Saudi Arabia launches freehold map for foreign investors
Saudi Arabia has introduced a digital freehold map identifying geographic areas where foreign nationals may purchase property, marking a significant development in the Kingdom’s real estate market liberalisation. The official…
Knight Frank enters redundancy consultation process
Knight Frank has initiated a redundancy consultation affecting less than 3% of its UK workforce, despite posting a 6.3% increase in annual revenues. The agency confirmed the consultation is underway…
Kent letting agent fined £15,000 for client money breach
A Kent-based letting agency has paid a £15,000 civil penalty after operating without required client money protection, highlighting ongoing enforcement of regulations designed to safeguard landlord and tenant funds. Homelet…
Gen Z buyers prioritise price over location in property search
Younger property buyers are increasingly willing to compromise on location to achieve homeownership, with one in five Gen Z purchasers prepared to move more than 25 miles from their preferred…
£2.95m bridging loan funds Liverpool apartment development
District & County Investments has provided a £2.95m net bridging facility to support a brownfield regeneration project in Liverpool city centre, which will deliver more than 150 apartments upon completion.…
Proptech firm launches service to speed property sales
Proptech company iamproperty has introduced a new service designed to accelerate property transactions by preparing documentation earlier in the sales process, ahead of anticipated government reforms to homebuying procedures. The…
Estate agents shift focus to buyers as market rebalances
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Government proposes First Time Buyer ISA to replace Lifetime ISA
The government has published consultation proposals to replace the Lifetime ISA with a new First Time Buyer ISA, removing the retirement savings component and withdrawal penalties that have attracted criticism…
Student HMO landlords sell 2,000 beds amid regulatory shift
Landlords have disposed of at least 2,000 student HMO beds across Britain over the past year, responding to the Renters’ Rights Act and increased regulatory requirements, according to data from…
Strutt & Parker creates role for prime city markets
Strutt & Parker has created a new senior position focused on prime residential markets in England’s cathedral and university cities, appointing Louise Glanville as its first Head of National Town…