The target of building 300,000 new homes a year in England by the mid 2020s is getting closer with more properties being built than in every year apart from one over the last three decades, the industry has been told. Housing Minister Esther McVey told the annual RESI Conventions, the conference for property developers, investors, […]
The post Housing Minister says 300,000 new homes target is reachable appeared first on PropertyWire.
The UK tech sector is expanding 2.6 times faster than the wider UK economy according to TechNation, delivering £130 billion in revenue for the country. At a time when London is continuing to see declines, this thriving technology sector has helped elevate regional cities and commuter towns to new heights. A major benefactor of this […]
The post How thriving UK tech has transformed Slough investment appeared first on PropertyWire.
A new report on the state of the private rented sector reinforces the need for Government, landlords and letting agents to take stock if they want the future to be bright and startling figures reveal the extent of bad practice among letting agents. Parts of the analysis from Kent Reliance, part of One Savings Bank […]
The post Bad practice still being uncovered in PRS appeared first on PropertyWire.
Disused historic building in towns and cities in England could be transformed into homes as part of a Government plan to revitalise 69 High Streets. Some £95 million is being made available, the biggest ever single investment by Government in the UK’s built heritage with the aim of helping traditional businesses to adapt to compete […]
The post Disused historic buildings could become homes under new funding initiative appeared first on PropertyWire.
London Trading Standards (LTS) has issued a stark warning to tenants to make sure they understand their rights or risk being ripped off by rogue letting agents after issuing over a million pounds in fines. LTS released figures showing that letting agents were fined over £1.2million for breaking the law, either for not displaying fees […]
The post Trading Standards issue over £1 million in fines to letting agents in London appeared first on PropertyWire.
The average price of property coming to market fell by 0.2% in September, the first price decline recorded at this time of year since 2010, the latest residential index shows. September is usually the start of an autumn bounce in housing market activity but uncertainty is causing some to hesitate and this is expected to […]
The post Asking prices fall at the start of autumn for first time since 2010 appeared first on PropertyWire.
The average rent of a newly let property in Britain rose to £998 per calendar month in August, some 2.3% higher than the same time last year, according to the latest lettings sector index. Two regions, the South East and South West recorded strong annual rental growth of 5.6% to £1,112 and 5.5% to £852 […]
The post Average rents in Britain up 2.3% in 12 months to August 2019 appeared first on PropertyWire.
Government intervention and Brexit uncertainty has subdued the growth of the private rented sector (PRS) in Britain which has expanded by just 0.2% a year with 5.4 million properties, according to a new analysis. But the value of the PRS continues to increase, although stuttering house price growth means the sector has added £6 billion […]
The post Government intervention and Brexit slowing expansion of private rented sector appeared first on PropertyWire.
Councils across England are set to benefit from a slice of nearly £2 million to crack down on illegal developments, including on Green Belt land. The move is part of the Housing Minister’s drive to protect the Green Belt for future generations and local authorities will be able to use the money to hire enforcement […]
The post Cash boost to crackdown on illegal building on Green Belt in England appeared first on PropertyWire.
The average rent in the UK reached an all-time high of £970 in August, up by 2.4% on the same time last year, according to the latest lettings index. When London is excluded, the average rent in the UK is £802, this up by 2% year on year while in the capital rents increased by […]
The post Average UK rents reached an all-time high in August, latest index shows appeared first on PropertyWire.