PropertyWire - UK & International Property News Service

Headline

Seasonal dip in August asking prices less pronounced

The price of property coming to the market fell by 1% in August, but this was a better performance than usual for the summer month, according to the latest index figures. It means that the average... Read more

UK 19th August 2019

Over £600 million announced for new housing infrastructure in England

The Government has announced over £600 million in new funding to support the building of 50,000 new homes in England. Chancellor Sajid Javid said ...

UK 19th August 2019

Hundreds of residential buildings still have cladding that does not meet regulations

There are 107 high rise residential and publicly owned buildings in England that have completed remediation works to remove and replace Aluminium Comp...

UK 19th August 2019

Retail to residential conversions down 17% despite growing retail vacancy rates

Despite having the backing of the Government, the number of retail to residential conversions have fallen by 17% in the last year in England, new figu...

UK 19th August 2019

UK Chancellor hints at potential change in stamp duty to benefit buyers

The British Chancellor Sajid Javid has hinted that there will be a change in stamp duty coming up this autumn but has denied that his preferred option...

North America 19th August 2019

Home values fell in the US in July for a seventh month in a row

Home value appreciation in the United States has slowed each month this year, seven in a row, and is at its lowest level since 2015, according to the ...

UK 16th August 2019

Rents increased by 1.2% in the 12 months to July 2019, latest official data shows

Rents in the private rented sector in the UK increased by 1.3% in the 12 months to July 2019, unchanged since May 2019, the latest official figures sh...

Global News 16th August 2019

Key cities around the world seeing prime property market slowing

Mounting economic headwinds are contributing to slower prime property price growth in key cities around the world and leading policymakers in develope...

Finance, UK 16th August 2019

Remortgaging rises as home buyer activity slows in the UK

There was a rise of 8.3% in remortgaging in the UK in June 2019, with some 16,880 new mortgages completed in this sector of the lending market, the la...

UK 15th August 2019

England and London in particular seeing poor property market performance

Scotland’s property market is seeing annual price rises of 1.3%, almost double the pace of growth in England, and Wales is even higher at 4.4%, acco...

UK 15th August 2019

The cost of evicting a rogue tenant can set landlords back as much as £55,000

A rogue tenant takes roughly nine months in total to evict and the process can cost a landlord as much as £55,000 in total, with an average of £6,11...

UK 15th August 2019

Lettings agents in England expect a loss in annual revenue due to fees ban

Letting agents in England are expecting a loss in annual revenue following the ban on tenant fees, with most forecasting a fall of up to 30%, a new su...

Europe 15th August 2019

Annual property price growth continues to slow in Ireland

Residential property prices increased by 2% in Ireland in the year to June 2019, down marginally from the 2.6% recorded in May, official data shows. ...

Opinion

Opinion: More caution is needed in the mortgage market

Gone are the days when you automatically go to a High Street bank to get a mortgage. There is a more diverse range of options these days but this does not mean that more choice is necessarily making it easier for borrowers. Indeed, it can be a... Read more

Brexit is not the only uncertainty in private rented sector

The number of tenants in the UK's private rented sector experiencing rent rises increased to the highest figure on record in June, the latest figures from the lettings agent industry show. Some 55% of agents who are members of the Association of... Read more

Beware the promises behind feel good rhetoric

Rhetoric; the art of effective or persuasive speaking or writing, especially the exploitation of figures of speech and other compositional techniques. We now have a Prime Minister who is a master of this dark art. Before he entered No 10 Boris... Read more

Rent controls may be a step too far for London landlords

Without being political, the Mayor of London has been active when it comes to housing, having pushed through more funding for new homes and introducing a public database to ‘name and shame’ rogue landlords and letting agents. But he may have... Read more

It is summer but the winter of discontent is just round the corner

It would appear that the summer slowdown is well on its way with asking prices and the number of homes coming to the market falling. But there are signs that it is more than this. On the one hand there are those arguing that the market has been... Read more

Beware of what you wish for in terms of Government housing market policy

Those fed up with current Government policy on housing should not rush to wish for regime change as some of the ideas coming from the opposition do not make brilliant reading. In its latest pronouncements on future housing market policy the... Read more

Let’s not blame fees ban for poorer performing buy to let sectors

The tenant fees ban which came into force in England a month ago could prove to be a headache for landlords for the next two to three years, it is claimed while a new analysis suggests that tenant applications are being rejected. Not good news... Read more

It is not all bad news for London’s property markets

There is a general perception that London has been hard hit in recent years with prices rising too much for many buyers and foreign investors not interested because of Brexit but this is changing. Well it cannot be argued that the market has not... Read more

Ray Clancy

Headline

Seasonal dip in August asking prices less pronounced

Over £600 million announced for new housing infrastructure in England

Hundreds of residential buildings still have cladding that does not meet regulations

Retail to residential conversions down 17% despite growing retail vacancy rates

UK Chancellor hints at potential change in stamp duty to benefit buyers

Home values fell in the US in July for a seventh month in a row

Rents increased by 1.2% in the 12 months to July 2019, latest official data shows

Key cities around the world seeing prime property market slowing

Remortgaging rises as home buyer activity slows in the UK

England and London in particular seeing poor property market performance

The cost of evicting a rogue tenant can set landlords back as much as £55,000

Lettings agents in England expect a loss in annual revenue due to fees ban

Annual property price growth continues to slow in Ireland

Opinion

Opinion: More caution is needed in the mortgage market

Brexit is not the only uncertainty in private rented sector

Beware the promises behind feel good rhetoric

Rent controls may be a step too far for London landlords

It is summer but the winter of discontent is just round the corner

Beware of what you wish for in terms of Government housing market policy

Let’s not blame fees ban for poorer performing buy to let sectors

It is not all bad news for London’s property markets

Interviews

Industry Interview: Viewber

Industry Interview: RentalStep

Industry Interview: CapitalRise

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Finance

Remortgaging rises as home buyer activity slows in the UK

New mortgage deals announced for those aged up to 85

Company News

Savills acquires Cluttons Middle East real estate business