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Nationwide House Price Index shows strong finish to the decade – industry comment
Director of Benham and Reeves, Marc von Grundherr, commented: “As with most areas of life, the UK property market was always likely to demonstrate a slight festive lethargy on a month to month basis in December and while we didn’t quite finish the year with a bang, the first annual increase above one percent in…
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Burying 100 years of history across Nottingham
Nottingham City Homes, its residents and local communities are marking 100 years of council housing by burying a time capsule at different sites across the city, where new council houses are being built in this centenary year. Three time capsules are being buried at NCH new build developments in Bulwell, Top Valley and the…
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Could Britain’s empty homes house the homeless?
Research by estate agent comparison website, GetAgent.co.uk, has found that by utilising just 41.4% of Britain’s empty homes we could house the homeless. There are an estimated 320,000 homeless people in Britain according to Shelter while there are some 322,386 homes that are vacant on a long-term basis, having been empty for more than six…
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UK House Prices Stutter Again in October
The latest index shows that house prices crepy up by 0.7% annually and dropped -0.7% month on month. Director of Benham and Reeves, Marc von Grundherr, commented: “While the recent election result will have brought a degree of certainty to the market, it will take some time to reverse the negative house price trends of…
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Bercow’s filthy flat could cost taxpayers as much as £21k to fix
According to Order-order, the new speaker, Lindsay Hoyle, is yet to move into the Speaker’s House as the luxury residence has been left in a terrible state by former speaker John Bercow. The luxury residence has already undergone a major refurb in 2009 at a cost of £45,000 and leading tradesperson comparison site, HaMuch.com, has…
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Bristol is most popular place outside London for home hunters
Bristol has been crowned the most searched for place outside of London for both buyers and renters in 2019, new Rightmove data has revealed. The average asking price of property in Bristol is £316,410, which is around £283,000 cheaper than in the capital, while homes for sale in Bristol spent an average of 50…
Rightmove
Queen’s speech was a first step to deliver certainty
During the state opening of Parliament, the Queen set out the Government’s legislative agenda. Richard Beresford, chief executive of the National Federation of Builders (NFB), said: “We are pleased to see the Government provide much needed Brexit certainty for our members. However, while the new immigration system is being shaped, a temporary construction VISA should…
National Federation of Builders
Biggest house price jumps since the last white Christmas
Dreaming of a white Christmas? Biggest house price jumps since the last one revealed A white Christmas is more of a myth than a reality, however, it does happen occasionally and lettings and estate agent, Benham and Reeves, has revealed where homeowners have seen the best and worst house price growth since the last one….
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Post-election jump in buyer demand highest in London
There are initial signs of an uplift in buyer demand now the election is over with the biggest increase in London, according to new figures from property website Rightmove. In spite of the usual seasonal slowdown as we head towards Christmas, demand across the UK from prospective buyers increased by 28% in the four…
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UK construction and a Conservative majority: A positive result providing Brexit does get done
Following the Conservative victory in the general election, Brendan Sharkey, Head of Construction and Real Estate at MHA MacIntyre Hudson, believes confidence will return to the ailing sector but that it could prove fleeting: “Construction and Real Estate should feel relieved following the Conservative win. Work has been drying up, especially for civil engineering and…
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Lowest paid professions paying over 10% of salary on rental deposits
Hamilton Fraser’s deposit replacement scheme, Ome, has looked at the current cost of a rental deposit and what this equates to as a percentage of the annual net salary across 20 UK professions, as well as how long it takes each profession to save the required amount. Ome looked at the current average cost of…
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A victory for certainty
Builders look forward to a period of stability The National Federation of Builders (NFB) congratulates the Conservatives on their general election victory and hopes it is a signal for the nation to get moving again after a prolonged period of inertia. The election result has taken the nation closer to ending Brexit uncertainty and restoring…
National Federation of Builders
Rightmove House Price Index – 2020 forecast of 2% price rise as election gives window of certainty
Rightmove predicts 2% rise in price of property coming to market in 2020 as majority government gives home-movers a window of certainty for an active spring moving season Demand for property remains resilient as we move into 2020, though lack of supply is a concern: The monthly decrease (-0.9%) is the smallest at this time…
Rightmove
Industry welcomes election outcome and the release of pent up market apprehension surrounding political landscape
Director of RIFT Research and Development Ltd, Sarah Collins, commented: “The political landscape is now more certain than it’s been since 2015 and the Government’s stance on tax reliefs such as R&D tax credit will, we trust, continue. Over £4bn in such support is provided each year in addition to SEIS/EIS and Entrepreneur’s Tax Relief…
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London property enjoys best market crash recovery
Prices in London have recovered the most from the global financial crisis, research from Benham and Reeves, the London lettings and estate agent, has revealed. Despite the Brexit slowdown, typical prices in the City of London are 89% higher than the pre-crisis peak of August 2007, rising from £474,000 to £898,000 in September 2019. Other…
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