HMO licensed properties carry premiums
Properties already licensed as HMOs sell for 13.1% above the average house price, analysis from debt advisory firm Excellion Capital has revealed. HMO licensed properties typically sell for £334,260, compared…
Former Scottish Steelworks could become major data centre
A former steel mill could be redeveloped into one of the UK’s largest green AI data centres, under a proposal from developer Apatura Energy. The Ravenscraig site could develop a…
Two thirds of landlords plan to sell in next 12 months
Some 69% of landlords plan to sell at least one property in the next 12 months, research from GoSimpleTax has revealed. The top concern (43%) among investors is changing regulations,…
Higher supply pulls house price growth down to 1.4%
UK house price inflation has slowed to 1.4%, led by falling values in London and the South, Zoopla’s house price index has revealed. This represents a reduction from 2% earlier…
Advance rent caps to lock renters out of the market – warning
The Renters’ Rights Bill’s cap of advance rents to one month could have the effect of pushing vulnerable tenants out of the market, an estate agency boss has warned. Des…
Renters’ Rights Bill won’t pass till Autumn
The Renters’ Rights Bill, which includes measures to ban Section 21 evictions, won’t pass until Autumn at the earliest. That is according to The Financial Times, which blamed a “choked”…
Major lender calls for more gradual EPC regulations
The Mortgage Works (TMW) has called for EPC regulations to focus on the least energy efficient properties first, rather than expecting all properties to reach a C rating by 2030.…
South West the top destination for over-50s
The South West of England is the UK’s top destination for over-50s looking to downsize, as nearly half (43%) of the region are over that age, research from Regency Living…
Inntelo AI appoints global advisory board to accelerate innovation and growth in hospitality tech
UK-based hospitality technology company Inntelo AI has announced the formation of its global advisory board, comprising renowned hospitality leaders from the UK, Europe, North America, and the Middle East. Inntelo…
Inner London to increasingly price out new buyers
All but those earning over £90,000 are expected to be priced out of the Inner London boroughs by 2035, affordable housing charity Dolphin Living has projected. London’s population is expected…