Brighton and Hove City Council is lobbying the government to become one of the first local authorities in England to trial a national registration and licensing system for short-term rental properties. Current estimates suggest between 2,000 and 6,000 homes in the city are advertised as short-term lets. The post Brighton seeks pilot status for short-let licensing scheme appeared first on PropertyWire.

The price gap between a typical first-time buyer home and a middle-market second-stepper home is the highest it’s ever been, analysis from Rightmove shows. The average asking price for a 0-2 bedroom home was £226,955 in March. The trade up to a middle-market, typical 3-4 bedroom second-stepper home would be a 52% jump to £345,857. Colleen Babcock, Rightmove’s property expert, said: “The […] The post Highest ever price gap between first-time buyers and second-steppers appeared first on PropertyWire.

Mortgage Advice Bureau has reported a 19.6% revenue increase as average two-year fixed mortgage rates climb from 4.83% to 5.28% in two weeks. The rate increases, linked to Middle East tensions, have eliminated all sub-4% mortgage deals from the UK market. The post Mortgage rates climb as sub-4% deals disappear from market appeared first on PropertyWire.

An 18-year-old job applicant was rejected from a trainee lettings position at Haart's Nottingham branch because her car failed to meet the company's vehicle age requirements. The agency requires staff vehicles to be less than 10 years old, but is now reviewing the policy following the incident. The post Estate agency’s car policy blocks trainee applicant appeared first on PropertyWire.

The plans include 695 co-living homes, affordable housing and a new NHS health centre, as part of the south London Elephant Park regen scheme. The post HUB gains consent for mixed-use Elephant and Castle scheme appeared first on Property Week.

Chief executive Verender Badial says it is "able to unlock value in assets where others see risk and uncertainty". The post ME Asset Management launches platform targeting assets affected by building safety challenges appeared first on Property Week.

His appointment comes at a time when the firm has been streamlining in its offering for clients. The post Colliers appoints Dobson to launch portfolio and regional capital markets platform appeared first on Property Week.

It acquired Hanover Buildings from Oval Real Estate for £23.4m. The post Lothian Pension Fund snaps up Edinburgh Premier-Inn anchored asset appeared first on Property Week.

Reeves announced that regional mayors will be given the power to retain and spend tax receipts, plus plans to invest £2.5bn on new technologies including artificial intelligence (AI). The post Chancellor sets out big UK devolution and AI plans in Mais lecture appeared first on Property Week.

The company aims to become one of the nation’s leading large brownfield developers. The post Oval recruits former Homes England CEO Denton to spur growth plans appeared first on Property Week.