Restrictions to curb the spread of coronavirus has driven stress, anxiety and depression are far in excess of levels usually seen in the UK, research from the University of Nottingham shows. In the early stages of lockdown 57% of those who took part reported symptoms of anxiety, with 64% recording common signs of depression. Office […]
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The Prudential Regulation Authority, part of the Bank of England, has warned buy-to-let lenders to take into account the reduction in mortgage interest tax relief when assessing applications. The phasing out of the tax relief was completed in April this year, which reduces the profitability for higher rate taxpayers. The authority said: “The PRA expects […]
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Surging activity has seen house prices rise by 6.5% in November, the highest rate of growth since January 2015, Nationwide’s House Price Index has revealed. This represents a rise from 5.8% in October. On a monthly basis prices have risen by 0.9% to £229,721 in November, a faster increase than the month before (0.8%). Miles […]
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It’s hardest to get on the property ladder in Switzerland, where the average property price amounts to £501,000 and the typical age of a first-time buyer is 48, research from Rentround shows. China is in second place, followed by Japan, France and Kenya. The UK is the sixth hardest, where the typical age of first-time […]
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Property firms have written to the Prime Minister and government, urging them to support tenants by appointing a Minister for Renting. Build-to-rent portal Love to Rent wrote the letter, which was co-signed by developers Folio London and Arcadia, as well as property management firm Hera Property. The letter called for Boris Johnson to make the […]
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Kelly Canterford is a member of Freehold, a ‘free to join’ support network for real estate professionals who identify LGBT+ The focus of many industries is currently solely on implementing strategies and policies that make it possible for business to continue as usual despite a global pandemic and the resulting lockdowns and government regulations. For […]
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The number of tenants seeing rents increase fell for the second month in a row, the ARLA Propertymark October Private Rented Sector report has revealed. Only a third (37%) of agents saw landlords increasing rent in October, compared to 40% in September and 48% August. This is 13% lower than in October 2019, when the […]
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UK lenders approved 97,532 mortgages in October, the most since September 2007, the Bank of England’s Money and Credit data shows. The housing market has gotten busier, as there were 92,091 given the green light in September, compared to 85,704 in August. Before the pandemic the were 73,384 mortgages approved in February, before the amount […]
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Guildford has been named the best place in the country for city dwellers to relocate to by Compare My Move, a firm which connects people with removal companies. This is based on the average house price, median salary, download speed and the annual average hours of sunlight. The town is a 35-minute train ride from […]
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Confidence in the housing market has cooled, though more people still think house prices are rising than falling, Halifax’s House Price Sentiment Tracker for November has found. Some 14% of people said they think their home has become more valuable, compared with 17% in September and October. Halifax’s house price sentiment tracker fell from 52.4 […]
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