A West Midlands property developer and lettings agent has received a 22-month suspended prison sentence after fraudulently obtaining Covid-19 business support loans totalling £125,000. Harjinder Singh was also banned from acting as a company director for seven years. The post Lettings agent receives suspended sentence for Covid loan fraud appeared first on...

Avamore Capital has provided £3.3 million in development finance for a six-unit residential scheme that includes substantial highway infrastructure work. The 18-month facility marks the lender's first transaction with a newly formed borrower partnership. The post Avamore funds £3.3m development with highway works appeared first on...

A 21-bedroom house in multiple occupation (HMO) scheme on Iffley Road in Oxford has secured £3.05 million in bridge-to-let financing from specialist lender Aspen. The funding package, structured at 80% loan-to-value on day one, includes an initial advance of £2.05 million to refinance the existing purchase loan and continue construction works. The post Oxford HMO scheme secures £3m bridge-to-let funding...

Property inspection platform TouchRight is pursuing additional CRM integrations following the completion of its connection with Alto's system. The company has also launched AI-powered reporting functionality one year after director Miriam Roth acquired the business from Plentific. The post TouchRight targets CRM partnerships after Alto integration appeared first on...

Private tenants in England are spending approximately 36% of their household income on rent, according to new analysis by Generation Rent and the Renters' Reform Coalition. The data reveals significant regional variations, with Kensington and Chelsea showing the highest rental burden. The post Private tenants spend 36% of income on rent, data shows appeared first on...

Saudi Arabia has enacted foreign ownership reforms and infrastructure programmes under Vision 2030, aiming to increase real estate's GDP contribution from 7% to over 10% by 2030. Non-Saudi nationals may now purchase property in designated zones across Riyadh, Jeddah and the Eastern Province, with investors spending SAR 4 million qualifying for Premium Residency visas. The post Saudi Arabia property market...

Saudi Arabia has opened its real estate market to foreign freehold ownership for the first time, allowing international investors to purchase property outright in designated zones. The reforms permit non-Saudi nationals to acquire complete ownership rights in approved locations including Riyadh, Jeddah, NEOM, and major development projects. The post Saudi Arabia opens freehold property market to foreign...

Saudi Arabia's Vision 2030 initiative is channelling over $900 billion through the Public Investment Fund into real estate and infrastructure projects. The economic diversification strategy has positioned property development as central to reducing the Kingdom's dependence on oil revenues. The post Saudi Arabia’s Vision 2030 drives $900bn property expansion appeared first on...

Inntelo AI, the UK-based AI hospitality platform, has appointed Ali Hassan as Chief Financial Officer and Director, North America, where he will work alongside founder and CEO Asif Alidina to drive the company’s expansion across the North American market. The move marks Inntelo AI’s entry into the United States and Canada, as the company continues The post Inntelo AI appoints new CFO as it expands...

Key indicators suggest the UK property market remains relatively stable despite economic uncertainty, with property availability 14.6% above the 10-year average and motivated buyers supporting transaction volumes, though completion times have extended to 17 weeks. The post UK property market shows resilience despite economic uncertainty appeared first on...