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Over 170,000 new homes were built for the year ending June 2019, taking the number to an 11 year high, the latest official figures show. The newly published data from the Ministry of Housing, Communities and Local Government (MHCLG) shows that a total of 173,660 new homes were built during the 12 month period, an […]
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There are signs that the property market in England and Wales, excluding London, is picking up with average monthly prices up 2.8% in August to £269,685, the latest analysis report shows. However, annual price growth remains almost static at 1.1%, the weakest performance since 2012, and annual transactions increased by just 0.7% to 795,437 and […]
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The majority of financial advisers, some 61%, believe that equity release will be regarded as a mainstream part of housing market finance within the next decade. There is still a lot of misunderstanding about equity release, however, with a new study from LV= finding that 55% of consumers are worried about how it will impact […]
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The key to finding an affordable first home is buying around 30 minutes away from your preferred location, new research suggests. First time buyers often have to compromise due to high costs and two thirds are willing to consider properties not in their ideal location, according to the study from the Post Office. It also […]
The post Study finds moving away from ideal location can make first home more affordable appeared first on PropertyWire.
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A Private Rented Sector interactive learning toolkit for local authorities to help them take action against rogue landlords and letting agents has been produced. It includes a learning module and a knowledge bank of technical questions and answers and is designed to complement recently refreshed guidance from the Ministry of Housing, Communities and Local Government […]
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Property prices in England are set to dip over the next three months but rise in Scotland, Wales and Northern Ireland while overall the housing market is expected to continue to show resilience in the face of political and economic uncertainty. There are likely to be small monthly falls over September, October and November in […]
The post Prices set to fall in England but rise in rest of UK over next three months appeared first on PropertyWire.
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Average rents in London jumped by 8% between August and September, taking the average rents in the capital from £1,684 to £1,829 per month, the latest lettings index shows. Rents also increased by 8% in the West Midlands to 779 and by 12% in the South East to £1,187while elsewhere there was a more mixed […]
The post Average rents rising in most of England as void periods fall appeared first on PropertyWire.
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Nearly two thirds of British developers say they are set to invest more in the North of England by 2021, driven by the Northern Powerhouse initiative. Residential houses and flats seen as offering the biggest opportunities but shortage of suitable sites and access to finance are leading obstacles, according to a study by Together. Overall, […]
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Despite a backdrop of intensifying political and economic uncertainty, the prime central London residential market had bottomed out, with prices down just 0.3% in the three months to the end of September. That was the smallest quarterly adjustment for the past four years but continued uncertainty is holding back a bounce in the market, according […]
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New build homes can be unattractive, devoid of character and inconveniently located, according to a study of prospective buyers and property investors. The survey from FJP Investment found that 50% feel new builds are typically unattractive, 63% consider them to be lacking in character, while 67% believe too many new builds are unaffordable, aimed at […]
The post UK buyers deterred from buying characterless new builds appeared first on PropertyWire.
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