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The Mayor of London has announced a new housing partnership to build 5,000 new houses in the London District. This follows the money given to the city of London to build more affordable housing. Khan secured £1.67 billion from Government for London in the Spring Statement meaning he is able to build 5,000 of the […]
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Property prices in England and Wales increased by just 0.8% during the last year, from June 2017 to June 2018. Sales fell by 3.2% to their lowest level since the stamp duty reform in December 2014. Average prices in June (excluding new build) reached £287,558 whilst the price of a new home is now close […]
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The UK Government are forever bringing in new measures and policies around the housing sector but according to a survey, Britains number one wish is that gazumping is banned. When a sale is agreed on a house and then someone else comes along and offers more, is called gazumping and is hated by 55% of […]
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When it comes to money laundering and organised crime, there are some ‘Red Flag Indicators’ that conveyancers should be aware of. This advice could be particularly important following the announcement that conveyancers could be liable for identity fraud under new proposals put forward by the Law Commission. In particular, the CLC states that “several red flag indicators together, without reasonable […]
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Rental prices in London have risen to an average £2,000 a month, the highest it has been in three years. This is the first time that the capital has had the strongest-performing rental market since 2014. The price increase has been fueled by a shortage of new rental properties in the city meaning average rents […]
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The uncertainty surrounding Brexit has driven up the cost of overseas property, according to Hargreaves Landsdown Currency Service. Despite house prices in Spain still being 16% lower than they were in 2010, British buyers do not particularly benefit thanks to the falling pound. The drastic decline in the price of sterling since the EU referendum […]
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A third of British sellers have dropped the asking price of their homes at least once. This is the highest proportion in seven years according to the latest house price figures. The Rightmove House Price Index for July found sellers with houses on the higher end of the price spectrum were struggling to receive offers as […]
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House prices in London are continuing to slump, with average asking prices down just over £11,000 year on year. Smaller homes with one or two bedrooms have seen the largest price drops since July 2017, good news for first time buyers; Starter-home prices have fallen 3.5 per cent (or almost £18,000) to an average £486,000, according […]
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According to surveyors, properties in the UK are taking longer to sell than a year ago owing to the “uninspiring” housing market. Last spring it typically took 16 weeks between a home being marketed and being sold, the Royal Institution of Chartered Surveyors (RICS) said. That has increased to around 18 weeks on average, the […]
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Theresa May’s new Housing Minister boasted how he pioneered council policy to make life “more uncomfortable” for rough sleepers. Kit Malthouse was named yesterday as the eighth Tory Housing Minister in eight years – taking on Theresa May’s pledge to “fix the broken market”. He was appointed after David Davis in resigned over May’s EU […]
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