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Average rent in Great Britain up by more than a quarter since start of Covid

Rise due to shortage of properties has been worsened by soaring interest rates, Savills finds Average private rents in Great Britain have soared by more than a quarter since the start of the Covid pandemic and will keep rising, according to an analysis. You can read the full article here. You can read the Turkish translation of this article in full at this...

House prices see biggest monthly rise for more than a year

House prices had the biggest monthly rise in October for more than a year, according to the Nationwide. However, they were still down sharply on a year ago, the UK's biggest building society said. You can read the full article here. You can read the Turkish translation of this article in full at this...

Mega 30-storey block of flats with children’s play area approved for Leeds

Plans to build a 30-storey block of flats near Leeds city centre, complete with a children’s play area and a gym, have been approved. Developers City Life Holdings will construct the block, which will include 345 apartments, on Springwell Road in Holbeck. You can read the full article here. You can read the Turkish translation of this article in full at this...

Leeds in top 10 most desirable cities to live in the UK based on Google searches

Leeds has been ranked in the top 10 most desirable cities to live in the UK, a new study has found.  According to the home insurance website Comparethemarket, the city is one of the most sought-after locations on Google by people looking to relocate. You can read the full article here. You can read the Turkish translation of this article in full at this...

Bank of England reverses from ‘catastrophic’ scenario

Bank of England Governor Andrew Bailey is expected to make 'u-turn' statements next week following his 'grossly exaggerated' forecasts for the UK economy's 2023 outlook. The Bank of England will publish its latest quarterly Monetary Policy Report on Thursday, setting out the projections used by interest rate policymakers to set interest rates. Bailey had warned in November that the country was at the...

Bank of England boss Andrew Bailey set to stage U-turn

Andrew Bailey will stage a humiliating U-turn next week as he is expected to row back on 'grossly exaggerated' forecasts about the UK's looming recession. You can read the full article here. You can read the Turkish translation of this article in full at this...

Vodafone agrees sale and partial leaseback of UK HQ amid downsizing

The campus, which spans seven buildings in Newbury, Berkshire, has been acquired by IQON Capital on behalf of Saudi investor Aljazira Capital for an undisclosed fee, with Oval Real Estate acting as asset and development manager for the site. You can read the full article here. You can read the Turkish translation of this article in full at this...

Knight Frank predicts record year for BTR

The property consultacy reported that £1.435bn was put into BTR during the period. The last time the sector recorded investment above this level was in Q3 2020, when it reached almost £1.9bn. You can read the full article here. You can read the Turkish translation of this article in full at this...

Landlords forced to raise rent as mortgage rates rise

Superscript, the landlord insurance provider, conducted a survey of around 600 UK residential landlords. Half of all respondents said they have already increased rents on their leased properties, with another 40% saying they have yet to increase rent but intend to do so if the Bank of England raises interest rates further. You can read the full article here. You can read the Turkish...

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