A daily roundup of all the key property news. A group of MPs have warned that hundreds of thousands of pensioners could be forced out of their homes in the future due to soaring rents. The all-party parliamentary group on housing and care for older people said there could be 1.5m pensioners in the private rented sector in the next two decades, many of whom will struggle to pay rising costs.
A daily roundup of all the key property news.The Regulation of Property Agents working party (ROPA) has recommended that property agency representatives should hold a formal qualification to do the job. ROPA advised Housing Minister Heather Wheeler that qualified agents would then be licenced as the only people able to conduct core selling or letting activities
A daily roundup of all the key property news.The average house price in the UK was just over £650 less this month compared with June - the first fall this year. The figure now stands at £308,692, according to Rightmove.
A daily roundup of all the key property news.The UK holiday home market is enjoying a boom, as property owners are again investing in a second home. While Cumbria, Cornwall and Dorset are the most profitable places to own a holiday let, according to the Staycation Index from Sykes Holiday Cottages, city locations such as Bath, Oxford and Cambridge are also in demand.
A daily roundup of all the key property news. A monthly survey of estate agents by the Royal Institution of Chartered Surveyors reveals the number of newly agreed residential sales has increased for the first time since February 2017. The survey polled more than 300 estate agents in more than 600 branches last month.
A daily roundup of all the key property news. Despite the continuing Brexit uncertainty, Bovis Homes is anticipating a marked improvement in profit for the first six months of the year. The housebuilder delivered 1,647 house completions in the six months to the end of June, up 4% from 1,580 during the same period in the year prior.
Bristol City Council has approved plans for the new Avonmouth Fire Station, replacing the previous fire station with a modern and responsive building that will advance Avon Fire & Rescue Service’s (AF&RS) ability to serve the local area.
A daily roundup of all the key property news. A report by the Building Better, Building Beautiful Commission claims that ugly and abandoned retail parks and large supermarkets should be redeveloped into communities that include homes, shops and businesses.
A daily roundup of all the key property news.A Labour government would restrict property ground rent for all leaseholders, in proposals going further than the current Government's plans that focus on new leaseholders and houses, and not on existing residents and flats. Labour will suggest capping ground rents for existing houses and flats at 0.1% of a property’s value,
A daily roundup of all the key property news.The government’s target for new home construction looks to be in jeopardy as housebuilding in England has continued to slow amid political uncertainty and skills shortages. In the first three months of 2019, the number of new builds starts declined by 9% compared to the previous three months, and dropped 9% annually,
A daily roundup of all the key property news.A new working paper from the Bank of England hints that strict affordability tests could be relaxed, but only if house prices start to rise. The “Modelling the distribution of mortgage debt” paper addresses a number of factors,
A daily roundup of all the key property news.UK house price growth slowed to 0.5% year-on-year in June, according to Nationwide’s latest house price index, lower than May’s 0.6% growth and the worst since February’s 0.4% increase
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