News

In November 2024, England is poised for a dramatic shift in its council tax regulations for second homes, with potential financial repercussions for owners and local housing markets alike. As local authorities prepare to implement a new premium of up to 100% on council tax for properties designated as secondary residences, many regions are bracing for a significant increase in fiscal demands—potentially...

The landscape of housing in Kent is evolving, particularly with the rising prevalence of Houses in Multiple Occupation (HMOs). Currently, Kent boasts nearly 1,900 HMOs contributing to a significant part of the 475,000 HMOs present across England. As communal living becomes an increasingly common choice for many, understanding the implications—both positive and negative—of this housing model is crucial...

The City of Edinburgh Council has initiated a critical response to the growing homelessness crisis by relocating hundreds of families from unlicensed Bed and Breakfasts (B&Bs) and hotels. This move comes amid serious concerns regarding legal compliance and health and safety standards as the council aims to ensure better living conditions for vulnerable residents. Key Takeaways Edinburgh Council is...

Beginning April 2025, owners of second homes in England will face an unprecedented hike in council tax, with local authorities able to impose a premium of up to 100%. This significant increase, particularly affecting regions already grappling with housing shortages, aims to alleviate the pressure on local housing markets exacerbated by second home ownership. Areas such as Cornwall, South Hams, and...

In a significant legal victory for tenants, three students in London have reclaimed over £20,000 from their landlord after experiencing unsafe living conditions in a rental property. The case highlights the ongoing issues surrounding rental accommodations in the capital, particularly in unlicensed houses of multiple occupation (HMOs). This landmark decision has been hailed as a critical step for tenant...

In a significant move that is set to influence the UK housing sector, the Bank of England has announced a reduction in its key interest rate from4.75% to4.5%. This decision, made during a meeting of the Monetary Policy Committee, aims to foster a more vibrant economic atmosphere and stimulate growth within the crucial mortgage and property markets. Experts anticipate that this rate cut will provide a...

As the UK property market continues to evolve, recent decisions by the Bank of England to lower interest rates to4.5% have sparked optimism among real estate experts. This shift is seen as a crucial turning point that may stimulate property investment and create a more dynamic market landscape. With the potential for further rate cuts anticipated in the coming months, industry insiders are describing the...

In an ever-evolving economic landscape, the 2025 Commercial Real Estate Outlook from Deloitte serves as a critical guide for organizations striving to adapt to the post-pandemic market dynamics. The report emphasizes essential insights and strategic recommendations to manage complexities in real estate investments, mergers, and shifting market trends. Key figures, Jeff and Kathy from Deloitte, leverage...

In a bold move to address the housing crisis, Aamer Shah, a local property owner in Stretford, has formally submitted a planning application to Trafford Council seeking to convert his current two-bedroom home into a house of multiple occupation (HMO) accommodating ten residents. This initiative, aimed at increasing housing density in the region, seeks to enhance local amenities while simultaneously...

Residents living in close proximity to the Magee campus of Ulster University have begun to raise alarms over the burgeoning number of houses in multiple occupation (HMOs) within their neighbourhood. Organised under the banner of Concerned Residents Around Magee (CRAM), locals fear that their community may undergo a transformation similar to the infamous 'Derry Holylands' area in Belfast, renowned for its...