Breaking News
Nine Elms comes of age with huge surge in tenant demand
Leading London lettings and estate agent, Benham and Reeves, has found that demand for rental properties in their Nine Elms Point development is pushing rents to above-average levels as homebuyers scramble to secure a home in the second phase of sales. Benham and Reeves, who has a branch on-site, has seen a huge surge in…
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NFB criticises Government over starter home fiasco
Government has pulled the rug from under small builders The National Audit Office says that despite being announced in 2014, the Government’s starter homes policy has delivered zero homes instead of the promised 200,000 by 2020. Richard Beresford, chief executive of the National Federation of Builders (NFB) said: “We worked hard with the Government to…
National Federation of Builders
Nottingham students creating the future of social housing
To celebrate 100 years of council housing, Nottingham City Homes and the University of Nottingham are coming together for one week (4 – 8 November) to look at how council housing has changed over the years, but also what it needs to look like in the future. The Addison Act was passed in 1929 and…
EAN Content
Interactive, 3D, aerial panorama used for the first time to market Wrexham farm
An aerial photograph of a property, farm or estate is nice, but what if that image was in fact a 3D, interactive, aerial panorama, allowing prospective purchasers to look 360 degrees around the property, with boundaries and areas of interest marked on to it … Advances in drone technology mean this is now an option…
EAN Content
Huge bounce in mortgage approvals sees buyer demand melt Brexit ice
The latest mortgage approval figures from UK Finance show the highest level of approvals registered during October since 2015, 9.8% higher annually, with 42,300 home buyers entering the market. Please find comment below from Managing Director of letting and estate agent Benham and Reeves, Anita Mehra. Managing Director of Benham and Reeves, Anita Mehra, commented: …
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ONS data shows slight uplift in public well-being, but least affordable property markets continue to be the least happy
The latest data release from the ONS looks at the wellbeing of the UK and how this has changed, including the impact of housing on how happy we are, with the report showing that: – In the year ending March 2019, there was little change in personal well-being measures in the UK, apart from…
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Political purgatory over for the UK property market as Brexit deal reached
Co-founder of ideal flatmate, Tom Gatzen, commented: “The news of a Brexit deal will bring relief to the many European renters currently residing across the UK. For many, the political purgatory caused by a protracted Brexit process has thrown doubt over their status to live and work in the UK and this has had a…
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Housing minister calls for a digital revolution in the property sector
The Housing Minister, Esther McVey, is) announcing plans today which will see the release of data held by local bodies to enable the UK PropTech sector to thrive and for them to “bring about a digital revolution in the property sector.” The Housing Minister will announce measures to: Open up Compulsory Purchase Order (CPO) data…
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UK renters paying £8 per sq ft, £12 in London – ideal flatmate’s Q3, Room Rental Index
The latest Room Rental Index by ideal flatmate has been released for Q3 2019, looking at the cost of renting a room across the UK’s major cities and each London borough. You can find the full index report attached in pdf form, including current average room rentals, the quarter to quarter change, and the cost…
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Rightmove House Price Index
Buyer numbers hold steady as speculative sellers stay away Smaller than usual Autumn price bounce, with price of property coming to market seeing its lowest monthly rise at this time of year since October 2008, up by just 0.6% (+£1,942) Number of sellers coming to market down by 13.5% compared to this time last…
Rightmove
UK House Price Index – Industry Reaction
“Some positive movement but a similar picture of a housing market in limbo and this will no doubt continue to be the case as we approach yet another B-Day. However, as we wait with bated breath for the final curtain to fall at the end of this month, a critics review of current market conditions could…
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Fire regulation changes causing new-build transaction times to double
Changes to building fire regulations have significantly delayed new build sales in blocks above 18 metres, according to new home specialists, Stone Real Estate. All sales across the eight major developments in this category currently listed by Stone Real Estate have seen the time period between reservation of a property and the exchange of contracts…
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Queen’s speech bitterly disappointing for a property point of view – industry reaction
While today’s Queen’s speech covered 26 bills from the environment to Brexit, aviation to immigration, there was a complete lack of focus on housing. Please find below some industry reactions to today’s speech. Tom Gatzen, the co-founder of leading roomshare platform, ideal flatmate, commented: “Disappointing to see that the state of the UK property market…
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Flood risk is dampening rental growth as tenants opt for higher ground
Areas, where flooding is more likely to happen, have seen lower rental growth in the past five years, analysis from landlord letting agency Bunk shows. Bunk looked at areas with a high to medium risk of flooding and how rental growth compares across these areas depending on the severity of the flood risk. Between 2014 and…
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Halifax House Price Index – COMMENT
The Halifax has just released its latest House Price Index numbers stating: A 0.4% drop in house prices month on month A 1.1% RISE in house prices in the year to September Average UK house price now £232,574 Our clients’ comments on the index are as follows: Marc von Grundherr, Director at Benham &…
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