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London councils offered more funding for planning

Written by Estate Agent Networking UK on - Breaking News -

The (unfortunately for now) mayor of London has announced £10 million for ambitious councils that want to boost their role in building new homes in the capital Building on previous positive announcements this year – small sites and SME house builder initiatives, increased transparency and engagement on publicly-owned land – the (unfortunately for now) mayor […]

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Annual UK house prices growth at 3.2% for year to August 2018 according to HM Land Registry

Written by Allen Walkey on - Breaking News -

Latest UK House Price Index summary – August 2018 from HM Land Registry reveals that UK house prices rose by 3.2% in the year to August 2018, down from 3.4% in the year to July 2018. Annual growth in house prices has remained broadly stable at a national level since April 2018. House prices grew fastest […]

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Fears of a Slump in Property Prices

Written by Christopher Walkey on - Breaking News -

There is a lot of negative news in the UK property market currently, lots of predictions of price drops and fears towards the Brexit outcome along with reductions of asking prices more common and taxes introduced to hinder greedy landlords and investors pockets and pension plans. Though is it just a bit too soon to […]

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Brownfield land map tool will help tackle the housing crisis

Written by Estate Agent Networking UK on - Breaking News -

Local authorities must do more to enable development within our existing communities The National Housing Federation (NHF) has identified and mapped more than 17,000 brownfield sites, totalling around 27,700 hectares, which could provide space for more than 961,000 homes. The National Federation of Builders (NFB) thinks that this tool has the potential to help tackle […]

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First-Time Buyer numbers for August reaches highest level in over a year according to UK Finance

Written by Allen Walkey on - Breaking News -

UK Finance’s latest Mortgage Trends Update for August 2018 headlines ‘Number of First-Time Buyers Reaches its Highest Level since June 2017’. The update reveals that there were 35,500 new first-time buyer mortgages and 38,000 new homemover mortgages completed in the month of August. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said: […]

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Late payment is not the construction industry’s model

Written by Estate Agent Networking UK on - Breaking News -

Consistent, institutionalised late payment is not an industry practice, but a business failing. Construction News has reported that Bev Dew, finance director at Kier, stated that the firm is “consistent” with its payment practices and that the onus on improvement must sit with clients. Kier is one of the industry’s poorest payers on the Government […]

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City Council gives go ahead for consultation on planning guide for the Waterside area

Written by Estate Agent Networking UK on - Breaking News -

Nottingham City Council took an important step towards its vision for a new neighbourhood along the banks of the River Trent today (Tuesday 16 October 2018). The City Council’s Executive Board gave its approval for a consultation on the Waterside Supplementary Planning Document (SPD) – which sets out the city’s vision for the area and […]

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Rightmove House Price Index – Subdued prices provide first-time buyer opportunity this autumn

Written by Amy Funston on - Breaking News -

Average asking price of property coming to market rises by relatively muted 1.0% (+£3,184) this month, the lowest monthly rate of increase at this time of year since 2010 Slowest sector is properties with two bedrooms or fewer with a 0.1% monthly price fall, a result of less active buy-to-let investor activity, giving first-time buyers […]

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Price cutting is becoming the new norm as the market adapts to reduced demand according to Home.co.uk

Written by Allen Walkey on - Breaking News -

Latest Home.co.uk Asking Price Index report – October 2018 headlines ‘Price cutting hits 7-year high as vendors’ patience wanes’. The report reveals that overall, supply of property for sale in the UK is up by 6% and the total stock for sale has increased by 10.7% year-on-year. In October 2017, the annualised rate of increase […]

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Rents rose in every region of GB in September, the first time since January according to Hamptons International

Written by Allen Walkey on - Breaking News -

Latest Hamptons International Monthly Lettings Index report – September 2018  headlines  ‘Landlord purchases fall by £5.2 billion in 3 years’. The report reveals that in H1 2018 landlords spent £12.1 billion on new buy-to-let purchases, £5.2 billion or 30% less than in H1 2015 (£17.3 billion). In London landlords spent £3.5 billion purchasing rental homes […]

 

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