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£250 million of housing deals will see 25,000 new homes built in England
Almost £250 million of housing deals have been agreed by the Government to deliver 25,000 more homes across England, it has been announced. The package includes over 10,000 new homes being built on Ministry of Defence land at seven military... Read more
Most Americans still aspire to the dream of owning their own home
Owning a home is still very much part of the American dream with those who have their own property and tenants believing it to be an important aspiration, new research has found. Some 75% of non-owners believe home ownership is part of the dream... Read more
Mortgage outlook for home buyers and landlords is flat for 2019
More than 2.4 million households in the UK who would have expected to have bought property for the first time after the financial crisis are still waiting at a time when the mortgage market is forecast to remain flat. A new report from the... Read more
Consultation launched on extra 1% stamp duty for non-UK resident buyers
A new property tax for people buying property in parts of the UK who are not resident is being considered as part of the Government’s effort to help control the rise of house prices, it has been announced. Proceeds of the stamp duty new... Read more
Lending to first time buyers positive at the start of 2019, new data shows
Mortgage lending figures in January were positive, particularly for those buyers with small deposits, typically first time buyers, according to the latest data to be published in the sector. Some 66,350 mortgages approved in January 2019,... Read more
Letting fee ban becomes law in England, could save tenants £240 million a year
The ban on letting fees in England and a cap on tenancy deposits is set to save renters at least £240 million a year, or up to £70 per household, according to the Ministry of Housing. The new law has now received Royal Assent and the changes... Read more
Building approvals fall significantly in Australia, back to 2013 levels, official data shows
Building approvals in Australia have reached their lowest for five years, down 23.7% in the final quarter of 2018, new figures show. This was led by a 40.1% fall in approvals for apartments while house approvals also fell, down by 7.8%, according... Read more
Rents in the UK increased by 2.5% in the last year, but with regional variations
Rents in the UK increased by 2.5% in the 12 months to January 2019, taking the average to £932, with only the North East seeing a fall, the latest rental index shows. Growth was led by the South West and Greater London. Rents increased by 5.1%... Read more
House planning process to be speeded up, particularly appeals
The average time it takes for a planning appeal looks set to be cut by five months after the Government accepted an independent review saying builders and communities need more certainty. Secretary of State for Housing James Brokenshire said that... Read more
Tens of thousands of landlords could be unaware of inaccurate EPC certificates
Up to 2.5 million Energy Performance Certificates in the UK are wrong due to inaccurate measurement standards and practices and it means landlords could be unwittingly breaking the law. One in four EPCs record the size of a property so... Read more