Property
Gulf investors lining up to buy property in UK cities, report finds – Beragampengetahuan
London is the top global destination for property investment from Gulf states in spite of turbulent market headwinds, according to a new report from the Al Rayan Bank. The 2023 Gulf Cooperation Council (GCC) Investment Barometer, which surveyed 150 investors from Saudi Arabia, Qatar and the UAE with an average net worth of $208m, found […]
What is currently happening in the UK property market? – Beragampengetahuan
This week’s special guest Richard Durrant features on the show to talk about the current state of play in the UK property market for the week ending Sunday, 22nd October 2023. Headlines: Listings YTD 2023 are 99.5% of the 2017/8/9 YTD average (last week 99.6%) Gross Sales YTD 2023 are 94.0% of the 2017/8/9 […]
Rightmove shares tumble but is its property portal dominance now under threat? – Beragampengetahuan
When the concept of Agents’ Mutual as a business was first mooted a decade ago and subsequently OnTheMarket.com as a brand was born a couple of years later, many estate agents hoped that it would shake up the online property portals sector – dominated by Rightmove and Zoopla. OnTheMarket, backed by a consortium of heavyweight […]
Property industry reacts to Rightmove House Price Index – Beragampengetahuan
Property asking prices edged higher by an average of £1,950 this month, according to Rightmove’s latest analysis. Although new asking prices typically rise at this time of the year, the property portal says October’s 0.5% rise is the smallest increase it has seen in October since 2008. Based on the last 20 years, the average […]
HMRC warns against tax avoidance scheme marketed to property industry – Beragampengetahuan
HMRC says it is aware of a scheme being marketed as a tax planning option available to individual landlords to structure their property business. Sometimes referred to as a hybrid business model, the arrangement claims to: bypass mortgage interest relief restrictions allowing increased deductions for mortgage interest reduce the tax payable on profits generated by […]
Fast-expanding property firm completes fifth acquisition of 2023 – Beragampengetahuan
L-R: Dan Jackson, Mike Cleary, and Mark Sandall Midlands-based Sheldon Bosley Knight (SBK) has acquired its fifth business this year. Leicestershire-based Andrew Granger & Co has joined the fold adding a lettings department of approximately 1,000 properties alongside a well-established sales operation which lists approximately 400 properties each year. The company’s rural, commercial and planning […]
Property firm goes into administration – Beragampengetahuan
Housebuilder Inland Homes is to appoint administrators, as ongoing uncertainty related to regulatory failings means it cannot publish audited accounts for the past two financial years. Inland has filed a notice of intent to appoint administrators, with the directors selecting David Hudson and Phil Armstrong of FRP Advisory to oversee the process. FRP has been […]
What’s happening in the UK property market this week? – Beragampengetahuan
Despite the doom-mongers and economic obstacles, the UK property market has built on top of last week’s rebound from its typical August Bank Holiday downturn. Yet, the fly in the ointment is overvaluing. Estate agents are still overcooking the suggested asking prices of many new properties coming on the market. This week’s special guest, Bryan […]
Property industry reacts to Bank of England’s decision to freeze interest rates – Beragampengetahuan
UK interest rates have been left unchanged at 5.25% by the Bank of England. The decision comes a day after figures revealed an unexpected slowdown in UK price rises in August. The Bank had previously raised rates 14 times in a row to curb inflation, leading to a surge in mortgage payments but also higher […]
Property industry reacts to Rightmove House Price Index – Beragampengetahuan
Vendors are reducing their asking prices at the fastest rate in more than a decade, after the surge in interest rates dampened demand for property this summer. The proportion of homes on the market which have had at least one price reduction is at its highest level since January 2011, Rightmove said. According to the […]