Latest Property News
UK
Older home owners don’t want to downsize as they cherish their memories, poll suggests
Over half of older home owners in Britain say that they cannot see themselves moving out of their property and downsize as they want to hold onto happy memories. Research has found that 55% of owners aged 55 and over will never move and two... Read more
Hundreds of tower blocks in England still have cladding that does not meet regulations
Hundreds of high rise blocks in England still have cladding systems that are unlikely to meet building regulations in the aftermath of the deadly Grenfell tower fire, official figures show. They include residential buildings owned by councils and... Read more
London’s Olympic Park to get two new neighbourhoods with over 1,500 new homes
Two new neighbourhoods will be built at London's Queen Elizabeth Olympic Park following a funding injection from Homes England, the Government's housing delivery agency,’ it has been announced. More than 1,500 new homes, including 450... Read more
Survey reveals how home owners fail to budget properly for improvements
Almost two thirds of people in Britain overspend when it comes to home improvements and DIY, usually because they have not budgeted for the work, new research has found. Overall 65% said they spent more than anticipated and 68% said they did not... Read more
Builders welcome Government funding for parks and green spaces
Funding of £13 million for local authorities to improve their parks and green spaces has been hailed as good for the housing market as well designed open spaces can encourage development. The National Federation of Builders (NFB) has welcomed... Read more
Housing affordability in Britain improving at fastest rate since 2011
The average asking price for property in Britain increased by 0.7% this month and is consistent with the growth recorded in February last year and the one before, the latest index shows. But year on year asking prices increased by just 0.2% or... Read more
Number of homes in prime central London bought by overseas buyers at highest level for six years
More than half of homes in the prime central London property market were bought by overseas buyers in the second half of 2018, new research shows. With 57% bought by international buyers, it was the highest level since the second half of 2012... Read more
RICS market survey confirms subdued start to the year for UK housing market
The residential property market in the UK has seen a slow start to the year with sales, new instructions and enquiries all falling, according to the latest market survey. There is not much optimism in the near term, according to the report from... Read more
Funding announced for affordable community led homes in England
Communities across England are set to benefit from a £6 million funding boost to help them build more of the homes that their area needs, it has been announced. There will be a £6 million funding boost for affordable homes available to local... Read more
Rents in prime London markets bottoming out and set to rise by over 11% in next five years
Brexit has had a negative impact on rents in London’s prime residential markets which are now showing early signs of bottoming out, with the annual rate of decline now at its slowest since the June 2016 referendum. Rents have fallen by an... Read more