News

In the evolving landscape of commercial real estate, industry leaders are looking ahead to 2025 with a mixture of optimism and pragmatism. Insights from Deloitte's Global Real Estate sector illuminate the key trends and strategies that organizations will need to consider for future success. Expert contributions from seasoned professionals like Jeff and Kathy provide a foundation for understanding the...

The Bank of England's recent decision to lower interest rates to4.75% marks a significant development in the UK's financial landscape, driven primarily by a notable reduction in inflation rates to 1.7%. This change is anticipated to alleviate some financial pressures for borrowers, especially those utilizing variable rate mortgages. Industry experts, while recognizing the immediate benefits of this...

In a significant move to address the ongoing homelessness crisis, the City of Edinburgh Council has announced a comprehensive plan aimed at relocating hundreds of families from unlicensed temporary accommodations by the end of November2024. This decision responds to long-standing concerns regarding the substandard living conditions that many affected families have endured. As of now, over 700 households...

In a decisive move aimed at improving the living conditions and community standards in Eastbourne, Eastbourne Borough Council has introduced new regulatory measures for houses in multiple occupation (HMOs). This initiative follows a thorough analysis commissioned by the council, which revealed that the proliferation of HMOs has adversely affected local communities, specifically highlighting issues such as...

In November 2024, discussions surrounding the conversion of a former care home into an 11-bed House in Multiple Occupation (HMO) have sparked considerable debate within the local community in Northern Ireland. This proposal arises amidst a backdrop of historical opposition from residents and council members regarding the establishment of HMOs in residential areas. Critics argue that such changes can lead...

In November 2024, the UK property market has witnessed a notable dip in average selling prices for the second consecutive month, as reported by Rightmove. This trend, however, contrasts sharply with robust transaction activity observed compared to the same period last year. Such dynamics in the real estate landscape suggest that while asking prices may be decreasing, the overall interest and engagement in...

In light of pressing safety issues and poor housing conditions in the private rented sector (PRS), Westminster City Council is embarking on a consultation regarding a proposed new selective licensing scheme. This initiative, targeting specific areas of the city, invites input from tenants, landlords, property agents, and other stakeholders, as a means to enhance the quality and safety of rented homes...

As the rental market in Belfast continues to expand, it is essential for both landlords and tenants to understand the regulations surrounding houses of multiple occupancy (HMOs). There has been a recent call from Belfast City Council to ensure that shared rental properties are properly licensed, adhering to standards set out by local legislation. This article delves into what constitutes an HMO, the...

Deloitte's recent '2025 Commercial Real Estate Outlook Report' offers invaluable insights for industry leaders facing contemporary challenges in the commercial property market. Compiled by experts like Jeff, a partner specializing in U.S. Real Estate, and Kathy, the Global Real Estate sector leader, this report advocates for strategic, actionable methodologies to enhance the resilience and profitability of...

In Southampton, a perplexing situation has emerged with the appearance of DIY double yellow lines extending across the driveway of a house in multiple occupation (HMO) on Howard Road. This unauthorized painting has raised eyebrows among local residents, who are left questioning the legitimacy of the markings. The lines appear to mimic official parking restrictions, leading to ambiguity regarding their...