News

In a notable development regarding housing policies in North Belfast, the Belfast City Council has unanimously rejected a proposal to convert a residential property on Ponsonby Avenue into a House of Multiple Occupation (HMO) due to widespread community concerns. This decision underscores growing apprehension among local residents about the proliferation of HMOs in the area, which have been linked to...

The UK housing market is showing promising signs of recovery as forecasts indicate that house prices are likely to rise amidst a backdrop of interest rate cuts and strong wage growth. After experiencing a slight decline of 1.4% in 2023, predictions suggest an upward trend beginning in 2024, with average house prices expected to increase by over 3% and forecasted growth potentially reaching5.5% by2026. This...

In a bid to enhance the quality of private rented homes amid London's ongoing housing crisis, Westminster City Council is proposing a new Selective Property Licensing Scheme. This scheme, currently under consultation until January 19, 2025, seeks to regulate private homes rented to families or up to two tenants in an effort to address critical safety and management issues associated with the largest...

Edinburgh is embarking on a transformative plan to transition over 700 homeless households from unlicensed temporary accommodations into compliant housing by December2024. This measure stems from a significant increase in demand for temporary housing that arose during the COVID-19 pandemic, compelling the City of Edinburgh Council to resort to the use of hotels and bed-and-breakfasts (B&Bs) in an effort to...

The landscape of housing in Kent has been significantly shaped by the rise of Houses in Multiple Occupation (HMOs), with nearly 2,000 properties spread across the region. These accommodations serve as homes for individuals from various households, typically sharing common facilities like kitchens and bathrooms. Among these, some notably large HMOs, such as a 52-bedroom property in Folkestone and a...

As we approach 2025, the commercial real estate (CRE) sector appears poised for revitalization following a series of tumultuous years marked by economic uncertainty and changing market dynamics. The recent report titled '2025 Commercial Real Estate Outlook' offers valuable insights from Deloitte professionals, emphasizing strategies that leaders can adopt to reposition their organizations effectively in...

In a significant move aimed at improving standards within the private rented sector, Westminster City Council has launched a consultation on a new selective licensing scheme for private rental homes in selected areas of the borough. This initiative invites stakeholders—including tenants, landlords, property agents, and community members— to contribute their insights as Westminster grapples with an...

In an urgent response to the rising number of homeless individuals living in unlicensed accommodations, the City of Edinburgh Council has announced plans to relocate over 700 households from non-compliant properties into suitable housing by the end of November2024. This significant move comes in light of recent findings that highlighted the precarious living situations of many residents in 28 temporary...

The UK real estate market is navigating through a revitalized phase as Gulf Cooperation Council (GCC) investors are set to infuse approximately $4 billion annually by2025. This influx is supported by a combination of favourable economic trends including decreasing interest rates, stable inflation, and a resilient housing demand driven by population growth and a burgeoning influx of international students....

As the global economy shows signs of recovery and consumer confidence gradually returns, the real estate market continues to present compelling opportunities for investors. November 2024 marks a critical juncture in the property landscape, characterized by rising prices, limited inventory, and high demand, which together create an attractive investment environment. This article delves into current trends...