Home sales set to hit highest level since 2007 October 26, 2021 The housing market is set to hit the highest level of sales since 2007, with 1.5m sales forecast for 2021. According to the Zoopla September House Price Index (HPI), combined market activity is set to amount to £473bn in transaction values this year. This is a £95bn hike on 2020. House price growth is currently [...]
Budget: Regeneration of brownfield sites could deliver 160,000 new homes October 25, 2021 A cash injection of £1.8bn, set to be announced in the Budget this week, should help brownfield sites covering the equivalent of 2,000 football pitches to be turned into plots for new homes. It is hoped hundreds of thousands of homes could be built on regenerated land across the country, while England’s planning system will [...]
Rogue landlords: Calls mount for national registration scheme October 24, 2021 The government is facing calls for a national registration scheme to aid councils in tackling rogue landlords in England. A white paper is expected to be published in the coming months that will look at the idea, according to the Guardian. Councils that require rental homes to be registered under local licensing schemes are more [...]
Lending platform calls on Treasury to privatise land registry October 24, 2021 Lending platform Brydg has urged the Chancellor to consider the privatisation of the HM Land Registry. The registry’s digitisation plans are “lagging”, according to the firm, which wrote to Rishi Sunak ahead of the Budget on October 27. Brydg called for a funding boost for the service as well as for ministers to consider privatising [...]
Landlords: Government fund falls short for renters struggling with Covid debts October 24, 2021 Fresh government funding to help vulnerable renters struggling with Covid debts has been described as falling short. A £65m support package for those battling Covid rent debts was revealed this weekend by the Department for Levelling Up, Housing and Communities. English councils will be able to help low-income households at risk of eviction or homelessness [...]
Focus On: Brighton – an investors’ paradise October 22, 2021 Thanks to the ability for many people to work from anywhere or pop into a central office on an ad hoc basis, increasing numbers of professionals are moving out of London in search of locations with a less frenetic pace of life – something the seaside city of Brighton will continue to benefit from. “Brighton [...]
Property of the Week: An ultra-modern property in Brixton Hill October 22, 2021 The most sought-after design feature you can add to the back of your house is an entire wall of foor-to-ceiling glazed doors that open onto your garden. Not only do you get natural light flooding in throughout the year but your courtyard melds into your living space in summer. When the property was completely refurbished, [...]
Brighten your home with Adam Nathaniel Furman’s colourful designs October 22, 2021 While Frieze may have hit your radar as the biggie collectors’ fair this month, there was a gallery-within-a-fair in west London that was a hotbed of exciting British talent at a fraction of Frieze prices. Beautifully handmade objects are often called “craft” but can also cross the boundary into art. The Future Heritage gallery at [...]
Country house market sees strongest annual growth since 2007 October 22, 2021 The annual rate of growth for country homes hit its highest level since the first quarter of 2007. The annual rate hit 10.6 per cent in September with real estate experts anticipating a cooling of the market following the end of the stamp duty holiday. Average price growth in the category was 2.1 per cent [...]
Bank of mum and dad finances half of all first-time buyer purchases as parents spend $10bn October 22, 2021 Nearly half of all first-time buyer housing transactions this year are being financed by the ‘bank of mum and dad’, according to a new property forecast, shared with Morning Wire this afternoon. Total contributions from parents helping younger generations to buy a home are expected to reach £9.8bn in 2021, analysis from property group Savills [...]