Revealed: the extent of the buy-to-let market collapse

New research has exposed the scale of the fall in buy-to-let purchases in the year that the Government hiked stamp duty by 3pc on such transactions.
The number of properties sold to buy-to-let investors has fallen 63.7pc in the year to November in England and Wales, according to the estate agency Haart, dropping 8.2pc last month alone. In London, the number of such properties sold fell by 40pc.

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Business leaders urge government to tackle UK housing crisis

Business leaders have urged the government to tackle the housing shortage by expanding the rental sector and creating incentives for older homeowners to vacate large properties.

The CBI set out 10 recommendations to get more people into suitable housing ahead of the publication of a white paper by the Department for Communities and Local Government on tackling the housing crisis.

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More than 120,000 British children face being homeless this Christmas

More than 120,000 children across Britain face spending this Christmas homeless and in temporary accommodation, according to analysis by Shelter.

The charity, which used government data to make the findings, said the estimated figure is the highest since 2007 when over 133,000 children were living in temporary accommodation by the end of March that year. Continue reading

The 7 most affordable places in the UK to buy a house

Getting a foot on the property ladder has always been difficult, but there are some areas of the UK where it easier than others.

The average UK house now costs eight times the average national wage. But new research, carried out by online money-saving agent eMoov, shows that there are some places where you can buy a house for as little as three times the average salary in the area. Continue reading

Hammond ditches Osborne’s help-to-buy homes scheme

Philip Hammond has confirmed that the government’s help-to-buy mortgage guarantee scheme will be closed by the end of the year, another of former chancellor George Osborne’s flagships now abandoned by the Treasury.

In a letter to Bank of England governor Mark Carney, the chancellor said the scheme had a “specific purpose that has now been successfully achieved”.

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Hertfordshire is best place to raise a family

New parents should consider selling up and moving to Hertfordshire, according a new study which has just named the county the UK’s best place to raise a family.
Top exam results, good pay prospects and plenty of sunshine, combined with lots of GPs and fast broadband, place Hertfordshire firmly at the top of the uSwitch Better Family Life index, published on Wednesday.

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Housing market ‘falters amid Brexit campaign and vote’

The supply of homes on the UK market fell at its sharpest rate to date and buyer demand hit an eight-year low as Brexit was confirmed, surveyors say.

House prices are expected to fall across the UK in the next three months, the Royal Institution of Chartered Surveyors (Rics) survey suggested.

Read the full BBC News story here:

http://www.bbc.co.uk/news/business-36783938