PropertyWire - UK & International Property News Service
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2024: From setbacks to optimism - PropertyWire
4 days ago · Glenigan and the Home Builders Federation (HBF) have reported that approximately 237,000 new homes secured planning consent in the 12 months to Q1/2024. That is a long way short of the Government’s target of 300,000 a year for the next five years. The issue is compounded by the fact that approximately 10%-20% of consented homes fail to be built.
Knight Frank: House prices to only rise by 2.5% in 2025
18 hours ago · UK House prices will rise by just 2.5% in 2025, as higher mortgage rates have an effect, Knight Frank has predicted. The firm reacted to rising borrowing costs since the Autumn Budget, which is pushing lenders to raise mortgage rates. After that house price growth should increase, to 3% in 2026, and 3.5% in 2027.
Leasehold reform timeline unveiled - PropertyWire
6 hours ago · Leasehold reform timeline unveiled. The government will overhaul the leasehold system in England and Wales by the end of the current parliament. From January the ‘Two-Year Rule’ should be abolished, meaning leaseholders will be able to extend their lease or purchase their freehold immediately after acquiring their property.
Location more important than price for buyers - PropertyWire
1 day ago · Location more important than price for buyers. Homeowners prioritise location above price when it comes to choosing a home, a study from Go.Compare Home Insurance has revealed. More than three-quarters (79%) of homeowners consider location their top priority. For renters, who tend to have less money to spend, price is more often the main concern.
Landlords double down on commercial purchases - PropertyWire
2 days ago · There’s been a 102% year-on-year increase in the proportion of lending allocated specifically to commercial property purchases from 2023 to 2024, according to internal data from mortgage lender Shawbrook. Daryl Norkett, director of real estate proposition at Shawbrook, said: “The commercial property market is recovering after a turbulent ...
US commercial stock most in need of redevelopment
1 day ago · Some 44% of office buildings in the US are seen as outdated and in need of investment, analysis from commercial real estate firm JLL has found. This compares to 34% in Europe, as some countries are ahead of others in terms of decarbonising commercial stock. New York, Washington DC, Paris, Chic
US builders shifting to condos and townhomes - PropertyWire
Oct 18, 2024 · To achieve this pace, builders pivoted toward higher density, building more townhomes as opposed to detached single-family homes. Construction starts for detached single-family homes declined by nearly 9% from 2022 to 2023, but starts for attached single-family homes rose by more than 3% over the same time span.
Property News : UK & International Property News : - PropertyWire
2,044. Next. The latest UK & International property news, opinion and advice from leading industry news website Propertywire. Written and edited by Ray Clancy.
About Property Wire - PropertyWire
About Property Wire PropertyWire.com is an online channel focused on news from both the residential and commercial real estate sectors. It is aimed at key business decision makers from industries such as estate agencies, property development and construction, surveying, architecture to a broad range of readers who just have a general interest in bricks and mortar.