Private rental prices paid by tenants in Great Britain rose by 1.0% in the 12 months to June 2014 according to the latest data from the Office for National Statistics.
Private rental prices grew by 1.0% in England, 1.1% in Scotland and 0.2% in Wales in the 12 months to June 2014. Continue reading
House price growth returns to a steadier, healthier rate as market stabilises, according to estate agent Marsh & Parsons’ latest London Property Monitor.
Quarterly house price growth slowed to 3.1% across Prime London, down from 4.3% in the first three months of the year. Continue reading
The UK, excluding London, saw buyer registrations rise 21% annually, while new property instructions are up by just 2% according to a new report from Sequence.
Property prices across the country remained buoyant – up 1% on last month and 8% annually to £175,728. Continue reading
More homes must be built in London and greater diversity in the construction market could give the industry a much needed boost to meet the growing needs of the capital.
The London Assembly Housing Committee has written to the Mayor urging him to use public sector land to support house building in London by helping new and small developers enter the house building market. Continue reading
With the hottest summer on record underway, outside space is one of the key requirements for buyers in the Capital with 65% of property searches now requesting outside space.
The current shortage has created fierce competition and there is now a 5-10% premium on these properties, says leading independent London agent Greene & Co. Continue reading
London boroughs and housing associations have been given a huge boost as the Mayor of London, Boris Johnson, has allocated almost half a billion pounds to over 50 housing providers to build thousands of new affordable homes in the capital.
An additional £404m has been allocated under the Mayor’s ambitious plans to increase house building, which also include funding for the London Housing Bank and Housing Zones as part of an overall £1.25bn package to deliver 45,000 affordable homes by 2018. Continue reading
With private-sector output growth maintaining a healthy pace, the recovery is showing little sign of slowing down, according to the latest CBI growth indicator.
This comes as official figures published tomorrow are expected to confirm that GDP has surpassed its pre-recession peak. Continue reading
Commenting on the reduction of Green Deal Home Improvement Funds (GDHIF) for solid wall insulation from £6000 to £4000, Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA), said:
“Just as the Green Deal looks like it will finally succeed, the Government seems determined to sabotage its own policy. Continue reading
If students in Sheffield chose purpose-built accommodation instead of traditional house shares, property specialists Savills estimate a massive 3,971 houses could return to family use.
This would significantly ease the city’s shortage for family homes, and in turn, play its part in easing the housing crisis. Continue reading
The government’s Affordable Homes Programme will change the way homes are built in Britain, Chief Secretary to the Treasury Danny Alexander and Housing Minister Brandon Lewis have said.
The ministers announced the successful bids for almost 62,000 homes under the first phase of the £23 billion programme, which will deliver 165,000 new affordable homes over 3 years from 2015. Continue reading