth rising to -2.7 per cent from -3.1 per cent in March, says Robert Gardner, Nationwide’s chief economist. “While […]
Rising energy costs challenge serviced apartment operators
Concerns around energy costs are considered to be one of the biggest challengs for those running serviced apartments businesses, according to a recent survey. The survey by Savills and the Association of Serviced Apartment Providers (ASAP) finds that over three quarters (77 per cent) of operators listed rising energy costs as the biggest challenge for […]
Demand for purpose-built student accommodation returns
The purpose-built student accommodation (PBSA) sector has bounced back from a pandemic induced decline, according to recent reserach. Property developer Stripe Property Group estimates the market size to be almost £4bn and suggests this will climb to £4.5bn by 2025. The PBSA specialist analysed the latest figures on the size of the sector, which supplies stock […]
