News

In recent months, the property market in England and Wales has exhibited a notable shift in rental yields, which have increased to an average of7.4% across various regions. This rise, attributed to a mix of economic recovery and market dynamics, presents a significant opportunity for landlords and investors alike. Understanding how rental yield is calculated—by comparing annual rental income to the...

The City of Edinburgh Council is set to take significant measures to address the pressing issue of homelessness, with plans to relocate homeless residents currently residing in unlicensed hotels and bed and breakfasts by the end of November2024. This decision, driven by escalating concerns over the legality and safety of these accommodations, aims to ensure compliance with housing regulations and to...

In recent years, Houses in Multiple Occupation (HMOs) have become a focal point in discussions surrounding housing in Kent, where data shows nearly 1,900 such properties exist across the county. Defined as residential buildings accommodating individuals from multiple households, these properties often share essential facilities, making them significant for addressing the local housing crisis. The largest...

Residents near Ulster University's Magee campus in Derry are raising alarms over a significant increase in Houses in Multiple Occupation (HMOs) in their neighbourhood. The local group, Concerned Residents Around Magee (CRAM), is advocating for the Derry City and Strabane District Council to impose a cap on the number of HMOs, expressing fears that the rising trend mirrors the problematic HMO situation seen...

Scarborough's planning authority has recently made a contentious decision to approve the conversion of a former bed and breakfast into a 13-bed share house in the South Bay area. This approval comes despite significant local opposition, with over 30 objections raised by residents. The concerns cited include the potential for antisocial behavior, waste management issues, and impacts on residential amenity....

In a recent initiative aimed at transforming community living, Aamer Shah has proposed the conversion of a two-bedroom semi-detached house on Barton Road, Stretford, into a 10-bed house of multiple occupation (HMO). This ambitious project, submitted for planning approval to Trafford Council, seeks to respond to the increasing need for affordable housing while addressing potential challenges associated with...

Ryanair has recently announced plans to cut several routes across Europe, a decision attributed to the desire to mitigate soaring tax obligations amidst a fluctuating economic backdrop. This strategic shift reflects the airline's response to increasing fiscal pressures while highlighting broader economic concerns impacting businesses in the region. Closer examination reveals a multifaceted landscape...

In November 2024, MAG, a leading real estate developer in the UAE, participated in the highly anticipated Blackburn Dubai Property Expo, drawing interest from British investors seeking luxury properties. This event not only showcased MAG's exquisite portfolio but also highlighted the growing attraction of luxury real estate to UK buyers. Featured prominently were opulent offerings such as The Ritz-Carlton...

As the UK property investment landscape prepares for the opportunities of 2025, seasoned investors and newcomers alike are keenly evaluating emerging prospects, particularly in economically vibrant cities like Manchester and Birmingham. Recent insights from the real estate market forecast a robust 4% growth in overall UK property prices, with an impressive cumulative growth predicted at23.4% over the next...

Edinburgh is currently grappling with a significant housing crisis, as recent findings reveal over 700 rooms across 30 properties occupied by homeless families are operating without the necessary licenses under Houses in Multiple Occupation (HMO) regulations. In response, the City of Edinburgh Council has pledged to relocate affected families to compliant accommodations, emphasizing their welfare over less...