Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
-
Rents are rising as fees ban approaches
Figures just released by HomeLet, say average rents are rising in the UK – up 2% year-on-year, as pressure builds from the Tenant Fee Ban.
Read More » -
Mortgage possession claims rise
Following three years of stability there has been a dramatic rise in mortgage possession claims with both owner-occupier and buy-to-let loans.
Read More » -
Revealed – Britain’s fastest moving markets
Homes in Scottish cities go under offer in just 27 days, compared to the British average of 56 days, according to new research by Zoopla.
Read More » -
Flooding risks rise with global warming
The housing market in some areas is in danger of sinking – literally, the Environment Agency warns, as global warming increases flooding risks.
Read More » -
The Homeowners Alliance now blames builders for the state of peoples’ homes!
The Homeowners Alliance frequently castigates estate agents for their repeated failures to please homeowners and movers… now it’s all the builders’ fault! Which makes a change, at least. Homeowners, according to the new research, do not make improvements to their homes because of the costs; because of having to pay VAT and because good builders are hard to find… and when they do find one, homeowners then break the law by paying in cash. Almost half of homeowners (42%) hit a brick wall finding a builder (pardon the pun). A third (31%) pay cash to avoid VAT to afford home improvements (criminal). 8 in 10 (79%) homeowners have faced obstacles with their home improvement plans – levels highest in London at 87% Difficulty finding a reliable builder is top obstacle – approximately 7.2 million homeowners (42%) affected VAT costs are deterring almost a quarter (23%) – roughly 4 million homeowners – a much bigger issue than Brexit (15%) A third (31%) – approximately 5.3 million homeowners confess to paying cash to avoid VAT costs on home improvements ‘SHOCKING’ DELAYS The Homeowners Alliance also says that Planners are to blame. “… planning permission is stopping or delaying 27% of homeowners from…
Read More » -
Estate agents take 16 weeks to sell a property on average, reveals largest ever study
Analysis of over 93,000 house sales during past 12 months reveals fastest and slowest towns and city neighbourhoods for house sales.
Read More » -
Brexit fails to halt Scottish Private Rented Sector
Rents in Scotland’s PRS edged upwards in the first quarter despite the uncertain political landscape. The average property to rent rose 1.7% to £793 per month.
Read More » -
Government’s eviction reform prompts 25% of landlords to consider reducing portfolio
Research by the RLA suggests government's past and mooted evictions reform of the private rented sector will see a landlord exodus.
Read More » -
Good times are around the corner in London, claims estate agency CEO
Chestertons' boss Guy Gittins says there has been a surge of buyers and renters returning to the market, but makes no mention of whether there is stock for them to buy or rent.
Read More » -
Where have all the vendors gone? Housing supply hits record low in March
NAEA says the levels of sellers and buyers 'aren't where we'd expect them to be' during what is traditoinally the busiest month of the year for agents.
Read More »