UK Property

UK Property

Schroders’ Nick Montgomery: UK real estate is in an unprecedented period

Schroder REIT manager Nick Montgomery (pictured) says UK commercial real estate is in recovery following an ‘unprecedented’ period in which rents rose while values fell. The REIT, which Montgomery manages alongside Bradley Biggins, announced its results for the year to the end of March last week, revealing an 11% net asset value total return over the period — Schroder REIT’s strongest annual performance since 2022. UK commercial property has undergone a correction over the last few years, with most sectors falling by up to 25% after peaking in 2022 according...
UK Property

UK house prices fall at fastest pace in four years after stamp duty rise

Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.UK house prices declined at their fastest monthly pace in nearly four years in April, as demand fell after the end of a temporary stamp duty holiday.Property prices fell 2.8 per cent between March and April, the steepest month-on-month decline since July 2021, according to data from the Land Registry published on Wednesday.The fall brought the average house price down to £265,000 and pushed annual growth to 3.5 per cent, from...
UK Property

Schroder’s Nick Montgomery: UK real estate is in an unprecedented period

Schroder’s REIT manager Nick Montgomery (pictured) says UK commercial real estate is in an ‘unprecedented’ period as rents continue to rise while property values fall. The REIT, which Montgomery manages alongside Bradley Biggins, announced its results for the year to the end of March last week, revealing an 11% net asset value total return over the period — Schroder REIT’s strongest annual performance since 2022. UK commercial property has undergone a correction over the last few years, with values in most sectors falling 25% after peaking in 2022 according to...
UK Property

UK’s most in-demand coastal town is ‘perpetual holiday’ with miles of sandy beaches

Bournemouth has been named the most in-demand coastal location for buyers, with its stunning natural beauty, extensive green spaces, and appealing property market all contributing to its popularityBournemouth beach in Dorset is a very popular spot for tourists(Image: John Harper via Getty Images)Bournemouth, the charming coastal town situated on England's southern coast, has recently experienced a significant increase in popularity among property buyers. The latest figures from Rightmove reveal that Bournemouth has become the most sought-after seaside location for purchasers, a trend fuelled by its breathtaking natural beauty, abundant green...
UK Property

Anyone with a garden told to act for massive £53,000 potential boost | Personal Finance | Finance

Thousands of homeowners could be sitting on a goldmine - and all it takes to unlock it could be a lawnmower and a few hardy shrubs.New research has revealed that a well-kept garden can boost the value of the average UK home by £53,650 - yet most of us are letting the opportunity slip through our fingers.Despite gardens being one of the most desirable features for house-hunters, only 16% of Brits are investing their savings into improving their outdoor space. This is according to a survey of 2,000 people by...
UK Property

UK property asking prices post unusual fall in June

Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.Asking prices for UK homes fell in June, bucking the trend for rises at this time of year, according to data that showed the biggest declines in London and the south of England where more properties were put up for sale. Average new seller asking prices dropped 0.3 per cent to £378,240 between May and June, Rightmove said on Monday, after a 0.6 per cent increase between April and May.Prices have...
UK Property

Finding the best place to live

Looking to settle down in a new area? We're here to help you find the right place to buy your next home.Read on for tips on how to research a town, the signs of an up-and-coming area and the most affordable and happiest places to live.What to check when researching an area1. Nearby shops and facilitiesDoes the area match your lifestyle? For example, do you want a pub or gym within walking distance or do you prefer the quiet life? Also take a look into how many services are in the...
UK Property

Property asking prices fall as number of homes for sale hits decade-high

Newly listed asking prices fell this month, according to Rightmove, as sellers attempted to sell amid decade-high competition to secure buyers.New seller asking prices dropped by 0.3 per cent, the equivalent of £1,277 in June to £378,240.This is an unusual dip for June, according to the property portal. This month's price drop compares to an average increase in June of 0.4 per cent over the last ten years.There are likely a number of factors causing the dip in asking prices. Rightmove says the fall may be a delayed response to the stamp...
UK Property

UK freezes £185mn of properties linked to ex-Bangladesh minister

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Britain’s National Crime Agency has frozen more than 300 UK properties worth about £185mn linked to Bangladesh’s former land minister, as the south Asian country seeks to recover billions of dollars allegedly siphoned off by the deposed regime of Sheikh Hasina.The NCA said on Thursday that it had frozen 342 properties with a combined purchase price of roughly £185mn after it was granted orders by the High Court in London on June...
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