Property prices in key cities across the world increased by 3.5% on average in the second quarter of 2019, led by annual growth of 25% in Xi’an in Chine, the latest international index shows. Overall, some 80% of the 150 cities covered by the Knight Frank index saw property prices rise in the 12 months […]
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Residential property sales remained subdued in September and buyer demand and supply slipped into negative territory, the latest industry housing market survey shows. New instructions across the UK reached its weakest in three years and buyer enquiries have fallen as uncertainty deters house purchases, according to the report from the Royal Institution of Chartered Surveyors […]
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The housing industry needs to do more to win the support of Londoners for new home building with council, social rented and genuinely affordable housing being a priority, it is suggested. The inaugural Homes for Londoners conference, held at the Royal Victoria Docks in Newham, with more than 400 representatives from the housing sector, discussed […]
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Almost 14 million people in the UK plan to remain in their current home in retirement and of those an increasing percentage will use their property to generate income through equity release, a new study suggests. Figures from the research by Canada Life Home Finance show that 69% of adults say they will remain in […]
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Government proposals to reform the way landlords can repossess properties will not work and threatens the supply of homes for rent, it is claimed. In its response to the Government’s consultation on ending Section 21 repossessions, the Residential Landlords Association (RLA) argues that what is being proposed fails to give any guarantee that landlords would […]
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Living close to one of England’s top primary and secondary state schools can add over £25,000 to the price of a house, according to new research. Houses within the catchment of the top 10% of English primary schools cost around £27,000 more than those in the wider postcode district, while houses near the top 10% […]
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The majority, some four fifths of property investors consider international buyer interest to be key in boosting property prices, according to new research. But 55% of UK-based investors believe that Brexit will deter overseas buyers and this will in turn weaken the property market, the survey from Butterfield Mortgages Limited has found. Overall, 82% of […]
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Property prices in Edinburgh’s prime market have increased by 3.4% in the 12 months of July 2019 and by 0.9% in the third quarter of the year, the latest city index shows. At the top end of the market values have soared, up by 24% for £1 million plus sales over the year with the […]
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The cost of renting a room in the UK remains steady, up just 1% on last year, indicating that the sector has not been affected by the ban on letting fees in England which came into force in June. Northern Ireland is currently ranked as the UK’s cheapest place to rent with average rents of […]
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There were an estimated 4.3 million leasehold homes in England in 2017/2018, equating to 18% of the housing stock, the latest official figures show. Of these, some 2.3 million or 55% were in the owner occupied sector and 1.7 million or 39% were privately owned and let in the private rented sector, according to the […]
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