The latest data from specialist property lending platform Octane Capital shows that cash buyers are paying on average £27,600 less than mortgage buyers for properties in Great Britain, with the exception of London. This gap in price has widened over the past 20 months, as rising interest rates have made…
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Why Now is the Time for South London Homeowners to Consider Selling
The UK rental market is experiencing unprecedented growth, with the Office for National Statistics (ONS) revealing a 5.5% year-on-year increase in rent prices as of August 2023. This uptick follows a previous increase of 5.3% in July 2023, highlighting the relentless demand for rental properties amid a nationwide housing crisis.…
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Bank of Bro and Sis helping fund South London Property Purchases
Research by Hamptons shows that siblings are increasingly chipping in to help brothers and sisters onto the property ladder. In 2023, siblings made up a record 11% of family members contributing to first-time buyer deposits, more than double the share recorded five years ago (5%). There are a number of…
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Do HMOs still work as a good investment in South London?
In recent years, the House in Multiple Occupation (HMO) market has undergone a remarkable transformation. Gone are the days when HMOs were primarily associated with student housing or budget-friendly accommodation. Today, many landlords offer upscale shared living spaces tailored to working professionals, reflecting a surge in their popularity. But what…
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Tenants faced high rents in South London during August
The temperature isn’t the only thing soaring this summer; the South London rental market is experiencing a sizzling surge in prices. According to the latest Rental Index from Goodlord, the cost of rent across England has risen by a staggering 10% year-on-year. Even though average rents dipped slightly in August,…
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Buying with friends or family? Consider this when buying your new home
The dynamics of property buying are shifting, with more than half of prospective buyers acknowledging the impact of the current economic situation on their home-buying plans, including who they plan to buy with. If you’re contemplating the exciting venture of purchasing a property with a sibling or friend in South…
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New to investing in South London? Here’s some key questions you need to ask yourself
Investing in buy-to-let (BTL) properties has a storied history of delivering substantial, inflation-beating returns for investors. Over the years, average house prices have witnessed remarkable growth, with the potential for attractive rental incomes and robust yields on well-selected properties. While the market has seen some landlords exit due to increased…
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Gas Boiler Ban Eased – Good News for South London Homeowners!
South London homeowners have welcomed the news that the government is considering easing the ban on gas boilers. The current deadline of 2025 is seen as too ambitious by many, and there are concerns about the cost of replacing gas boilers with heat pumps. The government is reportedly considering…
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House Prices down £5000 in South London
The UK housing market is facing continued downward pressure on its prices, with the average house price falling by 1.9% in August 2023, the largest monthly fall since November 2022. This is according to the latest figures from Halifax, which show that house prices are now down by 4.6% on…
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South London Landlords Increase Profits Despite Rising Costs and Red Tape!
In recent times, landlords across England and Wales have faced a myriad of challenges, including regulatory changes and economic pressures. However, new data suggests that rental incomes are on the rise, both nationally and specifically within London. In this blog post, we will explore these trends and what they mean…