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15 March 2018

Analysis & Growth Forecast for the Private Rental Sector 2018

Hidden figures With a host of policy changes affecting the rental sector and a marked slowing in the number of properties being purchased by landlords, we’re all wondering what this means for the outlook of the private rental sector. Since the introduction of the 3% stamp duty land tax (SDLT) charge in April 2016, landlords have sold 50,000 more homes [...]

13 March 2018

House Price Growth Drives Investor Gains & Profit – Lettings Index Feb 2018

Average landlord who sold in 2017 gained £86,651 The average landlord who sold their rental property in 2017 did so for £86,651 more than they paid for it, owning it for an average of 8.7 years The average owner occupier selling in 2017 made a bigger gain (£92,886) than a landlord (£86,651) as they owned their property for longer Rental growth [...]

27 February 2018

Optimism: Economic Growth Projections 2018

There is plenty of optimism surrounding the global economy. The Eurozone’s surprise recovery in 2017 has created confidence for the year ahead, and even Mr Draghi, the President of the European Central Bank (ECB), signed off the year with a more optimistic outlook. In fact, the IMF think economic growth in the Eurozone will reach 2.2% this year, its [...]

21 February 2018

Three key residential developments in York are nominated for top awards by RICS

THE Residential category of this years Royal Institute of Chartered Surveyors Yorkshire and Humber Awards is dominated by projects from York and North Yorkshire. Three of the city’s newest housing schemes have been shortlisted for prestigious industry accolades – including the overall Project of the Year title. The annual awards recognise [...]

15 February 2018

Purpose-built rental development given planning permission in York

THE city’s first purpose-built rented accommodation block has been given planning permission. Lendlease and Evans Property Group were given the green-light to go ahead with their plans for 196 one and two bedroom apartments by City of York Council this month. The development will be the last chapter the major Hungate regeneration scheme, and [...]

13 February 2018

Total rent bill rises £1.8 billion in 2017 – Lettings Index January 2018

Rising rents & more households renting means 2017 was a record year for total rent. Rents grew by 2.4% year-on-year, growing fastest in London/ Midlands /South West. The North sees healthy growth of 2.1% in Jan 2018, compared to previous Jan 2017. The amount of rent paid by millennials (born 1977 – 1995) falls 2%. Generation Z (<23 years old) [...]

30 January 2018

Building Design Awards to be Hosted by York Theatre Royal

YORK Theatre Royal, which last year won two prestigious York Design Awards following its £6million refurb, will host the launch of this year’s awards. The aim of the awards is to celebrate and promote the very best of building design in the city. The Theatre Royal was one of the big winners last year – picking up an award in the large [...]

16 January 2018

Predictions for strong rental growth in 2018 – Lettings Index December 2017

Rental growth rises by a third from 1.8% in 2016 to 2.4% in 2017 in the UK, and 2.0% excluding London. Yorkshire and Humber goes from the slowest rate of rental growth in 2014 to 3rd / 4th fastest in 2016/17 respectively. Proportion of homes bought by a landlord drops to 12.5%, a nine year low. Number of homes on the rental market in 2017 was 4% lower [...]

5 January 2018

Historic Bootham Hospital is put up for sale in central York location

A FORMER mental health hospital has gone on the market today. Bootham Park Hospital has been empty since October 2017 when clinical services were relocated to Huntington House, in Jockey Lane, near Monks Cross, but it ceased to run as a hospital in 2015 on the advice of inspectors from the Care Quality Commission. It remains in the possession of NHS [...]

20 December 2017

Ryedale House to be converted to 77 luxury flats, bought by residential developer, Newby

A LANDMARK city centre building has been bought by a developer which now plans to convert it into 77 luxury flats. Ryedale House, which has been standing empty for years since it was vacated by the North Yorkshire Health Authority, has been acquired by residential developer Newby. The seven-storey building already has permitted development for [...]