Posts with tag: UK housing

Rightmove sees record high searches for rental homes with gardens

Published On: April 27, 2020 at 8:26 am


Categories: Lettings News

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Data from Rightmove has revealed that recent searches for rental homes with gardens have almost doubled compared to the first week of lockdown in the UK.

When comparing figures to earlier in the year, on average these searches are 16% higher than those of January and February. They’re also 26% up on this time last year.

Rightmove’s commercial director and housing market analyst, Miles Shipside, said: “Having a garden is often a rarity for many rental properties in larger cities, and so it may be that during lockdown people are rethinking their needs and location and are searching for some outdoor space and tranquillity.

“That allure may draw them further away from where they have habitually lived and travelled to work from, as can be seen by some of the coastal locations that have seen the largest search increases. 

“Interestingly we’ve not yet seen this trend mirrored by those looking to buy a home, perhaps as renting is usually a much quicker process and so renters are thinking sooner about what changes they want for their next place.

“Agents report they’re helping their landlords line up new tenants ready to physically view properties when restrictions are lifted and we’re also seeing a lower but steady level of tenant referencing taking place. 

“Those properties with a garden are likely to be able to fill any landlord voids more quickly post lockdown. Understandably most of the rental market has hit the pause button right now except where there are essential moves taking place, and so we haven’t seen an indication of price movements yet.

“If there is a spike in demand that exceeds supply when lockdown ends this may underpin rental prices.”

Read the full report here.

8 reasons why 2020 is the year to buy a UK holiday let

Published On: January 28, 2020 at 9:27 am


Categories: Landlord News

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There are many fabulous locations across the UK for holidays, meaning increasingly more Brits are happy to stay in the country for their vacation. Whether you want a break in the countryside or to sunbathe by the sea, there are plenty of options.

With this in mind, Spot Blue International Property has listed its top eight reasons why 2020 could be the ideal year to invest in a holiday let on home soil:

1. A growing staycation market

VisitBritain states that domestic tourism currently accounts for almost 80% of all tourism activity in the UK. About £72 billion is spent annually by domestic tourists, or ‘staycationers’, in England alone.

Short breaks are becoming particularly popular, with the national tourist agency recording 35 million overnight holidays being taken between July 2018 and July 2019. This is a 2% increase on the same period the previous year.

2. Rising inbound tourism

More overseas visitors are also coming to the UK. This is bringing in revenue and creating a larger market for tourist accommodation. VisitBritain predicts the number of overseas visits to the UK to rise to its highest level ever this year, reaching 39.7 million. This will be 2.9% higher than in 2019. August 2019, in particular, was the highest month on record for both inbound visits to the UK and overseas visitor spending.

3. It’s greener!

Everyone is thinking more about their impact on the environment now, even when it comes to holidays. Holiday homes in the UK are an eco-friendly option for domestic tourists, as they take away the need to fly. On top of this, the most modern holiday properties have very low carbon footprints, due to the construction process and energy-saving qualities once built.

4. No need for foreign currency

Since the EU Referendum in 2016, the exchange rate hasn’t been on the side of British holidaymakers abroad. This also goes for property investors, as this weaker pound means everything costs more. Investors and tourists can avoid this issue by staying in the UK. It’s also a less stressful process to buy a property in your home country than it is to purchase abroad, especially if you aren’t fluent in that country’s language.

5. Easier travel

Being able to travel by car rather than having to suffer the queues and delays at an airport is another reason to holiday in your home country. You can also be more flexible with when you go and leave, as well as what you take with you. An even greener option is to go by train or coach!

6. Investment potential

Spot Blue International Property also highlights that holiday home developers in the UK, such as themselves can offer attractive terms to investors, as well as lifestyle buyers. It’s worth doing some research into such options if this interests you!

7. Tax benefits

Another perk of property investment, according to SBIP, is that furnished holiday lets in the UK are treated as businesses and come with favourable tax breaks and allowances.

They say: “As a guide, they attract capital allowances, which can be applied to furnishing the property, most of their running costs are tax-deductible, any profit can be used for pension contributions, capital gains tax incurred from them is low, and most will qualify for relief on business rates while being exempt from council tax.”

8. No language barrier

If you are not multilinguistic, then staying in the UK might be your preferred choice. It certainly is less stressful if you don’t want to make the commitment to learning another language or pay for professional help when it comes to the legalities of buying and letting abroad.

Homes England chipping away at housing deficit at ever-growing rate

Published On: December 4, 2019 at 10:24 am


Categories: Property News

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The Homes England housing statistics for the period 1st April 2019 to 30th September 2019 have been released. The report for which includes the following highlights:

  • During this six-month period, there were 16,955 housing starts on site and 14,792 housing completions.
  • Levels of starts were the highest for 10 years and the second highest they have been since 2011.
  • 12,310 (73%) of housing starts on site in this period were for affordable homes. This is a 24% increase on the same period last year.
  • 5,157 affordable homes started were for Affordable Rent, a reduction of 9% on last year.
  • 10,295 (70%) of housing completions were for affordable homes.
  • 6,405 affordable homes completed were for Affordable Rent.

Joseph Daniels, founder of modular developer Project Etopia, comments: “There is a long way to go to plug the hole in England’s housing deficit, but Homes England is chipping away at it at an ever-growing rate, reaching a 10-year high for starts on new homes. 

“In particular it is making much-needed inroads in affordable housing levels, which represents more than 70% of its work. 

“The 24% growth in affordable home starts, compared to the same time period last year, indicates that Homes England is succeeding in driving delivery forward in that area of the market. Its efforts bode well for the coming year with a bumper rise in completions expected to follow.”

Andrew Southern, chairman of property developer Southern Grove says: “The industry is providing affordable homes at an increasingly rapid rate and this is one of the most important trends in house building right now.

“Affordable housing is a growing focus for both private companies and those responsible for spending government support wisely because of the disconnect between property prices and the scale of housebuilding being achieved nationwide.

“The longer the housing crisis persists, the harder it becomes for developers of all kinds to build enough homes to begin to tame rampant house price growth.

“This is a problem that has kept policymakers awake at night for as long as the housing crisis has been a live issue. 

“It has now become received wisdom that affordable housing is the only way to deliver realistically prices homes for first-time buyers, young families and young professional on anything approaching a sensible time scale. It’s an incredibly important card to hold now, and in some areas such as London, where house prices are least affordable, this socially conscious initiative has already become an essential strategy.”

Top Ten Best and Worst Locations to Sell a Property in England and Wales

Published On: July 16, 2018 at 9:52 am


Categories: Property News

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This year has certainly been the most challenging year so far for the UK property market.

Despite some areas of the country being able to maintain positive conditions, other areas have been impacted by the uncertainty of the market as a result of political turbulence and economic challenges.

According to Quick Move Now and, the worst places to sell a property consist of the following:

• Rotherham – property spends an average of 279 days on the market
• Knightsbridge – property spends an average of 277 days on the market
• Sunderland – property spends an average of 277 days on the market
• Mayfair – property spends an average of 272 days on the market
• North Shields – property spends an average of 268 days on the market
• Marylebone – property spends an average of 268 days on the market
• Soho – property spends an average of 266 days on the market
• Charing Cross – property spends an average of 265 days on the market
• South Shields – property spends an average of 264 days on the market
• Strand – property spends an average of 262 days on the market

In contrast, the best places to sell property are the following:

• Rainham – property spends an average of 87 days on the market
• Bristol – property spends an average of 88 days on the market
• Strood – property spends an average of 89 days on the market
• Swindon – property spends an average of 90 days on the market
• Northampton – property spends an average of 93 days on the market
• Waterlooville – property spends an average of 94 days on the market
• Coventry – property spends an average of 94 days on the market
• Basingstoke – property spends an average of 94 days on the market
• Rochester – property spends an average of 96 days on the market
• Stevenage – property spends an average of 97 days on the market

Managing Director of Quick Move Now, Danny Luke, commented: “As we can see from the data, the property market varies hugely throughout England and Wales; from an average time on market of 87 days in Rainham, right up to an average of 279 days – more than nine months – in Rotherham. These figures also do not take into account conveyancing time, which takes an average of eight to twelve weeks.

This means, in reality, it takes homeowners in Rotherham, on average, more than a year to sell their property. Unfortunately, more than one in five of those sales is then likely to fall through before successful completion, meaning the homeowner will be required to start the whole process all over again.

“Historically, there has generally been a clear north-south divide between the best and worst places to sell, however, with six of the ten worst places to sell being within Greater London, and the remaining four being in Tyne and Wear and South Yorkshire, that divide seems to be a thing of the past. Even London’s once seemingly untouchable market is suffering.

“When it comes to the best places to sell a property, with three of the top spots, Kent continues to perform well. The M4 corridor is also one to watch, with both Bristol and Swindon featuring in the top ten.”

28% of UK property prices in major locations are lower than a decade ago

Published On: September 14, 2017 at 1:24 pm


Categories: Property News

Tags: ,,,

Despite house pace growth in England and Wales being steady during recent years, new research suggests that some parts of the country have not recovered from the financial crash of ten years ago.

The two worst affected places were found to be Blackpool and Sunderland. Average house prices here were found to be 15.3% and 13.3% under their levels in 2007, according to new research from HouseSimple.

North/South Divide

Data from the research shows that the majority of areas where values have not recovered from these seen a decade ago are in the North. On the other hand, the largest rises have been seen in the South, led by London at 68.5% and Cambridge at 64.5%.

In order to compile the research, HouseSimple compared average house prices in June 2007 and June 2017 in over 60 major towns and cities across England and Wales. Nearly 1.5 million property transactions were completed in 2007, when property prices reached their peak levels.

Analysis from the report shows that in 28% of these towns and cities, average property prices are below 2007 values. Following Blackpool and Sunderland, Middlesbrough is seeing average prices 9.7% lower than ten years ago.

In Preston, they are 8.1% below the average seen in 2007, Stockton on Tees 5.7% and Gateshead and Rotherham 3.8%. Other towns and cities where prices are lower include Bolton, Newcastle, Blackburn and Liverpool.

28% of UK property prices in major locations are lower than a decade ago

28% of UK property prices in major locations are lower than a decade ago


On the other hand, Stevenage has seen rises of 58.5%, Slough 55.9%, Oxford 55.4% and Luton 47.5%.

Alex Gosling, the firm’s chief executive officer of HouseSimple, said: ‘The last 10 years has been a golden period for many UK home owners who have sat back and watched the value of their homes rise to record levels. Unfortunately, there are pockets of the UK where property prices have been literally stuck in the past. Many of these home owners will have been in negative equity for a decade.’

‘It must be galling for anyone who bought a property 10 years ago, at the top of the market, and are sitting in a home that is still worth less today than it was when they bought it pre-2008. Worse still, any hope they have of drawing a line under their misfortune, and moving on, is most likely on pause as selling up would mean losing money. Finding the funds for a house deposit is difficult enough without having to cover losses on a house sale as well.’[1]






How do iPhone price rises compare to that of UK housing in the last decade?

Published On: September 12, 2017 at 12:01 pm


Categories: Property News

Tags: ,,,

Today is set to see the latest version of the iPhone announced to the public, in Apple’s latest conference scheduled for this evening.

The model is expected to retail at a cool $969 (£734), meaning the price has risen by 94% since the original iPhone came onto the market in January 2007.

But just how does this staggering rise compare to that of the housing market during the same period?

Price Rises

Well, there is no comparison, with prices in the UK housing market rising just 26% on average over the decade.

However, both have seen a fall in price in the last 10 years, with the iPhone 3G (June 2008), 3GS (June 2009) and 4 (June 2010) all seeing a lower price point of $299 when introduced.

In addition, the typical UK house price also dropped between June 2008 and June 2009, by roughly -12.25% as a result of the economic crash.

Since then, the UK market has enjoyed steady growth across each annual Apple iPhone release announcement. Whilst Apple kept their prices frozen at $399 between 2011 and 2013, there has been a notably-larger price rise in the UK housing market.

From March last year, when Apple announced the iPhone 7 and 7S, property prices have risen by 8%.

How do iPhone price rises compare to that of UK housing in the last decade?

How do iPhone price rises compare to that of UK housing in the last decade?


Russell Quirk, founder and CEO of, commented: ‘The escalating cost of getting on the UK property ladder is one that is often highlighted, alongside the lack of growth where wages are concerned and the increasing cost of living.’

‘It makes it even harder for those of us loyal to the iPhone cult when each year the latest product released escalates at an extraordinary rate. It highlights the impossible task faced by younger generations in terms of keeping up with two fast paced areas of modern life, property, and technology.’[1]