Price premium to live near top state school in England is over £180,000


Parents can end up paying a price premium of £180,000 to live near an outstanding rated state secondary school in England, a new study suggests. Less than a quarter of top state schools are in areas with house prices under the national average, according to the research from online mortgage broker Trussle. It found that […]

The post Price premium to live near top state school in England is over £180,000 appeared first on PropertyWire.



Source link

Call for change so councils can build more homes


The Local Government Association is urging Chancellor Sajid Javid to relax the financial restrictions governing Right to Buy (RTB) and allowing councils in England to keep all the receipts they get from selling council homes. Currently local authorities can only retain a third of the money with the rest going to the Treasury. It is […]

The post Call for change so councils can build more homes appeared first on PropertyWire.



Source link

Landlord groups hit out at plan from Labour Party to allow tenants to buy


Plans by the Labour Party which could see landlords in the private rented sector having to sell their properties to sitting tenants have been heavily criticised by the industry. Shadow Chancellor John McDonnell has described a radical scheme giving tenants the right to buy if the party gains power at the next general election. He […]

The post Landlord groups hit out at plan from Labour Party to allow tenants to buy appeared first on PropertyWire.



Source link

Public now able to find out what builders pay for on new housing developments


People will be able to see how every pound of property developers’ cash, levied on new buildings, is spent supporting the new homes their community needs under new rules that are now in force. Builders already have to pay up for roads, schools, GP surgeries and parkland needed when local communities expand but councils were […]

The post Public now able to find out what builders pay for on new housing developments appeared first on PropertyWire.



Source link

Scottish commercial property sales fell in second quarter of 2019, but not in Glasgow


The total value of commercial property sales in Scotland fell in the second quarter of 2019 but for the first time since 2015 the market in Glasgow outperformed, the latest sector analysis shows. Overall, at £614 million, commercial sales were the lowest in five years, the report from the Scottish Property Federation (SPF) shows, however […]

The post Scottish commercial property sales fell in second quarter of 2019, but not in Glasgow appeared first on PropertyWire.



Source link

Analysis reveals areas with top new build price premiums


The average premium of a new build home in the UK over an existing property is almost a third, but in some locations the premiums is as high at 108%, new research has found. The current average price of a new build is £290,176, compared with £224,729 for an existing home, a mark-up of 29%, […]

The post Analysis reveals areas with top new build price premiums appeared first on PropertyWire.



Source link

UK gross mortgage lending up almost 3% in July, highest since 2016


The latest industry figures show that gross mortgage lending in the UK in July was 2.9% higher than the same month in 2018 and the highest since March 2016. This totalled £26.1 billion and there were 95,126 mortgages approved by the main High Street banks in July 2019, the highest monthly total since July 2009 […]

The post UK gross mortgage lending up almost 3% in July, highest since 2016 appeared first on PropertyWire.



Source link

Annual property price growth in UK below 1% for ninth month in a row


Annual house price growth remained subdued in the UK in August, up just 0.6%, and unchanged month on month, after taking account of seasonal factors, the latest lender index shows. The flat month on month figure follows a monthly gain of just 0.3% in the previous month. The average price was £216,096, according to the […]

The post Annual property price growth in UK below 1% for ninth month in a row appeared first on PropertyWire.



Source link

Rents reach record high in UK for third month in a row


Rents in the UK’s private rented sector increased to a record high in July for a third consecutive month, the latest figures from letting agents shows. ARLA Propertymark’s July Private Rented Sector (PRS) report shows that rent prices rose to a new record high for the third consecutive month. The number of tenants facing rent […]

The post Rents reach record high in UK for third month in a row appeared first on PropertyWire.



Source link