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
The average British home increased in value by £90 a day over the first half of 2014, according to property website Zoopla.
Average property values in Britain now stand at £260,488, up 6.5% (£16,265) compared to January. Continue reading
Future governments will be required by law to help fight fuel poverty by making the coldest, leakiest homes in England more energy efficient. Tackling this problem is a priority for government.
Since 2010 the number of households in fuel poverty has fallen every year, thanks to government energy efficiency schemes and the Warm Home Discount. However, the problem could rise again unless action is taken to tackle it. Continue reading
At the current rate of house price growth (10% a year) the buyer of an average UK home will be subject to a 3% stamp duty tax rate before the end of 2016 according to a new report from haart estate agent.
An acute shortage of supply has eased as new homes for sale increased 5% annually and new buyer demand fell by 1.8%. Continue reading
The Council of Mortgage Lenders estimates that gross mortgage lending reached £17.5 billion in June.
This is 4% higher than May (£16.8 billion), 17% higher than June last year (£14.9 billion) and the highest monthly figure since October last year (£17.6 billion). Continue reading
The number of first-time buyers in the first six months of 2014 reached their highest level since 2007, according to the bi-annual Halifax First-Time Buyer Review.
There were an estimated 144,5001 first- time buyers in the first six months of 2014, an increase of 25% on the same period last year – and also the highest total for the same six months period since 2007 (181,500). Continue reading