Growth And Confidence In Property Market Reduces In July
Despite the more positive outlook posted in June, inroads were eroded slightly in July concerning positive near term growth in the property market. Although buyer demand remained in positive territory in July with a net balance of +8%, this has slipped back from +10% recorded in June, according to the most recent UK Residential Survey […]
Industry Experts To Discuss Cyber Crime And Technology
Today’s Conveyancer’s latest round table event is less than a week away. As the nation adjusts to a new Prime Minister and prepares for a final Brexit outcome, the property market has experienced an ever-changing landscape. Despite shifting regulations and a hot seat of key political figures shaping the sector, the only real constants have […]
Only A Quarter Of Younger Generation Will Own Property By 2026
The majority of people who do not currently own their own home believe that the dream is now permanently beyond their reach. According to a recent survey from lender, Santander, 70% of respondents feel they will never own their own home without significant support and the younger generations will only struggle further in the future […]
19% Of Home Moves Scuppered By Avoidable Delays
Almost a fifth (19%) of home moves in the past two years were disrupted by severe moving delays, affecting more than 115,000 transactions. According to research conducted by You Gov on behalf of the HomeOwners Alliance and Shieldpay, the delays piled up following issues pertaining to the release of funds and sellers failing to vacate […]
Primark Request Rent Reductions As Commercial Property Sector Falters
Retail juggernauts Primark have followed a number of struggling businesses like House of Fraser, Monsoon and Topshop, by requesting their rents be reduced by a third. The high street has long been in a state of decline as the pressure from online retailers has taken a huge toll on bricks and mortar traders. In order […]
When Will Boris Johnson Enforce Stamp Duty Land Tax Changes?
Boris Johnson, front runner of the Conservative leadership race cantered to victory in the end beating rival, Jeremy Hunt, by 92,153 votes to 46,656. However, winning the nomination will undoubtedly be the easiest part of Johnson’s tenure as Prime Minister as Brexit, economic uncertainty and fulfilling policy pledges will be keeping the Bojo administration busy […]
Scrapping SDLT For Downsizers Could Reinvigorate Property Market
Following recent discussions on the future of stamp duty land tax (SDLT), a property expert has emphasised the impact it could have in enabling final steppers to downsize. According to the research by Reallymoving, the incentive of selling without losing a substantial slice of the equity to SDLT could free up a huge amount of […]
Developers Tasked With Improving Social Cohesion And Wildlife Protection
The new build sector may be set for further restrictive building measures designed to help protect Britain’s wildlife and provide greater cohesion between different community groups. At the weekend, the Government unveiled their plans developers will now need to follow in order to protect British wildlife. The Government have hammered home the issue of environmental […]
UK Property Market Is One Of Three Countries To Shrink In 2018
The UK is amongst two other affluent countries who have endured a property market decline in 2018, according to new figures. The MSCI Global Annual Property Index revealed that the size of the UK Market in 2018 was $714bn (£570bn), which is $6.2bn down from 2017. Out of the top 10 countries who were researched […]
Failed Housing Transactions In 2019 Increase Marginally
Over a quarter of home sales fell through in the second quarter of 2019. According to a report from Quick Move Now, 25.49% of home moves fell through between March and June this year. Whilst this represents a 2.16% increase on the 23.33% property purchase fall through rate from the opening quarter of 2019, it […]
Interim Report Suggests Greater Public Input Into Planning Process
Local councils have been advised to redevelop retail parks into ‘mixed use’ communities and to also offer improved levels of public involvement in the planning process. Currently, many retail parks and large supermarkets were built specifically as retail units to house shops and restaurants. However, the ‘Building Better, Building Beautiful Commission’ interim report claims that […]
Labour Promise To Help Current Leaseholders Trapped In Onerous Contracts
As the gloss on recent Government leasehold announcements seems to fade, the Labour party has offered their preferred policy ideas regarding the future of the controversial leasehold sector. Whilst the Government’s legislative changes to leasehold property benefited new build homes, many have accused the Government of overlooking the needs of leaseholders trapped in properties with […]
Is Working For Small Law Firms The Future?
A leading global provider of information and analytics has revealed that from 2016 – 2019 solicitors leaving larger practices to work in smaller firms has increased from 53% in 2016 to 64% in 2019. The latest Bellwether report titled, ‘Is the Future Small?’, published today by LexisNexis UK, highlights that the small law firm sector […]
Future Climate Info Announces Senior Management Changes
Future Climate Info, the innovative environmental reports provider for property transactions, has today announced some key changes in the senior management team. Geoff Offen, Tom Plews and the CLS Group founded the company exactly 5 years ago to offer simpler, more accurate and better value environmental reports to residential and commercial conveyancers. In this time […]
MHCLG Committee Urges Government To Embrace Modern Methods Of Construction
A report published by the Housing, Communities and Local Government has urged the Government to consider using Modern Methods of Construction (MMC) approaches if it stands any realistic chance of meeting the target of building 300,000 homes per year. The report speculates that MMC has the potential to enable new build property to be constructed […]
Inside The World Of Super-Prime Real Estate
London can proudly boast the most expensive house in the world. Valued at £1.2 billion, Buckingham Palace, which is technically Crown property, is not only the costliest home on the planet but, with 775 rooms, it is also one of the most spacious. India’s richest man, Mukesh Ambani, holds the title to the world’s second […]
Expert Discusses The Role Of Digital Logbooks In Property Sector
The Government have been long term vocal advocates of property log books in the UK and plan to improve the way they are perceived by consumers and the wider property market by creating a standard definition. Numerous representatives of the Ministry for Housing Communities and Local Government (MHCLG) have condemned aspects of the current property […]
Almost A Fifth Of Home Sales Exceed Marketed Asking Price
Analysis of over 1 million property transactions has found that 16% were impacted by potential gazumping. Phil Spencer’s Move iQ and proptech firm Gazeal analysed 1.08 million property sales data published by HM Land Registry and compared them with the price the houses were originally marketed in the year to January. The research found that […]
Millennials Over Reliant On Bank Of Mum And Dad
Older relatives are now lending out over £6 billion per year and have become the 11th largest lender in the UK. Whilst it is fantastic that many parents are in a position to offer their financial support, a raft of recent publications are suggesting that millennials are increasingly forced to rely on this help to […]
National Housing Audit To Provide New Build Development Baseline Standard
Whilst the Government remain committed to achieving 300,000 new build properties per year within the next five years, a new audit is looking at how the design of residential developments has changed in the past ten years in order to help create a baseline standard for new build developments in the future. A new National […]
