According to analysis conducted by Savills, there are now 702,580 homes valued at £1mn or above in Britain, representing a 34% increase in the last five years.
The financial burden on UK landlords is heavier than ever, with property maintenance costs soaring by 26.24% since 2022, according to new research from Towergate Direct.
Despite improving market conditions, buyers remain constrained by affordability restrictions and are seeking various ways to reduce the cost of climbing the property ladder.
Duncan Kreeger, CEO of TAB looks ahead and explores the challenges and opportunities lenders and investors are likely to face across the bridging sector this year.
Aldermore's latest research on buy-to-let investment in UK cities also revealed that, despite its high rental prices, London saw a sharp decline in its ranking among the best cities...