Sourced Group has acquired Open House Estate Agents, bringing 104 franchisees into its network and offering them access to a funded acquisitions programme. The combined network now comprises more than 230 franchisees across the UK. The post Sourced Group acquires Open House estate agents appeared first on...
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More than two in five British adults support new homes being built within three miles of their residence, according to research from Barclays. The findings suggest that 'YIMBY' sentiment is more prevalent than 'NIMBY' attitudes across the UK, with support strongest among younger generations. The post Public support for local housebuilding outweighs opposition appeared first on...
Housing Minister Matthew Pennycook has described Britain's housing situation as an "acute and entrenched crisis", signalling the government's intention to expand council house construction significantly. The minister highlighted that 64,000 new council homes were delivered last year, the highest annual rate since 2014-2015. The post Housing minister confirms ‘acute’ UK housing crisis appeared first on...
LRG is set to expand its footprint across southern England through the acquisition of Henry Adams, a property agency with origins dating back to 1826. The deal, expected to complete on 1st September, will add 12 branches across Sussex, Surrey and Hampshire to LRG's portfolio. The post LRG acquires 200-year-old Henry Adams estate agency appeared first on...
Edinburgh City Council will vote tomorrow on whether to implement a 300% council tax premium on second homes. The decision could see affected property owners in Band H facing annual bills of approximately £16,000. The post Edinburgh council to vote on 300% second home tax premium appeared first on...
Prime Central London property values have fallen by up to 25% in some cases as tax changes targeting non-domiciled residents impact the upper end of the market. Properties above £15 million have been particularly affected, with international buyers historically accounting for around 70% of transactions in this segment. The post Prime London property values down 25% as tax changes bite appeared first on...
Newcastle upon Tyne has emerged as the highest-yielding rental market in England, with average yields reaching 6.9%, according to new research from The Letting Partnership. The analysis calculated the national average rental yield at 5.9%, derived from an average house price of £293,262 and monthly rent of £1,446. The post Newcastle leads rental yields at 6.9%, national average hits 5.9% appeared first...
The upcoming academic year marks the first test of new possession rules for student landlords following changes introduced under the Renters' Rights Act. Landlords who missed transitional deadlines are unlikely to obtain possession under Ground 4A during the remaining 2026 window. The post Student landlords face Ground 4A possession deadline appeared first on...
ClearPath AI has secured £1m in pre-seed funding for its artificial intelligence platform designed to automate routine tasks in residential property transactions. The company's Property AI product targets estate agencies, using AI to handle processes from instruction and onboarding through to offers and sales progression. The post Estate agency AI platform secures £1m in pre-seed funding appeared first...
Commuter locations around Glasgow and Manchester have dominated annual asking price growth, accounting for ten of the 15 strongest performers across six major UK cities. Falkirk recorded the strongest growth at 13.5% year-on-year to £183,596, while southern commuter towns saw prices decline. The post Scottish and northern commuter towns lead price growth appeared first on...