UK Build-to-Rent sector continues to grow
The Build-to-Rent (BTR) sector has continued to expand over the past 12 months despite the challenging economic conditions. According to new research by the British Property Federation (BPF) the total number of BTR homes completed or in the pipeline across the UK rose to 263,694 at the end of the third quarter (Q3) of 2023. […]
Double-glazing and smart technology features are tempting renters
Features such as double glazing, smart technology, and being near a station are the top three features that attract the most demand from those seeking rental homes. A new study of over 600,000 available properties on Rightmove reveals the home features that are driving the most enquiries from home-movers to agents, with these features appealing […]
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 […]
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 […]
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 […]
East of England tops commercial property sales and rentals
The east of England is currently home to the strongest commercial real estate market, according to recent research. Sirius Property Finance says that according to its analysis, the region tops all others in Britain when it comes to both commercial property purchases and rentals. The company looked at current demand for commercial sales and rentals, […]
Economic uncertainty is taking toll on UK mortgage holders
More than half of UK mortgage holders are struggling with their mental health as the cost of living crisis hits home, according to recent research. According to a new survey of 2,000 UK homeowners who pay a mortgage, the ongoing cost of living crisis is affecting the mental health of 56 per cent of mortgage holders. The […]
A more stable property market picture emerging
There are indicators demonstrating a more stable picture for the housing market emerging through the course of 2023, according to the February RICS UK Residential Survey. The headline reading for new buyer enquiries rebounded to a net balance of minus 29 per cent (measured on a seasonally adjusted basis), improving from minus 45 per cent […]
More middle-aged people are now renting their homes
The number of middle-aged households privately renting has nearly doubled in the space of a decade, with many set to remain in rented homes for the long-term. Paragon Bank’s analysis of government data shows the number of households in England where the lead reference person is aged between 45 and 64 has increased from 691,000 […]
The housing market is subdued this winter
UK house price growth slowed in November, according to the Nationwide’s House Price Index. Prices fell by 1.4 per cent from November – the biggest drop since June 2020 – and the housing market remains subdued. A market slowdown was expected given the current economic climate and the inflation of house prices over recent years. […]
