Despite having the backing of the Government, the number of retail to residential conversions have fallen by 17% in the last year in England, new figures suggest. Shop conversions are stubbornly low despite retail industry struggles and there are reports of some councils starting to restrict conversions, according to a new report from private wealth […]
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There are 107 high rise residential and publicly owned buildings in England that have completed remediation works to remove and replace Aluminium Composite Material (ACM) cladding systems, the latest data shows. The work has become compulsory since new regulations were brought in following the inquiry into the Grenfell Tower fire in London in which 72 […]
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The Government has announced over £600 million in new funding to support the building of 50,000 new homes in England. Chancellor Sajid Javid said that the fund will ensure the necessary infrastructure is in place to unlock housing in high demand areas. The finance will be made available through the Housing Infrastructure Fund (HIF), originally […]
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The price of property coming to the market fell by 1% in August, but this was a better performance than usual for the summer month, according to the latest index figures. It means that the average asking price of £305,500 is now just 1.2% above a year ago, the figures from property portal Rightmove show, […]
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There was a rise of 8.3% in remortgaging in the UK in June 2019, with some 16,880 new mortgages completed in this sector of the lending market, the latest industry figures show. The data from UK Finance also shows that there were 32,760 new first time buyer mortgages completed in June 2019, down 1.5% fewer […]
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Mounting economic headwinds are contributing to slower prime property price growth in key cities around the world and leading policymakers in developed and emerging markets alike to cut interest rates. The latest prime global index from Knight Frank shows that residential prices across 46 cities increased by 1.4% in the year to June 2019, up […]
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Rents in the private rented sector in the UK increased by 1.3% in the 12 months to July 2019, unchanged since May 2019, the latest official figures show. In England rents increased by 1.4%, in Wales by 1%, in Northern Ireland by 2.1% and in Scotland they were up by 0.9%, according to the data […]
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While on the face of it, it should be obvious that the highest average rental cost is found in the nation’s major cities, but new research suggests that it not always the case. Those with a population above 500,000 people have an average rent of £865 but this ranges from £530 and £1,727, but towns […]
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Residential property prices increased by 2% in Ireland in the year to June 2019, down marginally from the 2.6% recorded in May, official data shows. But the rate of annual growth is now well below the increase of 11.9% in the 12 months to June 2018, the figures published by the Central Statistics Office (CSO). […]
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Letting agents in England are expecting a loss in annual revenue following the ban on tenant fees, with most forecasting a fall of up to 30%, a new survey shows. The state of the industry survey from property technology platform Goodlord found that 90% of letting agents believe there will be a financial impact on […]
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