There has been a 5% rise in farmland acres publicly marketed across Great Britain during the first three quarters of 2013, according to research. The average value of prime arable land strengthened by 2.3% to just under £8,300 per acre which equates to an 8.5% value increase in average prime arable land, according to the Savills Farmland Value Survey. But supply fell furthest in the East of England (-36% down on the first three quarters of 2012) with just 9,640 acres of land publicly marketed...
Reforms which will allow farm buildings to be turned far more readily into homes have come under fire.
The Campaign to Protect Rural England has warned that the move is badly thought through and will lead to a rash of unsuitable housing development “popping up” in the countryside, without the safeguards provided by the planning system.
Eric Pickles’s ‘ambitious’ reforms of the private rented sector, which include a Tenants' Charter, completely fail to tackle the problem at the heart of the industry.
Paul Weller, managing director of lettings chain Leaders, said that the only measure that will work is regulation to stop bad agents operating.
The Prime Minister described the energy supplier’s 9.2 per cent gas and electricity price hike as “very disappointing”.
He said that customers who are “not happy” should try and get a “better deal” by switching energy supplier.
The Advertising Standards Authority has provided new rules to clarify non-optional letting fees and client charges for property adverts – in print and online.
Three large UK mortgage lenders remain undecided on whether to join the government's Help to Buy scheme.
Barclays, Santander and Nationwide Building Society all said they were reviewing the details of the scheme, published on Tuesday, before reaching a decision on participation.
The range of measures announced under the UK government's Help to Buy scheme to kick-start the housing market were much needed. However, RICS has cautioned that Phase 2, which in January 2014 will extend the scheme to include lending on second-hand homes, could increase risk of a ‘bubble’ – particularly in London and parts of the South East.
Banks have begun to unveil mortgages which they will offer under the expanded Help to Buy scheme.
The government's initiative is designed to enable buyers who can afford only small deposits to buy a home.
I am told that the Treasury has told the banks it will charge them a supposedly "commercial" rate of about 0.9% for insuring up to three-quarters of the first 20% of losses on mortgages for homebuyers who cannot afford to provide a big deposit.
From this week, banks in England are expected to start outlining new mortgages under the government's Help To Buy scheme.
The initiative means that banks are able to offer mortgages to people who only have a 5% deposit.
The Government has announced the second phase of its controversial Help to Buy scheme three months earlier than scheduled.
The mortgage guarantee scheme, which is designed to help first-time buyers and existing property owners move up the housing ladder, will allow borrowers with a 5pc deposit to buy property worth up to £600,000.
A lawyers’ field day looks to be on the horizon after experts disagreed on what needs to be disclosed in property marketing under a legal regime which now dispenses with the Property Misdescriptions Act.
According to the NAEA, difficult and sensitive issues about a property that relate to previous owners should be flagged up, not just before a transaction but before any viewings.
Secretary of state Eric Pickles has backed a developer against a council over affordable housing requirements. Separately, another council has let a developer off its obligation to provide further affordable homes.
Britain's commercial property owners, many of whom are everyday businesses, are set to lose £785m in unused tax relief in the coming financial year.
Mechanical ventilation and heat recovery systems in ten new homes that were especially monitored over 18 months were so badly designed or installed that nine had to be re-commissioned and one replaced.
UK housebuilding activity grew last month at its fastest pace for almost a decade, according to a closely-watched survey.
Two major housing schemes – each involving 350 new homes - are set to go ahead following successful recovered appeal decisions involving sites in north east England.
Treasury Minister Sajid Javid said the Help to Buy scheme, which aims to get people on the housing ladder was "for everyone" and not just young people.
The government department of Business, Innovation and Skills has issued new guidance, saying that private sales portals do not need to conform to the Estate Agents Act.
The department's updated guidance now reflects changes introduced yesterday via the Enterprise and Regulatory Reform Act 2013.
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