Average rental arrears reached a record £2,281 in the first quarter of the year, according to new data from deposit alternative provider Reposit. The figures show arrears increased by 2% year-on-year, suggesting the pace of growth is slowing following sharp rises in recent years. The post Rental arrears reach record high of £2,281 in Q1 appeared first on...
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Analysis of Land Registry data reveals significant regional disparities in UK property price performance, with northern regions outpacing southern markets in recent growth but lagging substantially over longer timeframes. London prices remain 19% below inflation-adjusted values since 2022, whilst the North East shows a 23% shortfall since 2005. The post Regional property price divergence reveals market...
The number of estate agencies and property businesses in critical financial distress increased by 19.1% in Q1 2026 compared with the same period in 2025, according to Begbies Traynor Group. By the end of March 2026, 7,719 businesses in the real estate and property services sector were classified as being in critical financial distress. The post Estate agency financial distress rises 19% year-on-year...
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...