Largest number of empty homes are in Greater London, analysis shows

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Greater London has the highest number of unoccupied properties in England with over 3.5 million, of which 22,500 are long term vacant homes, new research has found. Some 8% of these are in Southwark, 7% in Croydon, and 5% in each of the boroughs of Camden, Lewisham and Kensington and Chelsea, according to the analysis […]

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Residential property market hit again by Brexit uncertainty, says RICS

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There has been a renewed deterioration in residential property sales expectations in the UK over the near term, with Brexit uncertainty being a significant factor, the latest market survey shows. The Royal Institute of Chartered Surveyors (RICS) is predicting a further decline in activity over the three months to come in its August report, as […]

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Fixed rate deals dominate the remortgage market, latest data shows

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Fixed rate deals are dominating the residential remortgage market with 96% of those who remortgaged in July doing so with this kind of product, new figures show. Some 50% of borrowers took out a five year fixed rate product in July, the highest number recorded, up 4% month on month, according to the data from […]

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New Construction Charter will apply to developments in London

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The Mayor of London has backed a new construction charter which sets out to improve the city’s construction standards, protect workers, and outlaw poor construction practices. Sadiq Khan has made signing up to the union Unite’s Construction Charter a requirement of building projects under City Hall’s control. The Construction Charter leads the way in best […]

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Price corrections leading to an increase in buyer enquiries in London

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Across London the average price of a property is back to a level last seen at the start of 2016 as price corrections lead to a rise in buyer enquiries, new research shows. In prime central areas, prices per square foot are now comparable with five years ago while quarterly price falls are now less […]

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Rents in UK up almost 5% in second quarter of 2019

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Rising rents, a doubling of tenant applications and a shortage of housing stock continues to put pressure on the Private Rental Sector in the UK, according to the latest lettings index report. Average rents reached £774 per month in the second quarter of 2019, up 4.5% compared to the same quarter in 2018, the data […]

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Pending home sales fall again in the United States

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Pending home sales fell in July in the United States, reversing two consecutive months of gains, according to the latest index from real estate agents. All of the four major regions covered by the index from the National Association of Realtors reported a drop in contract activity, although the greatest decline was in the West. […]

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Highlands of Scotland and Aberdeenshire see property market pick up

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The residential property market in the Highlands of Scotland is seeing a boost from second home buyers while in Aberdeenshire a new road link is attracting those commuting into the city. Property sales in Inverness increased almost twofold in the second quarter of 2019 compared to the previous quarter, with buyer confidence also remaining high, […]

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£62 million announced to protect over 9,000 homes from flooding in England

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A £62 million flood fund has been announced which aims to protect over 9,000 homes in England with 13 projects receiving the help for defences and regeneration. The projects in Yorkshire, Cumbria, the North East and the South East of England will improve existing flood defences, boost economic regeneration and increase prosperity, according to Environment […]

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Report reveals cracks, marks and stains are biggest negatives when viewing

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Extensive cracks, marks and stains on walls, ceilings and floors leaves the biggest negative impression on people viewing a property, while many are also put off by shoddy bathrooms and kitchens, research has found. It is the cracks, marks and stains that tops the list of off putting issue with 76% saying these would result […]

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