The Cost of Living and Impact on Housing
As the cost of living and mortgage costs keep escalating, House Prices have experienced the biggest decrease in 12 years as per Halifax. Last month saw a 2.6% annual fall in prices or £7500 which now amounts to £285,932. The mini budget coupled with stamp duty cut from last summer is believed to be one of the major contributors behind this dip; however Nationwide reported last week that there [...]
Nationwide: House prices plunged at a rapid annual rate since the Financial meltdown
The UK house prices had the biggest fall and plunged rapidly over a span of 12 months the same as what occurred this previous year since the financial crisis 14 years ago. As stated by Nationwide, UK house prices are now 3.4 percent below compared to last May. Since July 2009, this is considered as the most gradual yearly rate of house price hike in the UK. The demand [...]
Surviving the Mini-Budget Crisis in June: Tips for Homebuyers
The First Week of June – Update The impending months will be tough for the UK mortgage sector as banks and building societies have already pulled out almost 800 residential plus buy-to-let mortgages meanwhile last week. The Liz Truss' mini-budget in autumn afflicted the plausible mortgage rate rises, directing to over 7% lesser transactions for homeowners than before. Tune in to this newsletter to remain up to date on the [...]
Maximizing Your Chances: Strategies for Selling Commercial Property in the UK
Selling commercial property in the UK at times can be a painful process, setting the price and terms and condition of sale can significantly increase the sale-ability – but here are some steps: Market Analysis: Analyse the property in your area. Online portals like Rightmove, Zoopla can give you an idea of commercial property sales. Look at ‘Like for Like’ property sales and work put how much was [...]
Deal Clinic – Commercial Retail Conversion – SK14 1ES
Conversion of Offices into Residential Flats 68-70 MARKET STREET HYDE, MANCHESTER SK14 1ES Here's a property we generated at from our sell commercial property marketing that is up and coming at our 'Deal Clinic Tuesdays' Property Description The property is currently a four-storey mid-terrace building. The property comprises a ground-floor commercial unit with vacant residential units on the upper floors. The ground floor comprises a double commercial unit, [...]
Sitting Tenants – A Dwindling Problem for Landlords
Sitting Tenant properties are in decline as tenants mature. Selling a property with a regulated (sitting) tenant still remains a problem. In the UK, there are 4.1 million are in rental accommodation, a very small percentage of these tenants are sitting tenant. A definition of a ‘Sitting Tenant’ is an individual who has a legal right to remain in a property for the rest of their lives. [...]
Selling Your Property in 2022
1. Get your facts straightThe more you know about the local area and properties in that area, the better. This will help you make informed decisions throughout the selling process. It's important to be honest with yourself about what the property is worth and where you're willing to compromise.2. MarketingKnow your market, who's most likely to buy your house, and how much they can afford. The internet has [...]
VAT When Selling a Commercial Property
Selling property can be an excellent way to make money, but it's important to know how Value Added Tax (VAT) applies when selling real estate.Understanding the rules and regulations surrounding VAT on property sales is essential, so we have compiled this guide to take you through what you need to know whether you should opt to charge VAT, whether owners of commercial property can opt to vat exempt, and [...]
Hoxa Head – A Military Acquisition
Orkney consists of 67 separate islands, the central administrative island being Kirkwood.The islands are home to a number of historic UNESCO World Heritage sites. These include Iron Age relics and Knap of Howar on Papa Westray and dates back to the Neolithic period.In 995AD the islands were originally besieged by the Norwegian King, Olaf Tryggvassal, but it was Thorfinn the Mighty ruled throughout the islands.Along with his brothers and [...]
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