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Experts predict a good year for UK rental market

It might seem that the writing on the wall spells doom for the UK real estate market after a tough 2020, but many experts are offering reasons to rejoice. If all those tiny storms are weathered, the next few months could be really promising for the entire sector.  David Alexander, the managing director of the property platform Apropos, says that the market has started reaping the benefits of the fact that tenants want to live in the countryside instead of urban dwellings. Consequently, the demand for properties in popular non-city limits is high, and so are the rents in such

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London postcodes offering the biggest discount to high-end cash buyers

In recent times, London has witnessed a significant trend with an increasing number of home-buyers opting to pay in cash, and their rationale is quite compelling. According to a survey conducted by the real estate giant, Benham and Reeves, it has been revealed that high-end buyers stand to gain substantially more if they choose to pay upfront rather than opting for a mortgage route. This shift in preference underscores the unique advantages and financial incentives associated with cash transactions in the city’s competitive real estate landscape. Reaffirming the age-old adage that ‘cash is king’, the survey indicates that Londoners can

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London: A host of swanky hotels around the corner

The hospitality scene in London is undergoing a remarkable transformation after a challenging 2020. With the dawn of a new year, there’s a palpable sense of excitement as renowned hotel brands such as Marriot, Hilton, and Soho unveil their latest offerings, promising a luxurious experience for visitors to the city. In total, London boasts around 30 hotel projects currently in various stages of development, each contributing to the city’s vibrant hospitality landscape. One standout project is The Londoner, a boutique hotel featuring 350 rooms, brought to life by the esteemed Edwardian Hotels group. Another notable development is the Pan Pacific

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The London Resort’s planning application sent to the government

The London Resort, a groundbreaking project poised to redefine the UK capital’s landscape, has officially submitted its planning application to the government. This crucial step marks a significant milestone in the journey toward bringing this ambitious vision to life. Expected to undergo a comprehensive evaluation by the Planning Inspectorate, the application aims to demonstrate the viability and adequacy of the proposed theme park. The process is anticipated to conclude by the end of January, paving the way for a crucial decision regarding the project’s future. Should the Planning Inspectorate grant a Development Consent Order, construction on the London Resort could

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UK property market predictions: What to expect in 2021

UK’s property market has seen a mini-boom since it reopened in May. More and more people in London are becoming interested in purchasing detached houses instead of flats. According to the BBC, coronavirus contributed to the mini-boom in the UK’s housing market. David Fell, a senior analyst at Hamptons International, believes that people are buying houses because they need more space in case there are more lockdowns in the future. While some experts believe that an increase in unemployment levels will bring an end to this boom by next year, others foresee the market bouncing back due to vaccine availability. The Good On December 8,

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Business evictions ban extended until March

In a much-needed reprieve for business owners amidst the economic turbulence, Communities Secretary Robert Jenrick recently unveiled a welcome announcement: businesses would be shielded from eviction until March next year. This announcement arrives at a critical juncture when numerous landlords, who possess a significant portfolio of properties, are expressing their earnest desire to safeguard smaller businesses facing unprecedented challenges. Jenrick’s directive underscores a commitment to fostering a supportive environment for struggling enterprises. It is worth noting that amidst the ongoing crisis, the Conservative Party politician has emphasized the importance of landlords and tenants collaborating to address outstanding financial obligations. Encouragingly,

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The most affordable area of the UK to buy a home revealed

Many individuals harbor the aspiration of retiring to a picturesque countryside retreat at some point in their lives. As the UK economy grapples with recessionary pressures and financial markets endure unpredictable swings, the allure of real estate investments grows stronger. After all, investing in property not only provides potential financial security but also offers the added benefit of owning a peaceful sanctuary away from the hustle and bustle of city life, where one can unwind and recharge without the burden of rental expenses. But amidst the myriad of counties across the UK, which one holds the most promise for those

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Brexit brings a rush of UK property buyers

London real estate bounces back buoyed by the anticipated conclusion of Brexit negotiations Investors are rushing to secure property in the UK before Brexit transition ends in January. The surge in demand for homes in Britain has led to a ‘record high’ in average asking prices. The record number of sales are higher than expected with sales volume consistently high across the country. According to the HMRC, UK residential transactions in September were 21.3%  higher compared to August. Upscale London homes, in particular, are selling fast which analysts attribute to the stamp duty holiday, pent-up demand due to lockdowns, and

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Stronger Thai baht cause exodus of expats dreaming of easy retirement

Foreign retirees who flocked Thailand partly due to the cheap costs are now feeling the financial strain from stronger baht and stringent measures Thailand ranks among the world’s top 10 destinations for retirement for the tropical climate, beautiful beaches, great food, and affordable cost of living. Budget-conscious foreign retirees flock to the country to live the good life. However, the recent surge in Thai baht is threatening their idyllic life in paradise as Thailand courts wealthier expats with their stringent measures. British retirees flock Thailand partly due to the cheap costs. Two decades ago, a pound could be exchanged for

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Brexit trade deal spells good news for UK property markets

Amidst the backdrop of the ongoing COVID-19 pandemic, the UK’s housing market has defied expectations by maintaining a degree of stability in recent months. Despite the prevailing uncertainties surrounding Brexit, market analysts and experts have cautiously expressed optimism regarding the resilience of the real estate sector. While concerns persist, particularly regarding the potential impact on property prices in key areas such as London, the overall sentiment remains cautiously optimistic. The looming deadline of March 31st, 2021, for the stamp duty holiday has injected a significant impetus into the UK’s property market. This temporary measure, aimed at stimulating activity within the

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