Bank index warns inflated capital property prices are in a bubble at risk of bursting soon with prices decoupled from incomes and that new investors should expect no medium- or long-term gain
The government has updated online nine key prescribed forms for use in most private rental sector assured tenancies.
On its website it restates that the 1988 and 1996 Housing Acts set out the rules that apply to assured and assured shorthold tenancies., and says there are key matters on which agents, landlords or tenants must follow certain rules laid down in the regulations.
Private rental prices in the UK increased by 2.7% in the 12 months to September 2015, but there are considerable regional variations, according to the latest data from the Office of National Statistics.
Private rental prices grew by 2.8% in England, 1.6% in Scotland and 0.5% in Wales, while excluding London they increased by 1.8% year on year. In the capital city they were up 4.1%.
The UK’s construction industry is facing its greatest skills crisis since 1998, with bricklayers and quantity surveyors in shortest supply, a new survey shows.
These highest skills shortage on record are set to limit sector growth potential but despite this a sharp growth in construction is reported across UK, according to the report from the Royal Institution of Chartered Surveyors (RICS).
The first set of significant house building figures since theelection have just been published.
They are from the National House Building Council - which provides building certificates for new homes.
And they make for pretty gloomy reading.
Data from the Registers of Scotland shows a marked increase in transaction levels – up 23 per cent in one year, as the market settles down following the introduction of the Land and Buildings Transaction Tax as a replacement for stamp duty.
Equity release lending in the UK has seen its biggest rise for 11 years with levels up by £68.3 million in the third quarter of 2015 compared with the previous quarter.
The Equity Release Council, which issued the figures, says that it is clear that more and more home owners over the age of 55 are making use of their housing wealth to support their finances in later life.
Nationwide says property prices rose 0.6% in October after tumbling to two-year low of 3.2% in August
A central London estate agent is in dispute with the OTM portal over its leads, number of agencies on board, and visits from consumers.
The government wants us to believe our economic growth is sustainable, and that budgetary surplus will fix all our problems. But these are dangerous myths
DONG Energy, a Danish energy company which owns the huge Walney Offshore Wind Farm off the Cumbrian/Lancastrian coast line, has announced it is to go ahead with the 660MW Walney Extension.
The Walney Extension to the offshore wind farm, located in the Irish Sea around 19 km off the west coast, is expected to be fully commissioned in 2018.
The extension means it will be the biggest offshore wind farm in the world, surpassing the 630MW London Array Offshore Wind Farm which was commissioned in 2014 by DONG Energy and its partners.
Total investment volumes in the UK student housing market reached record levels in the first three quarters of 2015, exceeding US investment volumes for the first time, new data shows.
In terms of larger deals of $7.5 million plus, excluding land sales, the UK saw investment of $6.5 billion, compared to just over $3 billion in the US, according to research from international real estate advisors Savills.
The firm’s World Student Housing Report states that the UK’s record levels have been driven by foreign investment, led by North America which was the source of 80% of all cross border deals in the 12 months to September 2015.
A PLANNING application for the reworked scheme to regenerate the site on the corner of Princess Street and Whitworth Street near to Manchester's Gay Village has been submitted to the City Council.
It includes two residential buildings comprising 238 apartments, a 148 bedroom four-star hotel, ground floor commercial units and a new landscaped public square over the existing four-level basement car park.
The average price of a home in London rose to £499,997 in September, according to the latest figures from the Land Registry.
As prices have been rising consistently, the typical value is likely to reach the half a million mark in October.
Tenant demand in the UK’s private rented sector remains strong, with four in 10 landlords reporting an increase in the areas where they operate, new research shows.
While one in five are uncertain about demand in the areas they own property, on average 40% of landlords have seen an increase, according to the latest monthly survey report from the National Landlords Association (NLA).
Residential property sales in Scotland increased by 6.5% in the third quarter of 2015 and the total value of sales by 6% compared to the same period in 2014, the latest index data shows.
This is the highest volume and total value of quarterly sales in Scotland since 2009, according to the figures published by the Registers of Scotland.
A Swindon HMO landlord has been fined more than £16,000 for cramming too many tenants into a converted guesthouse.
Javaid Lone, 59, pleaded guilty to 13 breaches of housing regulations at a hearing at Swindon Magistrates' Court last week.
Prime rents in the English Home Counties fell by an average of 0.8% in the third quarter of 2015 despite robust activity levels but are up 4.1% year on year, according to the latest data.
The prime rental market in these counties around London, tends to be very seasonal and the three months leading up to September are often among the busiest of the year as tenants look to complete moves before the new US and UK school terms start in August or September respectively.
Property prices in the UK are predicted to continue their upward trend, rising by nearly £60,000 over the next five years, according to new research.
Prices are expected to rise by 3.5% in 2016 with further annual increases of around 4% in the four years that follow, says the latest analysis from the Centre for Economics and Business Research (Cebr).
Agents who will do Right to Rent checks on behalf of landlords should be aware that a crucially important requirement is not obvious.
It is unclear to the extent that it is catching out some solicitorsflicting advice.
It is also unclear as to why the latest Home Office guidance does not spell out exactly when the checks must be made when this is such a critical matter in terms of agents and landlords complying with the law.
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