demand – Property & Development Magazine https://www.padmagazine.co.uk News & Reviews for the Residential Property Sector Wed, 21 Feb 2024 07:49:45 +0000 en-GB hourly 1 https://www.padmagazine.co.uk/wp-content/uploads/2023/11/favicon-pad-150x150.jpg demand – Property & Development Magazine https://www.padmagazine.co.uk 32 32 DEMAND FOR SMALLHOLDINGS CONTINUES TO DRIVE DUMFRIES AND GALLOWAY PROPERTY MARKET https://www.padmagazine.co.uk/press-releases/demand-for-smallholdings-continues-to-drive-dumfries-and-galloway-property-market/ https://www.padmagazine.co.uk/press-releases/demand-for-smallholdings-continues-to-drive-dumfries-and-galloway-property-market/#respond Wed, 21 Feb 2024 07:49:43 +0000 https://www.padmagazine.co.uk/?p=22838 The property market in Dumfries and Galloway has continued to attract high demand from lifestyle buyers with a…]]>

The property market in Dumfries and Galloway has continued to attract high demand from lifestyle buyers with a third of all property sales last quarter (Q4, Oct – Dec) being smallholdings, reports Galbraith.

Smallholdings with land up to 50 acres continued to attract heightened demand from buyers keen to relocate to the area from the rest of the UK, with three quarters being from south of the Border and a quarter being from within Scotland. Demand outstripped supply in this market segment highlighting the draw of rural living in Dumfries and Galloway.

The team in Castle Douglas recorded a 16 per cent increase in the number of viewings conducted during the final three months of the year compared to the same quarter the previous year. Double the number of prospective buyers also registered with Galbraith in Castle Douglas over the same period, indicating a healthy appetite from buyers keen to make their next move.

David Corrie, head of residential sales for Galbraith, located in Castle Douglas, said: “It’s encouraging to witness healthy property sales and buyer activity in our final quarter of last year.  As we enter the busy Spring selling season, the market is indicating a good level of competition from lifestyle buyers who remain attracted to the area given the quality of properties available and the value for money property in the region offers compared with many other parts of the country.

“Dumfries and Galloway is a stunning part of Scotland to live with buyers being attracted to the great outdoors and beautiful coastal scenery, from The Mull of Galloway to Gretna Green and everywhere else in between. With beautiful views and numerous paths for walking, cycling and wildlife watching, as well as offering opportunities for sailing and a wide range of water sports, the region really does offer a fantastic work-life balance for families, especially with hybrid working here to stay.

“It’s no surprise that small holdings are in particularly high demand, offering a sizable portion of land to allow owners to be more sustainable and grow their own, as well as offering ample outdoor space for young kids and their four-legged friends. We have buyers registered with us and ready to make their next move so anyone thinking of selling should take advantage of the current competitive market conditions.”

Currently for sale through the Agency Team at Galbraith in Castle Douglas offering a combination of rural and coastal living:

Balgowan Farmhouse & Steading, Ardwell, Stranraer, Dumfries and Galloway, Offers Over £325,000

Balgowan Farmhouse (B-listed) and Steading sits in a slightly elevated position with uninterrupted views over the surrounding countryside, Luce Bay and the coast beyond. The striking curved architecture with conical roof to the front sets this property apart from more traditional farmhouses in the region. Balgowan Farmhouse provides a blank canvas in its current condition however, it has the potential to be a stunning country home sitting in 2.74 acres of land, surrounded by open farmland and within walking distance of the beach.

The Old Lifeboat Station, Auchencairn, Castle Douglas, Offers Over £850,000

The Old Lifeboat Station is an idyllic coastal retreat in a breathtaking location with its own slipway, direct access to the sea and panoramic views of Auchencairn Bay on the Solway Firth. The B-listed property is nestled among six acres of garden and woodland, home to an abundance of wildlife, including red squirrels. Established in 1884, the property was converted and extended by the current owners in the late 1990’s to create an award-winning four-bedroom house.

Balgowan Cottages, Ardwell, Stranraer, Dumfries and Galloway, Offers Over £450,000

1 & 2 Balgowan Cottages offer a beach retreat with uninterrupted views over Luce Bay and a small paddock. Two semi-detached properties with a shared outbuilding, ‘The Bothy’, offering potential to convert the cottages in to one property, subject to relevant planning consent. The property is surrounded by open farmland with stunning views and numerous beaches close by.

Kirkeoch, Kirkcudbright, Dumfries and Galloway, Offers Over £250,000

Former farmhouse Kirkeoch, sits west of Kirkcudbright and enjoys breathtaking views of the Dee Estuary. Kirkeoch represents an opportunity for a buyer to create a wonderful family home in a sought-after area.

]]>
https://www.padmagazine.co.uk/press-releases/demand-for-smallholdings-continues-to-drive-dumfries-and-galloway-property-market/feed/ 0
Padel and the growing demand for specialist Real Estate expertise https://www.padmagazine.co.uk/news/padel-and-the-growing-demand-for-specialist-real-estate-expertise/ https://www.padmagazine.co.uk/news/padel-and-the-growing-demand-for-specialist-real-estate-expertise/#respond Fri, 09 Feb 2024 17:23:49 +0000 https://www.padmagazine.co.uk/?p=22693 Full-service law firm responds to huge demand for dedicated, new-build Padel clubs with a specialist, multi-discipline team advising…]]>

Full-service law firm responds to huge demand for dedicated, new-build Padel clubs with a specialist, multi-discipline team advising clients throughout the UK

Full-service law firm JMW Solicitors has launched a specialist Padel team dedicated to serving up legal expertise to the many entrepreneurs in the market for building their own Padel courts and/or opening their own Padel clubs.

JMW’s legal experts in the fields of Real Estate, Intellectual Property, Corporate, Commercial, and Employment have joined together to create what the firm believes is a unique offering, and already the team is working on 37 separate projects throughout the UK.

A very particular demand arising from the ever-increasing Padel industry is the need for expert Real Estate guidance. Paul Burton, partner within the JMW Real Estate Commercial team, explained: “There are multiple issues around the growth of the sport, not least of which is the demand: there is a supply issue, whereby in the UK there are circa 300-400 operational courts, but a need for circa 6000 courts to meet that current demand – which shows every sign of growing exponentially.”

The Padel Real Estate team at JMW has vast experience with dealing with landowners including sports clubs, local authorities, farmers and commercial investors on the other side, bringing together the team’s significant development, occupier, leisure and infrastructure expertise to offer bespoke and flexible solutions to suit a wide variety of situations.

“We know exactly how to flush out the issues at day one and can offer a unique viability product to check that sites are viable prior to too much initial expenditure,” Paul added. “We are able to act fast and we understand this highly competitive market and the race to open in all locations.

“We’re streamlining the legal documentation and process whereby clients can take advantage of what is effectively a one-stop-shop for their needs, working closely with our Construction and Planning teams within our Real Estate offering, and bringing in experts in our other departments, such as our Commercial colleagues who document bespoke profit share arrangements for additional elements of Padel clubs such as food and beverage and pro shops.

“Ultimately, we are the full-service law firm at the forefront of this new leisure area, driving and helping form market standards, bearing in mind that even when deals start completing data won’t be available at the Land Registry for at least six months.”

JMW spotted the Padel opportunity last year when its Managing Partner and Padel obsessive Marc Yaffe was invited by a business colleague to play Padel at his home; following a court-side conversation he realised that the desire to develop the sport was widespread, but was not matched by the necessary legal know-how when it came to negotiating on potential sites, protecting IP and drawing up the commercial agreements necessary to monetise such business ventures.

Marc Yaffe added: “The key element of our offering isn’t just the legal expertise to be found at our firm, but our determination and desire to work together across multiple specialisms with the aim of delivering a fast, effective and specialised service to those in the fast-growing Padel sector.”

]]>
https://www.padmagazine.co.uk/news/padel-and-the-growing-demand-for-specialist-real-estate-expertise/feed/ 0
UK Property Industry Fails to Keep Pace with Demand for Energy-Efficient Homes, Reports iChoosr https://www.padmagazine.co.uk/energy-utilities/uk-property-industry-fails-to-keep-pace-with-demand-for-energy-efficient-homes-reports-ichoosr/ https://www.padmagazine.co.uk/energy-utilities/uk-property-industry-fails-to-keep-pace-with-demand-for-energy-efficient-homes-reports-ichoosr/#respond Wed, 24 Jan 2024 10:03:27 +0000 https://www.padmagazine.co.uk/?p=22471 Despite highest ever number of solar panel installations in 2023 since 2011, sites for house movers miss out…]]>

Despite highest ever number of solar panel installations in 2023 since 2011, sites for house movers miss out vital options for the expected increase in house movers in 2024

Despite a record year for green energy installations in 2023 and the expected housing market uptick due to reduced mortgage rates, prospective buyers need more support to identify eco-friendly options in decision-making.

New analysis unveiled today reveals that not one of the UK’s top 10 estate agent sites or leading property aggregator sites, such as Rightmove and Zoopla, include options to filter by energy efficiency when searching for a new home, according to new analysis by iChoosr, an organisation accelerating the transition to renewable energy.

Given the sharp rise in energy bills over the past two years, many home-seekers have increased interest in their energy consumption and are looking for ways to be more energy efficient. iChoosr’s recommendations for these additions to property sites come as the latest figures show 190,000 UK homes installed solar panels last year – the highest number of installations since 20111 and the company is keen to see more support for prospective buyers going forward.

Recent data also reveals that 69% of British adults say they would buy a property with solar panels, rising to 74% of Gen Z and Millennials2. In fact, three in five UK homebuyers would be willing to pay more for a property with renewable energy sources3.

George Frost, UK Country Manager at iChoosr, says: “The spike in solar panel adoption in 2023 was driven, in part, by the cost of living crisis and rising energy bills. But there has also been a significant mindset shift on installing renewable energy sources by UK homeowners and home-seekers. There is now a near-on consensus across the UK that we are knee-deep in a climate emergency, demonstrating the urgent need for the transition towards renewable energy.”

“Homeowners are more likely than ever to invest in effective and sustainable solutions to improve their home now. Schemes like Solar Together make solar panels affordable and accessible for anyone to reap their environmental and financial benefits. It feels as though estate agents and property search sites are missing a trick by not reflecting homebuyers’ enthusiasm to adopt modern green energy sources. It would be great to see estate agents take heed and add green energy sources like solar panels and heat pumps as a criterion on their websites to help homebuyers navigate the different energy options available.”

Not only do solar panels help reduce residents’ energy usage, but investing in solar panels can increase a property’s value by up to £2,722, future-proofing it for the market and making it more appealing to buyers who are seeking a sustainable home4. Plus, adding a supporting solar battery allows residents to store the electricity produced, maximising utilisation and reducing carbon footprints by up to 15%. On average, those with a three-bedroom property with a solar panel system and a 5 kWh battery will save £669 per year on energy bills5.

iChoosr partners with local authorities to deliver the highly successful Solar Together programme across the UK. Solar Together has delivered more than 29,300 solar panel installations, which are expected to remove 600,000 tonnes of carbon emissions over the next 25 years.

]]>
https://www.padmagazine.co.uk/energy-utilities/uk-property-industry-fails-to-keep-pace-with-demand-for-energy-efficient-homes-reports-ichoosr/feed/ 0
UNPRECENDENTED DEMAND FOR POCKLINGTON HOMES SEES BELLWAY SELL-OUT DEVELOPMENT https://www.padmagazine.co.uk/press-releases/unprecendented-demand-for-pocklington-homes-sees-bellway-sell-out-development/ https://www.padmagazine.co.uk/press-releases/unprecendented-demand-for-pocklington-homes-sees-bellway-sell-out-development/#respond Mon, 22 Jan 2024 11:36:08 +0000 https://www.padmagazine.co.uk/?p=22421 The Yorkshire division of national homebuilder, Bellway Homes has welcomed in 2024 by putting up the sold out…]]>

The Yorkshire division of national homebuilder, Bellway Homes has welcomed in 2024 by putting up the sold out signs at one of its most popular developments in Yorkshire

Ambler’s Grange on Pocklington’s Yapham Road had been a strong favourite with home buyers since it was launched in late 2020; with its idyllic rural location at the foot of the Yorkshire Wolds, and exclusive mix of two, three, four, and five bedroom homes combining to keep interest levels high from first release through to final sale.

Paula Murdoch, Bellway’s sales manager, said: “With some new sites you get a feeling just how popular they’ll be, long before the first brick is laid, and Ambler’s Grange was one of these.”

“Pocklington ticked so many boxes for so many people – a market town in the East Riding of Yorkshire, but in close proximity and with easy access to many of the region’s big towns and cities; with the A1M only a short drive away, and York and Hull city centres only a short distance away.”

“On top of that, Ambler’s was perfectly planned to deliver the kind of homes and location people buying in Pocklington wanted – i.e. larger family homes in a small, community focused development, with a range of excellent schools within a mile.”

“With the sold-out signs now up, and all homes soon to be occupied, it really is great to see we’ve achieved our aims of building a new community.”

For those who missed out at Ambler’s Grange, Bellway’s Yorkshire division is currently building a number of other nearby locations, including Wolds View, near Driffield, where a similarly exclusive development featuring a range of two, three and four bedroom homes is proving extremely popular.

Prices on Wolds View currently range from £164,995for a two-bedroom, semi-detached Milton to £314,995for a four-bedroom detached Acacia.

“We’re finding the new home market to be particularly buoyant at the moment – something I feel can be attributed to the careful planning of our developments, which means what we’re building in different areas is exactly what those buying in them are looking for,” added Paula.

To find out more about Bellway’s developments across Yorkshire visit www.bellway.co.uk.

]]>
https://www.padmagazine.co.uk/press-releases/unprecendented-demand-for-pocklington-homes-sees-bellway-sell-out-development/feed/ 0