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Here is this week's Breaking News from Property Investor Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this. 

Breaking News

Value of private housing in the UK exceeds £6 trillion

The total value of privately owned properties in the UK has increased by £1.94 trillion over the last decade, surpassing £6 trillion for the first time. A...

Affordable UK property prices help to attract UAE expats

Expats and foreign nationals in the UAE are using the weak pound to snap up UK properties while prices remain affordable outside London and the South...

Reduced asking prices in prime central London triggers demand

Prime central London has seen a steady recovery in transaction volumes in 2017 as asking price reductions stimulates demand. According to the Knight Frank report, buyer sensitivity...

Property Investors Awards winners receive their prizes

The winners of the 2017 Property Investors Awards were announced at a glittering ceremony held on Saturday night (December 2) at The Royal National Hotel in...

Sourced grows its number of franchisees

Sourced, the property franchise company based in Warrington, have expanded to eight franchisees throughout the UK just over three months after launching. Following a successful year-long pilot...

Home price to earnings ratio in London reaches all-time high

The gap between house prices and average earnings has reached a record high in London, according to a new study conducted by Hometrack. The UK Cities House...

Average prices rise month on month in the UK

Prices rose across the UK in October compared to the previous month, according to fresh research conducted by the Mortgage Advice Bureau. According to its National Mortgage...

Buyers and sellers increasingly turning to WhatsApp

A new report by estate agents EastHaus has revealed that WhatsApp – the popular cross-platform messaging service – is increasingly becoming the communication method of choice...

Spanish property market continues to thrive

Demand for Spanish property continues to increase, the latest market analysis from Lucas Fox has revealed. The number of Lucas Fox sales rose by more than half...

Property sells for triple the starting bid in online auction

A three-bedroom home was the latest successful property sale by Pattinson Auction, selling for nearly triple the starting bid. Located in Alnwick, Northumberland, the terraced property had...

Research outlines where the world’s millennial millionaires reside

Research has revealed there are more than twice as many millennial millionaires in US cities than anywhere else in the world. The findings, from economics and business...

If you want to sell your property, Christmas is a good bet, says Loveitts

Loveitts is encouraging sellers to jump at the opportunity to put properties up for sale during the Christmas period, following a recent study carried out by...

The Homebuilding & Renovating Show witness busiest ever year

With over 102,000 total visitors in 2017, The Homebuilding & Renovating Show saw its busiest year ever. The show, which witnessed a 9% year on year increase...

Clive Emson set for busy festive auction season

There are some, ahem, real Christmas crackers on offer for the festive auction season from Clive Emson Auctioneers, with 163 lots catalogued for the auction firm’s...

Buy-to-let loans launched by LendInvest

A buy-to-let (BTL) loan product targeted at experienced, professional property investors and landlords operating in England, Wales and Scotland has been launched by online mortgage broker...

Autumn Budget: housing supply is only the tip of the iceberg

Ahead of today’s Budget, property experts are waiting to see whether their predictions will be dispelled, or whether they will prove to be true. According to the...

MGM launches boutique development in the French Alps

A new boutique development, Les Granges de l’Epinette, has been launched by French property developer MGM French Properties in the resort of Vallandry. Comprising 34 apartments boasting...

One-bedroom property goes to auction for just £1

A one-bedroom property in Potternewton, Leeds, is one of the latest to go on the market with a starting bid fixed at just £1. Hosted by outsourced...

Skipton brings back seven-year fixed deals to offer stability to borrowers

On a day set to be dominated by the Budget, Skipton Building Society has launched two new seven-year fixed-rate mortgages to its residential products. The Society, in...

Birmingham becomes a global property investment hotspot

London has long been viewed as the UK’s premier location for property investment. In recent years, however, high property prices and a lack of available supply...

Properties sell quickest in major Scottish cities

The latest City Rate of Sale report from Post Office Money has revealed the average UK property takes 96 days to sell, with properties in the...

Buy-to-let mortgage costs remain stable despite changes and uncertainty

The cost of buy-to-let mortgages has remained mostly unaffected by the second phase of Prudential Regulation Authority changes, coupled with months of rate rise predictions, according...

Research reveals that temporary stamp duty cut would encourage home moving

More than a fifth of recent home buyers (those who purchased less than three years ago) would consider moving home if stamp duty was cut for...

National average house price being pulled down by London

Despite continued price growth in England’s most thriving regional property markets, the decline in London prices and seasonal factors are weighing a heavy burden on the...

Stamp duty is dampening housing market growth, says bank

The UK property market is becoming stagnant as people who wish to move homes are being hindered by Stamp Duty Land Tax (SDLT), according to a...

Firm’s biggest auction of the year raises £23 million

Over £23 million of land and property was sold by Clive Emson Auctioneers at its autumn auction. Achieving a sale rate of 79%, the company catalogued 179...

Auction House joins forces with Loveitts to boost Midlands presence

Auction House has been joined by Loveitts, bolstering the company’s total number of nationwide auction rooms to 41. Originally forming in 1843, the Coventry & Warwickshire-based auctioneer...

Monaco’s luxury prices thrive from shortage of new homes

The average luxury residential value in Monaco has reached €53,000 per square metre in the second quarter of 2017, according to Knight Frank’s latest report. Located on...

Eight reasons why Birmingham is the UK’s next top property hotspot

Birmingham was named as one of Europe’s top locations for property investment, and takes the number one spot amongst UK cities, beating London, Manchester and Edinburgh,...

House without electricity to be auctioned for charity

One of the last remaining houses in the country completely unmodernised and without electricity is set to be auctioned on behalf of Cancer Research UK and...

Sales at Auction House London raise over £17m

Applause flooded the room of Auction House London as the first lot of the day sold at almost £100,000 above the guide price. With more than 500...

Key things to look out for when buying a leasehold property

Q&A with Rachael Donnelly, associate solicitor in the property litigation team at Blacks Solicitors LLP, on the key things to look out for when buying a...

Homeowners lose more than £4,000 due to Japanese knotweed infestation

UK homeowners fork out roughly £1,800 on average to control Japanese knotweed infestation, while 10% lose over £4,000 because of its presence, new research from Crop...

Allsop’s latest auction posts strong sales total

Allsop’s latest residential auction, which took place on October 26, posted a £61 million sales total, taking the property auction house’s total sales for the year...

Finalists revealed for property investment awards

With less than a month to go until the Property Investors Awards, held at The Royal National Hotel in Russell Square, the shortlisted candidates for the...

Network Auctions saw overall sales reach £4m

Network Auctions’ November sale generated 80% of successful bids for investment lots overall, raising over £4 million. The buy-to-let market is very much alive, with the variety...

Reed Smith advises L+R on refinancing venture

London & Regional Properties (L+R), the long-established client of Reed Smith, has been advised on the refinancing of its Atlas Hotel portfolio. The portfolio consists of approximately...

Birmingham joins the list of Northern investment hotspots

Birmingham has joined Manchester and Liverpool as one of the top Northern property investment hotspots, according to fresh research from IP Global. The property investment company conducted...

Property investment in Birmingham continues to boom

Research carried out by PwC and thinktank Urban Land Institute has revealed that Birmingham remains a UK property investment hotspot, ranking above both Edinburgh and London. The...

Northern England starts to have greater influence over the BTL market

The proportion of new buy-to-let purchase applications in Northern England has grown year-on-year for Q3 2017, according to a fresh report from Commercial Trust Limited. This data...

Millennials are becoming landlords for steady income

Millennials are making a career out of being a landlord, according to a new survey by Intus Lettings. Surprisingly, almost half of 18 to 34-year-old landlords said...

New scheme of luxury apartments set to launch in Southall

A new luxury development of contemporary apartments will be launched this Saturday in the north-west London suburb of Southall. Greenview Court, located on Merrick Road, received a...

Castle to be converted into £3.3m luxury living space

The FM Group has secured funding on the conversion of a 19th century Scottish baronial mansion into 10 luxury apartments with the support of Aldermore. This £3.3...

Possibility of interest rate rise sees borrowers turn to fixed mortgages

The number of borrowers seeking fixed rate mortgages has surged ahead of the prospect of an interest rate rise this Thursday, according to Yorkshire Building Society. The...

The North East is the UK’s slowest moving property market

A staggering 30% of Sunderland properties currently for sale have been on the market for six months or longer, according to research conducted by HouseSimple. The online...

More planning permissions granted than in 2007

Successful planning applications in England are up 6% since 2007, according to fresh data from Pure Commercial Finance. Planning for a major development could be easier than...

Together provides over £800k for block development

Specialist lender Together is granting over £800,000 to buy and develop an idle office block, enabling a development company to expand its buy-to-let portfolio. The finance company...

Exclusive Marbella residence goes up for auction

One of Marbella’s most exclusive mansions has been brought to auction, ready to be sold Without Reserve on November 28 2017. Concierge Auctions will sell Finca Sagitario,...

Research reveals mortgage costs falling again despite possible rate rise

The cost of mortgages has continued to fall despite the regular warnings of interest and mortgage rate rises. After the UK’s economy recorded slightly higher than expected...

Autumn Budget can help free up rental homes to buy

Bishop Fleming has called for the Chancellor in his next Budget to assist residential landlords who wish to downsize their property portfolios as part of a...

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