Breaking News
May Price Paid Data from HM Land Registry
The most expensive property sold in May was in Kensington and Chelsea for £12,115,625 The cheapest properties sold in May were in Peterlee and Shildon for £18,000 10% increase in newbuilds compared to May 2018 The most expensive residential sale taking place in May 2019 was of a flat in Kensington and Chelsea for £12,115,625….
HM Land Registery
Tiny homes will be part of Theresa May’s legacy, says NFB
The prime minister must take responsibility for the “tiny homes” that she facilitated by ignoring industry and campaigner advice for better housing standards and more appropriate policy. Changes to policy are welcomed but, unfortunately, it is too little too late as with many of her decisions. Time after time, the PM and her housing ministers…
National Federation of Builders
First-time buyer income to buy hits 54,000 according to Hometrack – industry comment
Director of Benham and Reeves, Marc von Grundherr, commented: “City living has always carried a price premium and so the lack of appropriate income for first-time buyers in the UK’s most expensive cities is no new trend. While this affordability gap may be growing, it is only a contributing fact in the recent…
Properganda PR
We must make single-use plastic a thing of the past, says NFB
Plastic waste remains a chief concern for our planet’s health and, while attempts to reduce its use have intensified, greater efforts must be made to ensure that we reduce our dependence on single-use plastic. In construction, the reliance on single-use plastic has been drastically declining. Pipes and drains are made out of recyclable plastics, while…
National Federation of Builders
Mortgage approvals remain at record highs despite market uncertainty
Managing Director of One 77 Mortgages, Alastair McKee, commented: “The latest mortgage approval numbers, whilst a smidgeon below forecast, have remained at a very healthy level indeed. In fact, along with the previous month, they represent some of the highest numbers since March 2017. Buyers are evidently no longer being deterred from the…
Properganda PR
34% of income spent on renting – Here’s the best rental markets to maximise your money
Leading lettings platform, Howsy, has looked at where across the UK is home to the best rental market when it comes to the average cost of renting as a percentage of the average salary on offer. Howsy looked at government data on rental costs across England, Scotland, Wales and Northern Ireland and ONS data on…
Properganda PR
Here’s where homes are making and losing a year’s salary in annual price growth/decline
Estate agent comparison site, GetAgent.co.uk, has looked at how current market conditions have impacted homeowners financially over the last year and how house price growth compares to the average income. GetAgent.co.uk used house price data from the latest UK house price index and the latest data from the ONS employee earnings in the UK to…
Properganda PR
Nothing has changed on late payment
The Government needs to be bolder and come up with more immediate alternatives to help construction businesses struggling with late payment. Kelly Tolhurst MP, small business minister, delivered a statement to the House of Commons announcing measures to ensure that businesses get paid on time. The National Federation of Builders (NFB) appreciates the Government’s commitment…
National Federation of Builders
Rents continue to climb across the UK, up 1.3% according to the ONS
Co-founder of ideal flatmate, Tom Gatzen, commented: “We’ve seen a notable increase in the number of UK households in the private rental sector over the last 10 years in particular and this growing dependence has been the driving factor behind a consistent increase in rental costs, as demand continues to outstrip the supply of…
Properganda PR
NHBC Names UK’s Best Housebuilders
NHBC, the UK’s leading new home warranty and insurance provider has announced the winners in the first round of its flagship competition dedicated to recognising site managers who achieve the highest standards in house building. Nearly 450 UK site managers have won a Quality Award in the first round of NHBC Pride in the Job…
NHBC
April 2019 UK HPI from HM Land Registry
UK House Price Index April 2019 The April data shows, on average, house prices have risen by 0.7% since March 2019. There has been an annual price rise of 1.4%, which makes the average property in the UK valued at £228,903. England In England, the April data shows on average, house prices have risen by…
HM Land Registery
A baby born today needs to save £1,734 a year to get their first foot on the ladder
Research by national fast sale estate agent, Springbok Properties, has revealed the up-hill struggle facing those born today when it comes to getting onto the UK property ladder. With the average FTB age thought to have stayed static for over a decade at 30 years old, Springbok looked at how much you would have to…
Properganda PR
Berlin-style rental rate freeze could save tenants thousands
Last week the German finance minister Olaf Scholz voiced his support of a controversial five-year rent freeze to tackle the rising cost of living in Berlin so that the city doesn’t ‘end up like London’. While shares in German property groups have since plummeted, leading UK room share platform, ideal flatmate, has looked at what…
Properganda PR
LONDON LETTING AGENTS LOSING 80% POTENTIAL INCOME PER TENANCY
A new research report has revealed how London letting agents could be missing out on thousands of pounds of potential income each year by not focusing on providing full property management to landlords. Professional supplier to the lettings industry, ARPM, has developed a detailed report titled ‘Why let-only is a losing game for London letting…
EAN Breaking News
NFB welcomes new national chair Nick Sangwin
Nick Sangwin became national chair of the National Federation of Builders (NFB) on Thursday 13 June 2019 at the NFB’s annual general meeting (AGM), which was followed by a celebratory gala dinner. Construction industry professionals and guests gathered at The Deep in Hull for an evening of dinner, entertainment, and networking. Guests were entertained…
National Federation of Builders