Tag: property
Property Sector responds to Rightmove’s House Price Index
The current asking prices for property listings have almost reached a record peak this month, according to the latest data from Rightmove. Despite this, sensitivity to pricing persists in the market. There’s a noticeable increase in the number of sellers entering the market, which has helped boost the volume of sales agreements – a positive…
Foxtons Shareholder Says Now is the Right Time for Sale
Could Foxtons, the prominent London real estate firm, be on the market soon? There’s increasing chatter in the media about Foxtons potentially being sold, with Dexters cited as one of the many interested parties. Just last week, Foxtons called on merger and acquisition experts from Rothschild to assist its current brokers – Deutsche Numis and…
5 Ways to Boost Your Home’s EPC Rating
Today we’re looking at 5 ways you can effectively improve your home’s EPC rating, through energy saving and efficient upgrades. The bottom line is this, keep your heat in your house and lower your energy bills. 1. Insulate your water tank: Wrapping your water tank with an insulation jacket of about 60mm to 80mm thickness…
Reintroduction of Real Estate Certification in Anticipation of Potential Nationwide Regulation in the UK
The ESPC has reinitiated the SPC Property Practice certificate for solicitor estate agents in Scotland. This Scottish property platform is bringing back its exclusive accreditation program for solicitor estate agents after a fruitful initial year in 2023. Developed alongside The Law Society of Scotland and Edinburgh Conveyancers Forum, the SPC Property Practice certificate is a…
Understanding the changes to Spain’s Golden Visa Program
Spain’s housing minister, Isabel Rodríguez, declared on April 9 that steps are being initiated to dismantle the Golden Visa, which drew non-EU residents looking for Spanish residency through a minimum €500,000 investment in property or a business. Concerns are rising over the potential deterrent this could be for non-EU property investors in Spain. Although this…
Savills Netherlands Achieves ISAE 3402 Accreditation
The Dutch branch of Savills has earned the ISAE 3402 Type II accreditation for the seventh year in a row, confirming its commitment to strong internal controls. For the first time, the entire valuation team was subject to evaluation, expanding beyond the limited client scope of previous years. The audit process was conducted by Securance,…
People Renting Homes Are Staying Put Longer
Due to the climb in rental prices, tenants are choosing to remain in their current homes for extended periods, according to research from The Deposit Protection Service. The typical rental agreement is now 924 days, which is just over two and a half years. This is a significant increase from 706 days, or nearly two…
European Hotel Investments to Soar in 2024, according to Savills
Spain surpassed the UK as Europe’s primary market for hotel investment in 2022, as noted by the global property advisor. The UK, however, reclaimed the top spot the following year with hotel deals amounting to €2.62 billion, just barely outdoing Spain’s €2.61 billion. There was a considerable uptick in UK hotel market activity towards the…
UK Sale of Craigiehall Barracks
Craigiehall Barracks is situated on the outskirts of Edinburgh, near the sought-after neighbourhoods of Cammo, Cramond, and Dalmeny. The site was put up for sale by Montagu Evans for the Defence Infrastructure Organisation, and several offers were made by the closing date. The property is home to notable historical buildings, such as the Category A…
Labour Party Reveals Building Plans for Green Belt Areas
The Labour Party has introduced a new strategic building plans for green belt areas, which aims to build on lower-quality sections of the green belt, referring to these areas as the ‘grey belt’. The party plans to develop land considered to be “poor-quality scrubland,” found on the fringes of urban areas, including a neglected petrol…
Luxury London Home Sales Dip Yet Remain High Compared to Pre-Pandemic Levels
During the first quarter of 2024, London saw 89 sales of homes priced over £5 million, which totalled £918 million in value. This was a 20% decrease from the previous year’s first quarter, but still 44% higher than the first quarter of 2019, which had 62 such sales. In the year leading up to the…
How to Sell a Home from a Trust After Someone Passes Away
A trust is an arrangement created to protect assets, where a trustor gives a trustee control of property for the benefit of others, known as beneficiaries. The primary goals of a trust are asset protection, carrying out the trustor’s wishes, and avoiding the probate process, which otherwise decides asset distribution after someone dies. When someone…
New DIY Lettings Platform for Landlords Hits the Market
Hello Neighbour, a new DIY Lettings Platform for UK landlords, has just launched! This new platform puts landlords in the driver’s seat of the rental process, providing them complete independence while offering them support and assurance from the Hello Neighbour team to ensure a fully compliant letting experience, all at a cost of £200. Landlords…
Understanding the Potential of “Hope Value” in Property Auctions
Buying land at “hope value” auctions is an enticing prospect for purchasers looking to invest in property with the potential for future development. “Hope value” means the land could become much more valuable if planning permission for buildings like homes, shops, or factories is granted, leading to spirited auction bidding driven by the hope of…
Delfi Orchard: Premier Freehold Commercial Site on Orchard Road for sale
Delfi Orchard boasts an impressive 80-meter frontage on the prestigious Orchard Road, Singapore, residing on about 20,264 square feet of freehold land. It’s designated for “Commercial” use and permits a building height of up to 20 stories. The property’s development potential has been confirmed by the Singapore Land Authority (SLA) at 131,186 square feet, signifying…
Foxtons Reports Strong Revenue Growth in Q1, Boosted by Increased Sales
Foxtons has announced a successful first quarter, with substantial revenue growth attributed to a higher market share in sales and the expansion of their lettings business through recent acquisitions. Main Points: The company’s revenue for the first quarter rose by 9% to £35.7 million, compared to £32.9 million in the same quarter of the previous…
Understanding the Support Financial Brokers Provide in Property Investment Funding
When diving into the world of property investment, finding funding can be intimidating. It’s a challenge whether you’re an experienced investor or just starting out. Manoeuvring through the intricate financial world often necessitates the guidance of experts. That’s where financial brokers come in handy, offering essential support in securing investment funds. Financial brokers utilize their…
Top 5 Global Sources of International Real Estate Capital Include Singapore, Hong Kong, and Japan
Singapore, Hong Kong, and Japan ranked within the top five sources of international real estate capital in 2023, with Singapore just behind the US as the second-largest source, according to MSCI. The Asia Pacific region was significant in the global real estate market, with investors pouring $48.1 billion into properties outside their own countries. Simon…
Exploring Sheffield with Northwood UK Estate Agents
Exploring Sheffield Sheffield, situated in South Yorkshire, England, is famous for its industrial heritage and lively cultural scene. The city is enveloped by the stunning scenery of Peak District National Park and the River Don, offering a mesmerizing mix of nature and modernity. Renowned for its history in the steel industry and particularly its cutlery…
Maximizing Your Home’s Potential: The Ultimate Renovation Checklist
Embarking on a home renovation project can be both exciting and daunting. It’s an opportunity to increase your home’s value, improve functionality, or simply update its style. A detailed plan will lead to a successful outcome. Our comprehensive Ultimate Renovation Checklist is designed to help your renovation process go without a hitch, using expert tips…
Singapore Real Estate Investment drops 23.8% to S$4.13 Billion in Q1 2024
Research from Savills shows that the total value of Singapore Real Estate deals dropped by 23.8% to S$4.13 billion in the first quarter compared to the last quarter. This decline is attributed to a lack of substantial deals, a slow market for certain property types like strata-titled units and shophouses, as well as the fact…
Cornwall Top in Holiday Rental Earnings
Last summer, property owners in Cornwall made an impressive £40,060,440 in holiday rental earnings, making it the leading area for such investment returns, according to Wealth of Geeks’ research. Despite having a local population of just over half a million, Cornwall welcomed three times that number in visitors. The going rate for accommodation was £84…
Get Ready for a Busy Housing Market in Spring with National Trading Standards’ Plans for 2024
James Munro heads the National Trading Standards Estate and Letting Agency Team. Here he shares his insights for Spring 2024’s busy housing market. Spring is often a favourite time for homebuyers and sellers, thanks to the appealing blooming scenery and longer days. This season traditionally sees a bump in real estate activity, making it an…
10 Factors That Can Lower the Value of Your Home
Residing close to power lines or highways can significantly decrease property values, much like having unconventional features such as backyard roller coasters which could deter potential buyers. High levels of noise pollution from busy roads or industries can make a home less attractive. Poorly rated school districts and nearby registered sex offenders can also drive…
UK Property Insights from The Voice of the Agent Survey
The newly published Voice of the Agent Survey 2024 offers a detailed understanding of the UK property market’s present situation and potential future. The survey reflects the perspective of 841 industry professionals, a significant increase from 553 in the prior year, alongside the insights from 2,000 consumers nationwide and a variety of credible studies. Conducted…
Optimism in the Housing Market as Activity Rises and Inventory Increases
The arrival of spring and a two-year high in housing inventory suggest the market remained stable in March, according to our latest Property Sentiment Index. Motivated by the approach of spring, UK homebuyers and sellers kept their confidence steady in March, with hopes to complete transactions within the next three months staying level with February’s…
Class A Commercial Building Grand Terra 36 Cát Linh Ready for Operation
On the morning of April 11, the Grand Terra 36 Cát Linh A-class office-retail complex developed by Thanh Hoa Construction Corporation held a pre-opening event, marking the entry of one of the most anticipated commercial projects in the first half of 2024 in the Hanoi market. Grand Terra 36 Cát Linh has been built to…
Rental Property Returns Increase to 5.8%
In the last two years, the typical return on rental property has gone up from 4.9% to 5.8%, as found by specialist lending company Octane Capital. Landlords are now earning 19% more in rent than they were two years ago, bringing in an average annual income of £15,144. The costs to get started with a…