0.25% rate cut expected tomorrow
The majority of buy-to-let brokers reckon the Bank of England will opt for a 0.25% base rate cut tomorrow. Some 71% are predicting a cut, which would take the base…
Housebuilding construction gaining momentum – PropertyWire
Construction for residential housebuilding is rapidly improving, as starts surged by 24% quarter-on-quarter and 22% year-on-year. The research, from construction firm Glenigan, suggested that housebuilding is outperforming the rest of…
Scotland vows to bring in new tenant protections
The Scottish government has pledged to introduce stronger rights for tenants in the country in its ‘Programme for Government’. First Minister John Swinney said the programme includes: “More rights and…
Housing market experiences worrying April dip
Sales and demand both dropped in April after the stamp duty thresholds reverted back to previous levels, the RICS UK Residential Survey has revealed. Some -33% more surveyors saw a…
Blackpool the worst area for energy efficiency
Blackpool is the worst area of the UK for EPC ratings, where nearly three quarters (74.1%) of homes have an EPC rating between D and G. The town’s history as…
Rent rises expected in the coming months
Tenant demand is increasing while landlord instructions are dwindling, raising expectations of rent increases in the months ahead, the RICS UK Residential Survey has found. A net +25% of property…
Purpose built student accommodation to be built next to Waterloo station
There are plans to redevelop an office near Waterloo Station in London into purpose-built student accommodation (PBSA). This marks European developer HB Reavis’s first step into the UK’s student housing…
Landlords warned about evicting tenants with a protected lease
A commercial property lawyer has warned landlords about taking back possession from a tenant with a protected lease – and urged them to seek legal advice to avoid breaking the…
Mayor of London exploring green belt housebuilding in London
Mayor of London Sadiq Khan has announced that City Hall will be actively exploring the release of parts of London’s green belt for development. It’s envisaged to develop green belt…