Breaking News
Britain’s buy-to-let death traps – Thousands of landlords fail to address cat 1 household hazards
Data from the UK’s only combined lettings inventory and property compliance specialists, VeriSmart, has highlighted the most common hazards being missed by buy-to-let landlords within their rental properties. In the last year, VeriSmart conducted over 60,000 property inspections and reports on rental properties within the buy-to-let sector, with 4,521 of these resulting in at least…
Properganda PR
Interest rates remain frozen – mortgage industry reaction
The Bank of England has made the decision to keep interest rates frozen at their current level. Managing Director of One77 Mortgages, Alastair McKee, commented: “In the current climate of Brexit uncertainty, a freeze in interest rates was one thing that we could bet on. While wider market conditions remain tough, this further assurance…
Properganda PR
Suspensions are good but the Prompt Payment Code needs financial penalties to be meaningful
The NFB has welcomed the decision to remove or suspend seven major construction firms from the Institute of Credit Management’s Prompt Payment Code for failing to pay suppliers on time. The announcement to suspend or remove some of the worst offenders follows chief executive of the NFB Richard Beresford’s call to action for the Government…
National Federation of Builders
Revealed: where in the UK you can buy eight houses for the price of a Kensington flat
Leading estate agent comparison site, GetAgent.co.uk, has looked at where across the UK you can buy a house (or eight), for the cost of a top end London flat. GetAgent took the current average house price for a flat in Kensington and Chelsea (£1,161,580) and compared it to the average house price for a detached…
Properganda PR
“Nationwide registers fifth consecutive month of house price growth below 1%”
Managing Director of One77 Mortgages, Alastair McKee, commented: “While annual house price growth remains below one per cent for the fifth month in a row there has been positive movement in the rate of growth so far this year, and it’s likely that we will see an end to this negative trend come May’s index….
Properganda PR
Clyde Property acquires portfolios of Gordon Shields and Wura Property
Clyde Property have increased their rental offering across central Scotland by acquiring the portfolios of property companies Gordon Shields and Wura Property that sees their total listings going past 3,000 and making it one of the largest letting agency portfolios in Scotland. MD Gary Thomson was quoted as saying: “By purchasing these two portfolios we…
EAN Breaking News
March Price Paid Data from HM Land Registry
This month’s Price Paid Data includes details of more than 88,500 sales of land and property in England and Wales that HM Land Registry received for registration in March 2019. In the dataset you can find the date of sale for each property, its full address and sale price, its category (residential or commercial) and…
HM Land Registery
UK Construction industry output is anticipated to fall by 0.4 per cent in 2019
A recent report shared by the Construction Products Association (CPA) forecasts that the continued Brexit uncertainty will cause a downgrade in industry output for UK construction. This 0.4% fall for 2019 includes the manufacturers and distributors of construction products / materials. This will be a somewhat negative wave of news to hit the sector in…
EAN Breaking News
The London Underground Property Rundown – the most affordable sale and rental spots
Leading independent London estate agent, Benham and Reeves, has looked at the cost of buying and renting across the London Underground, where is home to the most affordable and unaffordable spots and which line tops the table where the property market is concerned. Using data from PropertyData.co.uk, Benham and Reeves crunched numbers on thousands of…
Properganda PR
Landlord fined £2,551.10 for failing to fix problems for tenant
A private landlord has been fined a total of £2,551.10 for failing to deal with standard of a property for their tenant in Cornwall. A Stuart David Donnington who owns and lets out a property at Churchlands, Looe was found to have failed in fixing problems reported by their tenant to include issues with drafts…
EAN Breaking News
2,850 homes approved for Essex
Thurrock Council in Essex has approved plans to build 2,850 homes in a £1 billion project that will see 2,000 new jobs created for local people and a real boost for homes in the county. It should also see that 35% of the homes to be released as ‘affordable‘. This new home regeneration scheme, depending…
EAN Breaking News
Trafalgar Property Group acquires Surrey 1.3 acre development site
A recent cash deal sees Trafalgar Property Group acquiring a 1.3 acre development site with plans to build a new assisted living scheme. The site holds a former nursing home and planning permission granted for 37 units with an option to extend the project by a further 15 (predicted gross development value is around £15.1…
EAN Breaking News
Lords have an honest conversation about the role of SMEs in solving the housing crisis
Lord Bourne’s housing debate shows us how far politicians have come in discussing potential solutions to the housing crisis. Although the debate focussed on modern methods of construction (MMC), passionate speakers made such informed contributions that the Government would do well to act on them. These included considerations around the skills crisis, disability access, the…
National Federation of Builders
Latest delays could derail Crossrail property prices by a further £100k by 2021
The latest research by leading estate agent comparison website, GetAgent.co.uk, has looked at the impact Crossrail has had on the property market surrounding stations due to benefit from the route and how delays to the project’s delivery could impact house prices going forward. When construction first started on the project in May 2009, the average…
Properganda PR
An honest debate about housing is needed
SMEs are integral to solving the housing crisis. Lord Bourne is introducing a home building debate that focuses on driving up supply, reforming the planning process and improving the speed and quality of new homes. Citing the ambitious 300,000 new homes a year figure, Lord Bourne also focuses on modern methods of construction and making…
National Federation of Builders