A Private Rented Sector interactive learning toolkit for local authorities to help them take action against rogue landlords and letting agents has been produced. It includes a learning module and a knowledge bank of technical questions and answers and is designed to complement recently refreshed guidance from the Ministry of Housing, Communities and Local Government […]
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Property prices in England are set to dip over the next three months but rise in Scotland, Wales and Northern Ireland while overall the housing market is expected to continue to show resilience in the face of political and economic uncertainty. There are likely to be small monthly falls over September, October and November in […]
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Average rents in London jumped by 8% between August and September, taking the average rents in the capital from £1,684 to £1,829 per month, the latest lettings index shows. Rents also increased by 8% in the West Midlands to 779 and by 12% in the South East to £1,187while elsewhere there was a more mixed […]
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Nearly two thirds of British developers say they are set to invest more in the North of England by 2021, driven by the Northern Powerhouse initiative. Residential houses and flats seen as offering the biggest opportunities but shortage of suitable sites and access to finance are leading obstacles, according to a study by Together. Overall, […]
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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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