Summary of Housing Market Forecast for 2024 Key Points: Expected Price Increase: House prices across the UK are forecasted to rise by 2% by the end of 2024. Market Dynamics: The increase in house prices is driven by a higher number of homes being put up for sale. More...
News
Tenant served notice a few days after moving in – by a Council
The Sun newspaper has highlighted the case of a tenant served with an eviction notice by a Council just days after unpacking their furniture and belongings. Joanna's Story: Impact: Joanna's family received an eviction notice shortly after moving in. She lost her...
Delays in conveyancing causing landlords problems, and money
The property market is experiencing significant fluctuations in property values during the time it takes to complete a sale. According to Moverly, a digital property information service, it currently takes an average of 112 days to progress a sale from an accepted...
Ex rental properties constitute 1 in 8 new sales
A new analysis by Zoopla reveals that one in eight homes currently for sale were previously rented properties. This 12% figure has remained relatively consistent over the past three years. Several factors have contributed to more landlords deciding to sell their...
Government plans to boost property market
The UK Government has announced new planning reforms aimed at significantly increasing housebuilding across England. These reforms include mandatory targets for all councils, with the goal of constructing 1.5 million homes over the next five years. Here are the key...
Government announcement on Housing
The Secretary of State for Housing made a statement to Parliament yesterday (30/7/24) in which she said that the government plans to boost Britain's economy by addressing the acute housing crisis and driving growth, job creation, and urban revitalization. The strategy...
Landlords could be better off with money in the bank: FT claim
Writing in the Financial Times, Moira O'Neill questions whether buy-to-let investments are with while now. The article from the Financial Times can be seen here (subscription may be necessary), and discusses the current state and challenges of the buy-to-let property...
PBSA Watkin Jones forward sells 397 beds in East London
Watkin Jones PLC on Monday announced the forward sale of a student accommodation development, in a deal which may inspire confidence in the property developer's outlook. The company said the forward sale of 397-bed purpose-built student accommodation in East London is...
Big fine for getting it wrong
A recent case of an unregistered House in Multiple Occupation (HMO) in Wallington, near Croydon, highlights significant issues in rental practices and landlord-tenant relations. Here’s an overview and analysis of the case: Overview of the Case Tenant and Property...
Has Selective Licensing lead to more homelessness?
The situation in Nottingham regarding the rise in temporary accommodation and the impact of selective licensing has drawn significant attention and controversy. Here’s a detailed overview: Nottingham’s Temporary Accommodation Crisis Increase in Temporary...
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Renters’ Rights Bill published today
The Renters’ Rights Bill was published today (11/9/24) with the stated intention to introduce a series of reforms...
Announcement from Barret Homes
Barratt Developments, in collaboration with Homes England and Lloyds Bank, has announced a joint venture called the...