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Eagle-eyed readers may have noticed my name wasn’t on the site quite as often as usual last week. That’s because I was visiting New York City for the first time. I saw the bright lights – the Empire State Building is still impressive 90 years on – though I later wandered into an area of […]
The post New York and the dreaded Mansion Tax appeared first on PropertyWire.
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Luxgrove has received planning for the Brondesbury Park scheme in London. The developer has received permission to demolish an existing house on the corner of The Avenue and Brondesbury Park. It will then build three four bedroom freehold houses and six two bedroom apartments with roof terraces and parking. Lachlan Ross, chief investment officer, said: […]
The post Brondesbury Park scheme given go ahead appeared first on PropertyWire.
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Housing activity increased on both a yearly and monthly basis in January, HMRC statistics show. In January 2020 there were 102,810 residential transactions on a seasonally adjusted basis, 5.2% more than the same month last year and 4.1% more than December 2019. Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: […]
The post HMRC: Housing transactions rise in January appeared first on PropertyWire.
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Property portal Residential People has accused Rightmove of charging agents too much. The company said Rightmove, which is the market leader, charges crippling fees that put a significant squeeze on independent agents. Rightmove angered agents in November by hiking fees, as costs for single-branch agencies vary from £1,936+VAT down to 990+VAT. Christopher May, director of […]
The post Property portal slams Rightmove for high fees appeared first on PropertyWire.
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The conveyancing industry suffered a very sluggish final quarter of the 2019, as quarterly transactions dropped to the lowest level since the second quarter of 2017. There were 226,44 transactions in Q4 2019, 8% fewer year-on-year, amidst the political uncertainty that gripped the nation. The top 200 conveyancing firms recorded a 13% drop in activity. […]
The post Conveyancing activity nosedived in Q4 appeared first on PropertyWire.
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Southampton is the pet-friendliest city in the UK for renters, according to research from broker Towergate Insurance. This is based on the number of pet-friendly rentals, including rentals with a private garden; those listed as ‘pets allowed’; affordable rent prices; and a lack of neighbour complaints about pets. Other friendly cities ranked in order are […]
The post Southampton is the UK’s most pet friendly city for renters appeared first on PropertyWire.
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Legal & General Mortgage Club closed on a record year in 2019, with completions totalling £78bn. This is the highest number in the club’s 25-year history, and is a 7% rise from 2018. The completions figure includes product transfers, however L&G said underlying growth still topped 4%. Kevin Roberts, director of Legal & General Mortgage […]
The post Legal & General Mortgage Club achieves record completion count in 2019 appeared first on PropertyWire.
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Mortgage approvals dipped in January compared to a strong December, e.surv’s Mortgage Monitor has found. There were 66,002 residential mortgages approved in the first month of the decade, down 1.8% from December. Richard Sexton, director at e.surv, said: “While the market fell slightly following the December bump, rumours of a Bank of England base rate […]
The post Mortgage approvals dip in January appeared first on PropertyWire.
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More than a million homes were not built after planning permissions were granted in the past decade. Some 564,600 units have been granted planning permission by councils since 2009/10 but only 1,530,680 units were completed in the same period. The data comes from the Local Government Association, the national membership body for local authorities. David […]
The post There’s a gap between planning permissions and housebuilding – reaction appeared first on PropertyWire.
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Research by prop-tech lettings company Home Made has revealed that London landlords lost £730m in rental revenue in 2019 due to avoidable void periods. Rental properties across the capital are empty for an average of 24 days. One of the key reasons properties lay empty is down to the lag time between a tenant handing […]
The post London landlords lose £730m due to avoidable void periods appeared first on PropertyWire.
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