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Report By Zoopla Reveals an 8.1% Increase in Average House Prices in February

Increase in average house prices in February A new report by Zoopla revealed that there was an 8.1% increase in average house prices in February since the past year. While it may be slightly lower than what it was in January, i.e., 8.4%, it is still a cause for concern for many UK adults who are looking to purchase a home. In fact, another study by Market Financial Solutions indicated that 66% of...

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Potential UK Homebuyers Are Concerned about the Rising Interest Rates

Rising interest rates in UK real estate In January 2022, Market Financial Solutions released a report about the UK property market. The researcher surveyed 2001 UK residents (all adults). The report provided a number of different stats and predictions about the industry this year. One of those statistics was the fact that about 66% of potential UK homebuyers are concerned about the rising interest...

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UK House Prices Soar with an Average of £260,000 for the First Time

UK house prices soar to new heights, reaching an average of £260,000 for the first time, according to The Guardian. The increase in price has been consistent for the past seven months, making it more challenging for homebuyers to find a quality home for themselves or to buy as an asset. In the last month, i.e., February 2022, the price of houses in the UK increased by 12.6% since the seven-month...

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More Foreign Investors Are Starting to Buy Property in Spain

The COVID-19 pandemic led to a significant decrease in the amount of property bought in Spain by foreign investors. Travel restrictions, limited cash flow, and relatively low demand for renting property led to the decrease. However, more foreigners are starting to buy property in Spain, reaching nearly the same levels as those before the pandemic. In addition to that, 12.6% of all property purchases...

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The Impact of Working Remotely on UK Real Estate

The COVID-19 pandemic significantly changed the way how many people work, with a majority of them working remotely from their homes. That shift for the past two years has led to changes in the perceptions UK professionals and residents have about the real estate market. Their expectations from homes and their priorities in investing in certain types of property have seen a change. Therefore, this article...

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Elusive Rent Prices in the Big Cities

Contemplating whether to buy or rent a house, now is the time to make that decision. Realtor.com compared rental prices between January 2020 and January 2022, showing the rent has increased by 21% in major cities. In January this year, rent in Miami, Florida shot by 54.2% compared to last year. The US national median rental price increased 19.8% between January 2021 and 2022, signaling a worrying...

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First Time Buying Property in London – Don’t be Swayed

Buying property as a first-time buyer can be a daunting experience. But, if you have the correct information, it can be the most fulfilling endeavor. The current hype on the shift of property market preferences can be misleading for first-time buyers who have no clue what to look out for when purchasing a property. Multiple factors impact the property market in London, and some of the indicators to...

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Residential Sector Will Command More Global Property Investments

JLL, a global property consultant, claims that a third of all global real estate direct investment will be in the residential sector. It was 14% in 2010, and it increased to 25% in 2020. The most significant increases may be felt in Europe and the Asia Pacific. So, here’s what you must understand about this shift in global property investments. Residential Sector Will Command More Global Property...

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What Soaring Lumber Prices Could Mean for the Global Costs of New Homes

Lumber prices have been on the rise since the start of the COVID-19 pandemic, and it has continued to increase till today. The prices did reduce during the second half of last year, but it picked up in December again. The soaring lumber prices could have serious implications for the global costs of new homes. Thus, this article discusses this price increase and how it will most likely affect the price of...

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Joan Rivers’ $38 Million Penthouse Goes on Sale

We all know the late Joan River to be the queen of comedy. However, the incredible comedian, television host, and actress was the owner and resident of a befitting gilded palace on Manhattan’s Upper East Side. Joan’s penthouse could best be described as a little piece of Versailles nestled in the haphazard yet beautiful skyline of New York City. Joan River’s Penthouse Goes on Sale!When...

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