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6 August 2018

PROPERTY INSIGHT – The North / South Divide

The housing headlines over the last decade have been consistent – the country is split in a North-South divide. House price growth in London and the South has slowed, while the North has won out. Between 2016 and 2017 we saw a shift in price growth from South to North, with most regions in the Midlands and the North overtaking those in the [...]

30 July 2018

INVESTOR FOCUS: Why recent policy changes won’t stop the growth of renting

Landlords are buying fewer homes. Since the introduction of the 3% Stamp Duty Land Tax (SDLT) surcharge in April 2016, landlords have sold 50,000 more homes than they bought. And now, they make up a smaller part of the market. Investors bought 12.3% of homes in 2017, down from 16.4% in 2015. Despite landlords selling more homes than they bought, the [...]

22 July 2018

Residential development in Fulford is underway

WORK has started on a new 14-home luxury residential development in Fulford, York. York based The Helmsley Group is behind the four, five and six-bedroom houses at Connaught Court off St Oswalds Road, which have some ‘stunning aspects’ over the Ings and the River Ouse. The first three properties are expected to be completed by early 2019. [...]

17 July 2018

Number of homes let by company landlords doubles following new tax relief laws

18% of properties let in H1 2018 were owned by a company rather than an individual. This is up 4% compared to H1 2017 and 8% higher than in H1 2016 One in four (25%) of homes let in Yorkshire and the Humber in H1 2018 were owned by a company landlord, followed by the North West (20%) and London (19%) London had the highest proportion of company owned [...]

14 July 2018

Plans for 550 new homes to be built, including affordable housing, in York

Dan Taylor addressed a City of York Council executive meeting before members agreed to 550 homes being built over the next five years, with the authority’s own housing department running the project instead of a specific housing development company. He said: “The cries for more affordable housing in York are loud and numerous. “We have seen [...]

21 June 2018

TWO property developments in York have scooped top awards

Groves Chapel and Holgate Mews won coveted titles at the North and East Yorkshire Yorkshire’s Local Authority Building Control (LABC) Excellence Awards. The title of Best Refurbishment or Extension of a Listed Building went to Groves Chapel, which has been developed by property company S Harrison into apartments and a Co-operative Food convenience [...]

13 June 2018

13,680 rented second homes in 2017 – highest number on record

The number of properties rented as second homes in Great Britain reached 13,680 in 2017 – 136% more than in 2007 when there were just 5,800 The average rent of a second home reached £1,060 pcm in Great Britain – 24% more than the average rent of a primary home The South West has the highest proportion of rented homes let as second homes – six [...]

12 June 2018

600 New Homes Planned in York for Former Rowntree Chocolate Factory, Known As ‘Cocoa West’

As plans progress to build 600 new homes on a central York site which has been unoccupied for sometime, the public had the opportunity in April to see more detail of what has been named the ‘Cocoa West’ development, which will be based on the former Rowntree chocolate factory land, and accessed from both Wigginton and Haxby road. The area [...]

4 June 2018

Five Reasons Why York Is A Great Place To Invest In Property

If you read our latest blog, you’ll be aware that significant growth has been forecast for the private rental sector in 2018. So, if you’re sitting on the fence when it comes to investing in York – one of the UK’s most picturesque cities, as well as a top destination for students, professionals and tourists alike – you need not get too [...]

25 May 2018

Bold Plans for Redevelopment of Bootham Park Hospital in Central York

YORK’S city council leader wants the authority to convert Bootham Park hospital into a residential care home, affordable housing, or even a health centre. Cllr Ian Gillies has revealed he wants to look at acquiring the site and although the authority could not pay “a seven figure sum”, he hopes that as the building is already publicly owned, the [...]