The commercial property market is still struggling due to the difficulties in the economy, according to Jones Lang LaSalle.
Their latest forecast cites returns down at 2%, although office rentals in the West End should perform well. Elsewhere across the country will not experience the same though, with Jones Lang LaSalle expecting rental falls. Continue reading Forecasts Down for Commercial Property
Rents are still rising and are unlikely to drop anytime soon, according to one of the UK’s leading letting agents.
Average rents in England and Wales edged up by 0.4% in May to £712 a month in May – increasing for the second month in a row as the market settled after the end of the stamp duty holiday for first time buyers in March. Continue reading Buy to let rents still rising and unlikely to fall
The number of buy to let homes to rent may soon outstrip the number of homes coming to the market for sale.
Research by Experian shows the number of private homes to rent coming to the market in the first three months of 2012 increased by 6.34%, while the number of homes put up for sale was down 2.53%. Continue reading Buy to lets may soon top homes for sale
Students living at universities in London and Manchester face the worst crime rates – according to a survey of offences reported to police over the last year.
The figures were compiled by The Complete University Guide for the year to May 2012. They list 103 further learning institutions by numbers of burglary, robbery and violent crimes including sex crimes. Continue reading Is your shared student house in a uni crime hot spot?
Homes selling at auction in May sold for around 80% of the price of an average home.
The latest figures from auction monitor EI Group show 2,034 properties changed hands for an average price of £128,466 in May 2012. Continue reading Homes at auction 20% cheaper than average
The housing market is still trying to shatter the glass ceiling imposed by mortgage lenders restricting home loans, but expectations are exceeding reality for most sellers as sales have plunged 40% since the 2007 boom.
A number of surveys looking at the market all report more activity but less sales. Continue reading House sales 40% down on buy to let boom years
Buy to let is here to stay and even more families will have to rent if the economy does not improve, says new research.
The number of private renters is expected to jump from 18% to 22% by 2025 – up from 7% in 1994 – reports a study from the Resolution Foundation for housing charity Shelter. Continue reading Buy to let here to stay and will only grow, says Shelter
Buy to let rents slipped back 4.3% to an average £919 a month in May, according to letting agents haart.
Average rents across the country fell, but slightly increased across the UK when excluding London – by around 0.7% to an average £791. Continue reading More surveys confirm North/South property divide
The merger of Zoopla and Digital Property Group has been officially announced, finally; the deal was struck last October and passed by the Office of Trading Standards in April.
The move is seen as an attempt to break the stranglehold Rightmove has on the online property portals, with Digital Property Group have been buying up smaller websites over the past few years. Continue reading DPG and Zoopla merger finally completes
A struck-off solicitor and an estate agent who managed a house shared by 12 tenants who lived in filthy conditions have been branded slum landlords by their local council.
Both picked up rents from the tenants for an absent owner in Nigeria but failed to run the house in multiple occupation according to strict licensing rules and safety regulations. Continue reading Struck-off solicitor branded slum landlord for house of filth