Many tenants are now less keen to buy
Tenants are less likely to be looking to step on to the property ladder because of the overall impact of the coronavirus, recent research has revealed. A new Aviva study shows the number of under-25s expecting to move from rental homes to step on to the property ladder in the next five years has decreased from 35 […]
Movement in the rental market
Anyone in England can now move home if they follow new guidance published by Robert Jenrick, secretary of state for housing, communities and local government. Since lockdown restrictions were implemented in March, more than 450,000 people have been unable to progress their plans to move house. All buyers and renters will now be able to complete purchases and […]
Call to increase Local Housing Allowance
The National Residential Landlords Association has welcomed calls from the Mayor of London, Sadiq Khan, to ensure the benefits system offers tenants help with private rents. Ben Beadle, chief executive of the National Residential Landlords Association, says recent polling has indicated that just two per cent of private tenants have had to stop paying rent […]
A positive outlook for new homes
he number of new homes registered to be built per annum in the UK has risen by more than 80 per cent over the last decade. According to annual new homes statistics from NHBC, a warranty and insurance provider for UK new home building, some 1.4 million new homes were registered to be built across the […]
Increase in Property Listings and Sales
Renewed optimism from buyers and sellers saw a continued pick-up in sales activity across the UK housing market, according to the January 2020 RICS UK Residential Market Survey. Landlords thinking of buying or selling will be interested to note the number of sales agreed and amount of new homes being listed for sale has improved over the […]
Increase in build-to-rent homes
The number of newly completed build-to-rent homes across UK regions increased by 51 per cent in 2019, according to research commissioned by the British Property Federation. There are now 152,071 build-to-rent homes at varying stages of development in the UK, according to the report by Savills. At the end of the fourth quarter of 2018, the […]
House price growth reaches four per cent
House prices in December 2019 were four per cent higher than in the same month a year earlier, according to the Halifax House Price Index. On a monthly basis, house prices rose by 1.7 per cent and in the latest quarter (October to December) house prices were one per cent higher than in the preceding three months. […]
Faster planning is needed
The British Property Federation (BPF) has launched its Accelerated Planning Manifesto. The manifesto contains industry perspectives on the practical ways in which the existing planning system can be made more efficient, as well as focusing on specific areas of the system that deserve greater attention from central government. These reforms aim to help to create […]
Buy-to-let mortgages remain steady
Buy-to-let borrowing remains stable despite a slowdown in the overall mortgage market, according to data released by Paragon. According to the company’s latest Financial Adviser Confidence Tracking (FACT) Index, based on interviews with 201 mortgage intermediaries, there was a slowdown in overall mortgage business in the last quarter, despite stability in the buy-to-let market. The […]
A double win for Norwich
Goldsmith Street in Norwich has won the 2019 RIBA Stirling Prize and the inaugural Neave Brown Award for Housing. Awarded by the Royal Institute of British Architects (RIBA) the annual Stirling Prize is given to the UK’s best new building, while the Neave Brown Award recognises the best new example of affordable housing in the UK. […]