Labour MP proposes rent controls to reduce welfare spending
A Labour MP has called for the introduction of rent controls in the UK as a means to reduce the national welfare bill and alleviate cost-of-living pressures on tenants. Margaret…
Welsh landlords face £5,000 fines as licence renewals due
Landlords and letting agents operating in Wales are being reminded to check their Rent Smart Wales licence renewal dates, with penalties of up to £5,000 for non-compliance as the scheme…
Scotland’s £10,000 deposit scheme faces affordability concerns
Scotland’s newly launched First Homes Fund, which offers first-time buyers £10,000 towards property purchases, will not resolve underlying housing market challenges, according to a lender participating in the scheme. The…
Five properties near swimming venues listed across UK
Five residential properties located near public swimming facilities across England and Scotland have been listed for sale, with prices ranging from £650,000 to £6.45 million. In Plymouth, Devon, a Grade…
Saudi Arabia launches freehold map for foreign investors
Saudi Arabia has introduced a digital freehold map identifying geographic areas where foreign nationals may purchase property, marking a significant development in the Kingdom’s real estate market liberalisation. The official…
Developer secures £18m refinancing for Edinburgh student scheme
Student accommodation developer Danehurst has completed an £18 million refinancing of The Pepper Mill, a 155-studio purpose-built student accommodation (PBSA) development in Bonnington, Edinburgh. Secure Trust Bank Real Estate Finance…
Knight Frank enters redundancy consultation process
Knight Frank has initiated a redundancy consultation affecting less than 3% of its UK workforce, despite posting a 6.3% increase in annual revenues. The agency confirmed the consultation is underway…
Kent letting agent fined £15,000 for client money breach
A Kent-based letting agency has paid a £15,000 civil penalty after operating without required client money protection, highlighting ongoing enforcement of regulations designed to safeguard landlord and tenant funds. Homelet…
£2.95m bridging loan funds Liverpool apartment development
District & County Investments has provided a £2.95m net bridging facility to support a brownfield regeneration project in Liverpool city centre, which will deliver more than 150 apartments upon completion.…
Proptech firm launches service to speed property sales
Proptech company iamproperty has introduced a new service designed to accelerate property transactions by preparing documentation earlier in the sales process, ahead of anticipated government reforms to homebuying procedures. The…