The current economic climate continues to wield its influence on the preferences of prospective property buyers, significantly impacting decisions on property co-ownership and shared living arrangements. Recent research conducted by Mortgage Advice Bureau has unearthed compelling insights into the evolving landscape of property acquisition, revealing changing attitudes and considerations in light of...
The UK's housing market, which witnessed a remarkable surge during the Covid-19 pandemic, is now exhibiting signs of moderation. Recent data from property portal Rightmove reveals a notable decline in asking prices for homes during August, the sharpest since 2018. After a string of four consecutive months marked by decreasing house prices, this shift hints at a broader slowdown in the property sector....
Economists are predicting a significant downturn in the UK property market, with a 10% drop in house prices anticipated by the end of this year. The EY ITEM Club’s Spring Forecast has suggested that the average price of a UK home could fall from £290,000 to £261,000, as the influence of the property market on consumer spending shifts. However, despite the slump in house prices, experts do not believe...
A new study has revealed the top cities in the UK housing market for the fastest return on investment (ROI) when buying a one-bedroom property. This study analysed current market data from Zoopla, Rightmove, and Propertypal, comparing the average price of a one-bedroom property in all 76 UK cities and the Isle of Man to the average monthly rental income. The results of the study show that Coventry is...
Co-living typically consists of purpose-built rental housing that includes studio bedroom units along with ample communal amenity space, such as gyms, co-working spaces, resident lounges, and cinemas, of high quality. There is an expanding pipeline of co-living properties across the UK, as investors, developers, and operators seek to diversify away from conventional real estate assets and into the...
This year has seen a lot of changes in the housing market. In 2022, we have seen record-breaking house price increases, huge buyer demand, and homes selling faster than ever before. There was an increase of 5.6% in asking prices in Great Britain this year, to an average of £359,137. Prices were almost £17,000 higher than they were in 2021, when they increased 6.3%. The imbalance between...