Breaking News
Canary Wharf office space in demand.
According to a report from Knight Frank, Canary Wharf will record the strongest office rental growth this year with a 12.8 per cent rise in rents, those attractive and imposing office towers lagged slightly behind other districts last year. Rents are becoming increasingly unaffordable for small to medium-sized firms in London’s popular east end and on …
Allen Walkey
The Property Ombudsman takes on the removals & storage sector following new agreement with UK’s largest trade association
A new Service Level Agreement (SLA) between the UK’s largest government-approved property redress scheme, The Property Ombudsman (TPO), and The British Association of Removers (BAR) has been announced. The new agreement entitles all 420 BAR-registered firms to automatically gain TPO membership, which will enable TPO to help more home movers resolve their complaints through the…
Christopher Walkey
Purchasers of US Investment Property – Indians now 3rd.
Many will know the surge in Indian wealth, news stories like them now being the 11th largest super-rich population or that the wealth of India’s super rich is likely to double by 2020 adds to the now un-surprising news that they are now the 3rd highest purchase of US Property. Behind Canada being first and…
Christopher Walkey
Interest rates to continue at low levels
Last month Mark Carney, Governor of the Bank of England said the global financial backdrop was ‘unforgiving’ as he insisted that ‘now is not yet the time’ to raise interest rates in the UK. As it publishes new economic forecasts with concern growing about a new global slowdown and an unsettling referendum on Britain’s place…
Allen Walkey
INDEPENDENT AGENT BERESFORD RESIDENTIAL CONSOLIDATES LEADING POSITION IN SUCCESSFUL TAKEOVER DEAL
Beresford Residential are pleased to announce that from February 2016 they will be taking over the lettings and management portfolio of XanderMatthew Limited. Established in 2011, XanderMatthew are a highly regarded Estate Agent serving Brixton, Clapham and the surrounding areas. During the past five years XanderMatthew have let, managed and sold property for hundreds of…
Housing Market Bulletin January 2016
The housing market bulletin for January 2016 provided by The Homes and Communities Agency is a report re the latest information on the housing market, the economy and the housebuilding industry in England. House prices: Average house price growth has now returned to all English regions, but prices continue to rise most rapidly in…
Allen Walkey
Barking and Dagenham Council has vowed to root out “exploitative landlords”.
A series of morning raids were carried out across the borough of Barking and Dagenham in further attempts to catch out a growing list of ‘rogue landlords’ who are exploiting the current housing shortage across London. A total of seventeen people were found crammed within one single three bedroom property. In total, the raids reported that…
Christopher Walkey
Legal challenge to government over buy-to-let tax
According to a recent article in The Telegraph, Cherie Blair the wife of the former Labour MP and UK Prime Minister Tony Blair is mounting a challenge to the government’s proposed buy-to-let tax. Cherie Blair QC has reportedly launched a legal battle against the Government’s flagship policy to increase taxes on buy-to-let investments, claiming it…
Allen Walkey
Prices now deterring overseas investors within UK commercial property.
Though not in actual negative, but the it is reported that the Royal Institute of Chartered Surveyors (RICS) said buyer enquiries though still rising, was at its slowest pace since the third quarter of 2013. This is being put down to a slow down in foreign buyer interest for UK commercial property. The main reasons thought to be…
Christopher Walkey
Right to Rent – Landlord’s code of practice
Guidance for landlords, homeowners and letting agents affected by the introduction of right to rent immigration checks as updated 1st February 2016. Code of practice on illegal immigrants and private rented accommodation. This is the second version of this code, and it will apply with effect from 1 February 2016. The earlier version of this…
Allen Walkey
New Property website for Dubai and India.
Dubai-based Riveria Global Group has launched a new website 3villaz.com which focuses on properties from Dubai and India, the group has been involved in the real estate business in Dubai and Mumbai for more than a decade. The website offers the facility of sellers posting their own properties for sale or rent, search and comparison…
Allen Walkey
Another new rule for Landlords in Wales
New rules coming into effect in Wales from the end of February will mean landlords will require planning permission to convert a house from use as a single household to a shared rental property of 3 to 6 unrelated people, commonly known as Homes for Multiple Occupancy (HMO) Landlords will need to pay a fee…
Allen Walkey
UK housing market not affected by concerns on economy.
The Chancellor of the Exchequer, George Osborne has announced the postponement of the sale of the final stake in Lloyds Banking Group held by the government, he blames global turmoil in the markets and sluggish growth, the UK economy reported growth at the end of 2015 but fears of a global slowdown have seen optimism…
Allen Walkey
Some landlords still holding unprotected deposits.
According to a survey carried out by Centre for Economics and Business Research (CEBR) on behalf of comparison website money.co.uk it states some UK landlords are still not complying with deposit protection rules, the research revealed that figure to be 284,000 of Britain’s 1.9m landlords. These landlords who fail to protect the deposit are leaving…
Allen Walkey
BTL adds to UK property price growth
Some would say that the UK property boom is now bigger than that of the US in 2007 and we all know what happened there, the bubble burst. Mark Carney, Governor of the Bank of England reiterated his concerns about the growth of the Buy-to-Let (BTL) mortgage when speaking to a panel of MP’s on…
Allen Walkey