A pioneering draft guidance for the measurement of land has been published, which if accepted will have far reaching implications for development surveyors, planners and architects across the world. The document from the Royal Institution for Chartered Surveyors (RICS), which acts worldwide to regulate the property profession in the public interest, provides clear definitions for […]
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The number of new property listings across 100 major towns and cities in the UK fell by 3.3% in July, according to the latest property supply index. The start of the traditional summer slowdown of the UK property market was evident in the latest figures, as new property listings declined from their early summer peak, […]
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Rents in London are rising due to a squeeze on the private rental market that has dramatically reduced the supply of homes, according to a new analysis, bit it says rent controls are not the answer. There were just 18,700 newly advertised properties to let in Greater London last month, compared to 28,800 in June […]
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House prices falls in key cities in Australia have stabilised but values are down considerably compared to where they were a year ago, the latest national index data shows. Five of the eight capital cities covered by the CoreLogic index record a price rise month on month with Sydney, Melbourne and Brisbane all up 0.2% […]
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A scarcity of lettings stock is supporting rental growth in the prime property market in London, but high levels of renewals resulted in fewer new lets in the second quarter of 2019. The LonRes prime London lettings index recorded a 2.3% rise in achieved rents in central London, a 1.4% increase in prime fringe, and […]
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Homes are selling fastest in Scotland with the nation replacing London as the fastest place for a seller to find a buyer for their home, new figures show. In 2014, it took 36 days in London on average to secure a buyer, but this rose to 60 days by last year while in Scotland the […]
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Landlords are being warned that new guidance from the Government on its Right to Rent scheme could lead to them breaking the law if they followed it. The document says that for nationals from Australia, Canada, Hong Kong, Japan, Singapore, South Korea and the United States, planning on staying in the UK for up to […]
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The number of tenants in the UK’s private rented sector experiencing rent rises increased to the highest figure on record in June, the latest figures from the lettings agent industry show. Some 55% of agents who are members of the Association of Residential Letting Agents (ARLA) reported landlords increasing rents, up 22% compared with May […]
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The majority of interest only borrowers hoping for a retirement interest only (RI0) loan to rescue them at the end of their mortgage term face disappointment, it is suggested. This is because they haven’t saved enough into their pension and so would struggle to meet the ongoing repayments in retirement, according to mutual life, pensions […]
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Home sellers are achieving 96% of asking price in some areas in England and Wales with research looking at postcodes revealing which locations receive more than the price advertised. Overall, across England and Wales, sellers are currently securing an average of 95.94% of asking price on their property, with just 0.8% of postcodes achieving the […]
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