House prices in the latest three months (February-April) were 2.2% higher than in the preceding three months (November 2014-January 2015) according to the latest Halifax House Price Index April 2015.
The quarterly rate of change decreased for the first time this year following three consecutive rises and compares with 2.6% last month. Continue reading
International real estate advisor Savills latest Market in Minutes states that there has been an 18% increase in mega deals, those over €100 million, year on year in Q1 2015.
Additionally, the firm has also found that portfolio transactions have increased by 23% year on year accounting for more than two thirds of the value of all mega deals and 45% of the total transaction volume. Continue reading
New house building figures released today by NHBC for Q1 2015 show that more than 40,000 new homes were registered in the UK during the first three months of the year, an increase of 18% on the same period last year.
In total, 40,281 new homes (30,691 private sector; 9,590 public sector) were registered, compared to 34,163 (24,428 private sector; 9,735 public sector) registered during Q1 last year. Continue reading
In response to the continuation of Brandon Lewis MP as Minister of State for Communities and Local Government with responsibility for housing and planning David Orr, chief executive of the National Housing Federation, said: Continue reading
Commenting on research published by the Joseph Rowntree Foundation, the Chief Executive of national charity Citizens Advice has said that the “whirlwind” of changes has left increasing numbers of people unable to pay their housing costs.
Citizens Advice Chief Executive, Gillian Guy, said: Continue reading
Just before the General Election, a poll of future MPs published by the National Housing Federation has revealed that nine in 10 (89%) are worried that most under-30s in their constituency will not be able to afford to buy a home in a decade’s time. This echoes young people’s concerns that they will be renting for life.
The ComRes poll of sitting MPs and parliamentary candidates most likely to win their seats also found that almost seven in 10 (68%) future MPs would like the leader of their own party to do more to tackle the county’s housing challenges. Continue reading
Landlord support for Labour and the Liberal Democrat Party has halved since the 2010 General Election because of their interventionist policies for the private rented sector (PRS), according to the National Landlords Association (NLA).
Research from the NLA shows that landlord support for the Labour Party has fallen from 11 per cent in 2010, to just six per cent who say they intend to vote for Ed Miliband at the polls on May 7th. The NLA predicts a further slide in Labour support, as the research was conducted before the party manifestos were published and the Labour leader confirmed his intention to cap rent increases at the rate of inflation. Continue reading
Demand for commercial property in the UK is growing close to its fastest pace since 1998 and, along with a surge in investment, reflects the widening economic recovery according to RICS.
In Q1 2015 the UK saw its 10th consecutive quarterly acceleration of demand for commercial properties, with 46% more respondents seeing greater interest. Interestingly, this points to stronger increases in employment with this series providing a two to three quarter lead on official jobs data compiled by the ONS (Office for National Statistics). Continue reading
The latest BM Solutions buy to let quarterly index shows 1 in 4 (26%) of landlords would consider using a lump sum from their pension to invest in property, with a further 24% undecided.
The quarterly BM Solutions / BDRC Continental Landlord Panel revealed that while 77% of landlords view their property portfolio as part of their pension provision, 38% are not planning to withdraw a lump sum from their pension to invest in property or don’t have enough in their pension to do so. This rises to 48% for landlords with larger portfolios (20+ properties). Continue reading
New research suggests there will be an exodus of landlords from the Scottish Private Rental Sector (PRS) in light of the removal of no fault grounds for repossession and the spectre of rent controls in City hotspots.
The figures from lettings portal Citylets make for stark reading and have far reaching consequences for the sector which is already struggling to meet demand in some of its major cities. Continue reading