Despite a backdrop of intensifying political and economic uncertainty, the prime central London residential market had bottomed out, with prices down just 0.3% in the three months to the end of September. That was the smallest quarterly adjustment for the past four years but continued uncertainty is holding back a bounce in the market, according […]
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New build homes can be unattractive, devoid of character and inconveniently located, according to a study of prospective buyers and property investors. The survey from FJP Investment found that 50% feel new builds are typically unattractive, 63% consider them to be lacking in character, while 67% believe too many new builds are unaffordable, aimed at […]
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Annual house price growth fell to just 0.2% in the UK in September and fell by 0.2% month on month, taking the average value to £215,532, the latest lender index shows. The data from the Nationwide also shows that annual price declines persist in London and the South East on a quarterly basis while Northern […]
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A new green standard for new build homes will bring an environmental revolution to home building in the UK, it has been announced. Homes, both new and existing, account for 20% of greenhouse gas emissions in the UK and reducing carbon emissions from new homes is essential to meeting the Government’s net zero emissions target. […]
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The number of mortgage approvals for house purchase fell to 65,500 in August, down from the 18 month high of 67,000 in July, the latest Bank of England money and credit figures show. But they remained within the narrow range seen in recent years. However, net mortgage borrowing by households weakened to £3.9 billion in […]
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Letting agencies can help to raise tenant awareness about those breaking the law in the private rented sector by demonstrating their own compliance, it is suggested. Spreading the word about industry rules and being seen to honour them will help raise industry standards, according to lettings payment automation provider PayProp. It also says that if […]
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The private rented sector (PRS) could shrink by 20% if Section 21 ‘no-fault’ evictions are abolished, according to a new economic analysis report. The report by Capital Economics on behalf of the National Landlords Association (NLA), also forecasts a 595 reduction in housing available to tenants on housing benefit or Universal Credit, and a potential […]
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Over half, some 57% of all landlords are most likely to source their next mortgage using the same broker, new research has found. Some 59% of portfolio landlords and 50% of non-portfolio landlords said that they are likely to stick with their current broker while 41% will go straight to a lender for their next […]
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Property owners are to be given the chance to make their properties bigger by up to two storeys in a bid to make planning laws less bureaucratic and outdated, while more money is to be committed to infrastructure, it has been announced. Secretary of State for Housing Robert Jenrick has unveiled a package of measures […]
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