News

In November 2024, the UK property market has witnessed a notable dip in average selling prices for the second consecutive month, as reported by Rightmove. This trend, however, contrasts sharply with robust transaction activity observed compared to the same period last year. Such dynamics in the real estate landscape suggest that while asking prices may be decreasing, the overall interest and engagement in...

In light of pressing safety issues and poor housing conditions in the private rented sector (PRS), Westminster City Council is embarking on a consultation regarding a proposed new selective licensing scheme. This initiative, targeting specific areas of the city, invites input from tenants, landlords, property agents, and other stakeholders, as a means to enhance the quality and safety of rented homes...

As the rental market in Belfast continues to expand, it is essential for both landlords and tenants to understand the regulations surrounding houses of multiple occupancy (HMOs). There has been a recent call from Belfast City Council to ensure that shared rental properties are properly licensed, adhering to standards set out by local legislation. This article delves into what constitutes an HMO, the...

Deloitte's recent '2025 Commercial Real Estate Outlook Report' offers invaluable insights for industry leaders facing contemporary challenges in the commercial property market. Compiled by experts like Jeff, a partner specializing in U.S. Real Estate, and Kathy, the Global Real Estate sector leader, this report advocates for strategic, actionable methodologies to enhance the resilience and profitability of...

In Southampton, a perplexing situation has emerged with the appearance of DIY double yellow lines extending across the driveway of a house in multiple occupation (HMO) on Howard Road. This unauthorized painting has raised eyebrows among local residents, who are left questioning the legitimacy of the markings. The lines appear to mimic official parking restrictions, leading to ambiguity regarding their...

In a significant move to address the ongoing homelessness crisis, the City of Edinburgh Council has announced it will urgently relocate residents from over 28 unlicensed bed-and-breakfasts (B&Bs) and hotels to compliant housing options before a crucial deadline in December2024. Since the onset of the Covid-19 pandemic, these accommodations have been utilized as temporary shelters for an increasing number...

In an exciting development for landlords across Yorkshire, Foundation Home Loans has announced refreshed Buy to Let Specials, effective from November 12,2024. These new offerings are designed to cater to a variety of borrowers with competitive interest rates that promise to enhance affordability for landlords managing their property portfolios. The revised product range is segmented into two main tiers:...

A controversial proposal to convert the Kent House Nursing Home in Broadstairs into a House of Multiple Occupation (HMO) has drawn significant community opposition as local councillors prepare to discuss the plans. The application, submitted by N & I Holdings Limited, aims to transform the existing nursing home, which accommodates up to 25 residents, into a facility with 21 individual rooms. The proposal...

In a strategic pivot, the Bank of England has announced a cut in interest rates from 5% to4.75%, responding to a significant drop in UK inflation to 1.7%, significantly below the Bank's target of 2%. This decision by the Monetary Policy Committee (MPC) is poised to have far-reaching implications for borrowers, especially those with variable-rate mortgages, as well as for the broader housing market. With...

Aamer Shah’s recent planning application with Trafford Council aims to significantly alter the landscape of Barton Road, Stretford, transforming a modest two-bedroom semi-detached home into a substantial ten-bedroom house of multiple occupation (HMO). This ambitious project is designed not just to expand residential capacity but to address community concerns regarding anti-social behaviour and noise,...