Emergencies such as flood, fires and pests have resulted in rental properties in the UK being evacuated almost nine million times in the last five years, new research shows, the equivalent of 1.7 million homes every year. Tenants spend an average of 8.5 days out of their home while repair works are completed Overall, landlords […]
The post Study reveals extent of tenant emergencies in private rented sector appeared first on PropertyWire.
Commercial landlords are expecting the North of England and the East Midlands to provide the biggest development opportunities in the UK over the next two years. A new study found that offices and flats are seen as the most attractive sectors while overall 39% regard the East Midlands as the best region for investment. The […]
The post North half of England seen as having best investment for commercial landlords appeared first on PropertyWire.
Small building companies remain nervous about hiring new staff and are reducing the size of their workforce, according to a survey from the Federation of Master Builders (FMB). The State of the Trade Survey, covering the third quarter of 2019, found the number of small to medium-sized (SME) construction companies reporting a growing workforce had […]
The post Builders remain nervous about hiring due to continued political uncertainty appeared first on PropertyWire.
Rent controls are not good for the lettings market and could have a serious impact on terms of reducing the supply of homes to rent, it is suggested. An analysis of existing research by the Residential Landlords Association (RLA) on the impact of rent controls around the world reveals the harm they can cause. Examples […]
The post Rent controls hurt tenants by drying up the supply of homes to rent appeared first on PropertyWire.
Some 1.9 million people have complained about planning permission applications since the start of 2017, with South Lanarkshire in Scotland registered the highest number of complaints for a single planning application. Overall every planning application receives 2.2 objections on average and there were 870,000 applications across the UK in 2017, according to the new research […]
The post Almost two million planning objections raises since 2017 appeared first on PropertyWire.
Annual house price growth in the UK remained subdued in October at just 0.4% while month on month values increased 0.3%, taking the average price of a home to £215,358. The latest index data from lender the Nationwide also shows that annual growth has been below 1% for 11 months in a row. It means […]
The post Annual house price growth under 1% for 11th month in a row appeared first on PropertyWire.
Dame Judith Hackitt has been named as the Government’s adviser on a new national Building Safety Regulator, providing independent advice on how best to establish the powerful new body. A respected expert in building safety, Dame Judith Hackitt carried out the independent review into building regulation and fire safety that was set up after the […]
The post New national building safety regulator to be set up appeared first on PropertyWire.
The Financial Conduct Authority (FCA) has confirmed that it has removed barriers that stop some mortgage customers from finding a cheaper mortgage deal. The new rules allow lenders to use a different and more proportionate affordability assessment for customers who meet certain criteria, such as being up to date with payments under their existing mortgage […]
The post Financial watchdog removes barriers in a bid to help mortgage prisoners appeared first on PropertyWire.
Buyers spent a total of £2.06 billion on super prime properties in London in the year to May 2019. This was marginally higher than a figure of £2.05 billion in the previous 12 months, according to super prime sales market insight report for Winter 2019 from international real estate firm Knight Frank. The market for […]
The post Super prime property market in London seeing resilience in the face of Brexit appeared first on PropertyWire.
The cost of selling a home through a High Street estate agent can vary by as much as 261% depending on the postcode, according to new research. The figures from GetAgent for consumer group Which? Money analysed more than 40,000 branches that listed properties in over 2,400 postcode areas. It found the average estate agent […]
The post Analysis reveals huge gap in estate agent fees appeared first on PropertyWire.