Property News of the Week

Welcome to your New Year’s property news roundup. Here are the top property stories from across the web to keep you up to date and informed.

Like what we publish or have a story for us? Feel free to get involved in the comment section below.

And just a short note before we get stuck in, everyone at Property with Potential wishes you a very Happy New Year.

Buyers return to the Caribbean

Hurricanes and trade wars may have been putting buyers off in the last couple of years but according to FT.com, developers are now returning the Caribbean market and building with gusto.

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According to STR, data analysts in global hospitality, there are currently 61 hotel projects under construction in the region, with 39 in planning and 37 in final planning. This compares with September 2010 figures of 27, 8 and 10, respectively. There is also a growing number of developers that are investing in residential properties such as suites and villas.

You can read more here.

Boris win boosts London property deals

There’s been a celebration amongst property investors and developers who have gone on a spending spree of London properties after Boris Johnson gained keys to number 10.

Investors have been said to have purchased or agreed to purchase more than £1 billion in office buildings since the December 12th elections.

There was also an unnamed family bought a central London townhouse on Friday for £65m in the confidence that Boris Johnson had secured a landslide general election victory. This is said to be one of the most expensive ever transacted on the UK residential property market, with the buyers delaying signing off on the luxury home until a Tory majority was assured.

What’s next for property prices in 2020?

Brexit uncertainty plus all the political upheaval have played havoc on house prices. But The Sun have spoken to experts in the field to find out what is to come in 2020 when it comes to property prices.

First-time buyers aren’t in for an easy time, having had a good 2019, with low prices and interest rates, the good fortune isn’t expected to continue into 2020. Affordability is predicted to squeeze those trying to get on the property ladder if house prices and interest rates rise.

They also predict that more homeowners will choose to improve instead of moving thanks to the changes in regulation earlier this year. New regulations mean homeowners can now build a single-storey extension without planning permission.

Read more predictions here.

Property of the Week — a luxury Nottinghamshire mansion

The ultimate in luxury is something we all desire right? Well, check out this property in Nottinghamshire which has been the most viewed property on Rightmove in 2019.

And it’s easy to see why it received over 2,500 page views. The £2 million mansion in Bramcote property comes complete with a cinema room and pool complex for a start.

However, there is a snag, it’s not yet finished. It is on the market with local estate agent, Robert Ellis in Beeston, the newly designed and built house is being created by William May Developments.

Paul Merritt, director at Robert Ellis, said: “This is a new build property and is only at basement level so far, but the images of how it will look by the end of next year have certainly created interest.

There will be six bedrooms, a feature entrance hallway with a galleried landing looking over an open-living space that includes a living room, dining room and kitchen.

Glass screens will lead through to two or three further reception rooms including a further lounge and a games room. But my favourite has to be as well as the usual utility room and cloakroom/WC there will even be a room specifically for your pet.

There is also a whole leisure suite included, the basement is to be the home of a sauna, swimming pool, jacuzzi with changing room, and a cinema room.

Yours for just £2,000,000 — there’s still time to win the lotto before it’s built!