Monthly Archives: February 2019

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Housing market stalemate means it falls to landlords to ‘pick up the pieces’

By |2019-02-27T10:02:40+00:00February 27th, 2019|Property News|

The latest UK Finance household lending and deposits data reveals that gross mortgage lending across the residential market dropped in January, suggesting that more prospective buyers are currently choosing to rent, amid Brexit uncertainty and the fact that there are fewer properties for sale. The figures show that there was £21.6bn...

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The average time it takes to sell a property revealed

By |2019-02-27T10:02:42+00:00February 27th, 2019|Property News|

Some buy-to-let landlords are being driven out of the market by the government’s tax crackdown as growing numbers struggle to make money from rentals, but how long does it actually take to sell a property? From property type to regional variations, there are naturally a range of different factors at play...

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Clampdown on HMOs underway in another London borough

By |2019-02-27T10:02:38+00:00February 27th, 2019|Property News|

Another London local authority is proposing to insist HMOs require planning permission in future.  Currently in Croydon multi-bedroom properties can be converted to small HMOs - houses occupied by between three and six unrelated individuals - under permitted development; but both want that to change.  From January 2020, Croydon council plans to...

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Lettings supplier teclet continues ESTAS category sponsorship

By |2019-02-27T10:02:35+00:00February 27th, 2019|Property News|

PropTech company teclet has announced it will this year once again be a main category partner at The ESTAS estate and letting agency awards. Entries for the 2019 ESTAS have just closed and the winners will be announced by TV property expert Phil Spencer at a ceremony at the Grosvenor House...

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Significant issues ‘holding back construction’ of much needed new homes

By |2019-02-27T10:02:46+00:00February 27th, 2019|Property News|

The increase in demand for residential properties, coupled with restricted supply of new homes being built, will almost certainly cause property prices and rents to increase over the next few years, fresh research suggests. The number of new build homes that have started to be built has increased over the past...

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Free online training course to help agents through deposit disputes

By |2019-02-27T10:02:36+00:00February 27th, 2019|Property News|

A new free online training course which guides letting agents through the key principles of disputes has been released by The Deposit Protection Service and the National Approved Letting Scheme. Deposit Disputes is a training module written by the DPS’ head of adjudication and is available in The DPS Training Hub...

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New guide for London’s leaseholders launched by Sadiq Khan

By |2019-02-27T10:02:48+00:00February 27th, 2019|Property News|

A new guide designed to help London leaseholders has been released by Mayor of London Sadiq Khan, with the Mayor also stepping up his calls on ministers to overhaul the leasehold system for buyers in the capital. Approximately a third of London’s homes – and more than 90% of new-build housing...

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House price growth slows amid uncertainty and ‘affordability pressures’

By |2019-02-27T10:02:45+00:00February 27th, 2019|Property News|

There has been a moderate rise in residential property price growth across the UK, according to the latest analysis carried out by Zoopla. The latest UK city house prices index from Zoopla finds that average price of a home increased by 2.9% in January when compared with the same month a...

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Mallorca’s residential property market still appeals to foreign investors

By |2019-02-27T10:02:50+00:00February 27th, 2019|Property News|

Mallorca has experienced a steady increase of real estate purchases by foreign investors, with the total number of transactions hitting 15,000 in 2018. Research from Engel & Völkers found that strong demand is leading to less availability of homes for sale in many regions. Top prices of up to €30 million...

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London boroughs make up one-third of £1m-plus homes for sale

By |2019-02-27T10:02:57+00:00February 27th, 2019|Property News|

There are more than 20,000 properties currently for sale for £1 million or more in the UK, with five London boroughs making up a third of these, according to research by Housesimple. For example, the boroughs of City of Westminster (2,595), Kensington & Chelsea (1,701), Camden (969), Wandsworth (964) and Southwark...

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