Estate and letting Agents in the UK are being urged to check that they are signed up with an approved redress scheme that covers the full remit of their work after a recent tribunal ruling. In one of the first decisions of its kind, the Upper Tribunal upheld a fine of £3,000 against the business […]
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Rents in the prime property market in London are unlikely to decline by any meaning full amount in the short term, according to the latest analysis of the sector. The supply of lettings property has begun to increase in higher price brackets in prime central London, putting downwards pressure on average rental values, which fell […]
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Far reaching changes are needed in the property market in the UK including stronger licencing, a new code of practice, higher qualification standards and a new independent regulator, according to a new report. The Regulation of Property Agents Working Group, set up by Government, says that taking account of devolutionary matters, a new proposed regulatory […]
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The average rent in cities that have seen extensive regeneration has increased by 21% in the last five years, compared to just 16% across England as a whole, new research shows. The biggest boost of the 12 cities examined was in Manchester with a 38% rise in rents since 2014. The report from letting platform […]
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Sales in the prime property markets in London increased year on year in the second quarter of 2019, boosted by a rise in transactions in the £10 million plus market which reached a four year high. The latest real estate market analysis from Knight Frank also shows that on a quarterly and monthly basis the […]
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Estate agents across the UK are currently charging an average fee of 1.2% which equates to a fee of £3,846 on the average house price, according to new research. The highest percentage fees per postcode area was in East Ayrshire in Scotland where agents in the KA15 postcode are charging 2.9% to sell a home. […]
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The number of homes bought through the Government’s flagship Help to Buy scheme increased by 9% in the 12 months to March 2019 with the figures also rising for first time buyers. The data published by the Ministry of Housing, Communities and Local Government (MHCLG) show that 52,404 home sales were completed under the scheme […]
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The new Secretary of State for Housing, Communities and Local Government has been told that further tinkering with the planning system in England will not lead to faster delivery of affordable homes. In a letter to Robert Jenrick, welcoming him to the post, the Royal Town Planning Institute (RTPI) suggests that his top priority is […]
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The new Secretary of State for Housing, Communities and Local Government has been told that further tinkering with the planning system in England will not lead to faster delivery of affordable homes. In a letter to Robert Jenrick, welcoming him to the post, the Royal Town Planning Institute (RTPI) suggests that his top priority is […]
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Without being political, the Mayor of London has been active when it comes to housing, having pushed through more funding for new homes and introducing a public database to ‘name and shame’ rogue landlords and letting agents. But he may have gone too far. While his latest plans to reform the lettings sector in the […]
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