Sales in the prime central London market increased by 4% in the second quarter of 2019 compared with the first three months of the year and are set to keep rising in the next 18 months, according to the latest analysis. The number of properties being marketed also increased, up 3%, and despite prices falling […]
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Some of the improvement seen in near term expectations for property sales and prices have partially reversed, with the outlook for prices turning negative again, according to the latest residential survey Buyer enquiries increase marginally for the second consecutive month in July although sales remained flat, says the residential market survey from the Royal Institution […]
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Up to half of older home owners are using equity release to repay debt as they struggle to meet payments, a new analysis has found. The study by independent equity release advisor Key, using customer data, suggests that 30% of people are using equity release to repay unsecured debt while 20% are using it to […]
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Intermediary mortgage advisors are seeing an increase in new mortgage introductions from customers looking or interest only loans. They say that interest only mortgages comprised 20% of new business introduced in the second quarter of 2019, down from a peak of 28% in the second quarter of 2007 but significantly higher than 15% recorded five […]
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Annual growth in house prices in England and Wales will reach 3.1% in September and 2.8% in October, the highest level seen since November 2018, according to the latest forecast. The boost will be due to buyers racing to complete deals before the Brexit deadline of 31 October, according to the forecast from reallymoving. Overall, […]
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Rents in the private rented sector in the UK fell month on month in over 50% of the country in July with the biggest drop in the West Midlands, according to the latest index. Overall average rents dropped in five of the eight UK regions monitored by property technology company Goodlord with a 1.11% fall […]
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On a monthly basis, house prices fell in the UK by 0.2% in July and by 0.4% quarter on quarter, according to data from the latest lender index, taking the average to £236,120. It means that prices are still 4.1% above where they were in July 2018, but this comes against a backdrop of low […]
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Builders are calling for the introduction of domestic reverse charge VAT due to come into force on 01 October to be delayed until April 2020. Reverse charge VAT means that the customer receiving the service will have to pay the VAT to HMRC instead of paying the supplier. The reverse charge applies through the supply […]
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The Association of Residential Letting Agents is reminding the private rented sector in Wales that it is now less than four weeks until tenant fees are banned. David Cox, ARLA chief executive, said that it is essential that agents get to grips with this legislation, understand the impact it will have on their business, and […]
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England’s building safety regulations lag behind other countries, including Scotland and Wales, and reforms proposed by the Government need to be reformed, according to architects. In its response to the Government’s Building a Safer Future report issues in response to the deadly Grenfell Tower fire, the Royal Institute of British Architects (RIBA) tells ministers England […]
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