Property118 | Author: Property118.com News Team - Page 137

ONS House Price Index shows volatile annual inflation down to...

The latest house price data published on GOV.UK by HM Land Registry for April 2021 show that average house prices in the UK increased by 8.9% in the year to April 2021, down from 9.9% in the year to March...

Renting now cheaper than buying for the first time since 2014...

Research by Hamptons is indicating that the recent inflationary pressure on house prices caused by a lack of supply relative to demand pushed by the Stamp duty holiday has shifted the cost of renting below...

ONS construction output fall will add pressure to housing inflation...

Monthly construction output fell by 2.0% in April 2021 compared with March 2021, falling to £13,961 million, and was the first month-on-month fall since December 2020 when output fell by 2.2%. This follows...

Average rent up 4% year-on-year...

The latest HomeLet Rental Index is showing increased demand has pushed the average annual Uk rental price up 4% to 997 pcm and if you exclude London this increases to 6.4% at £854 pcm. Every region excluding...

£610 million government boost for 26 towns...

Twenty-six towns in England will share over £610 million to boost their local economies, create jobs and help them build back better from the pandemic. These new Towns Deals range from seaside towns like...

Lifting The Housing Raffle Lid...

House raffles continue to pop up on a regular basis, offering the chance to get on the property ladder for the cost of a lottery ticket. But are they really the bargain of a lifetime? Or are they just...

9.5% Annual house price inflation strongest in nearly seven years...

The Halifax House Price Index report for May shows continued strong inflation, with the annual index up 9.5% this month on last year. The average UK property price now stands at £261,743 with Wales continuing...

New insurance based approach for ‘pets in lets’ as...

After the Dogs and Domestic Animals (Accommodation and Protection) Bill proposed by Tory MP Andrew Rosindell was killed off by putting better use of Parliament to deal with the pandemic as a priority,

Double-digit inflation for May house price index...

The latest Nationwide House Price index released for May is showing double-digit annual house price growth of 10.9%, the highest level in nearly seven years. The new record average house price now stands...

Shelter warnings over eviction ban ending...

Shelter claims the lifting of the current ban on evictions by bailiffs on the 1st of June will leave thousands of private renters across England facing eviction this summer. Shelter has released new research...

Possession action process – Guidance for landlords...

The Ministry of Housing, Communities & Local Government has released its latest guidance for landlords and tenants in the PRS to explain the possession action process in the county courts in England...

Law Society unsurprisingly cautions against replacing legal advice...

With the UK government ending its eviction ban today and tapering down emergency measures from June the Law Society of England and Wales president, Stephanie Boyce, said: “The Covid-19 pandemic has...

210,000 tenants may face difficulties post Covid arrears...

Thousands of private renters who have built arrears during the pandemic face problems finding an alternative home because of damage to their credit scores according to a new survey. With the Government...

8% of Private Renters are behind on their rent...

In England, the ban on most bailiff-enforced evictions comes to an end on Monday, while the notice period landlords need to give tenants will be reduced from six to four months. Citizens Advice are reporting...

Continued imbalance of supply and demand is a concern...

Propertymark’s latest Housing Market Report has indicated that a record 32% of properties sold for more than the original asking price. This smashes the previous record back in May 2014 of 19%. Propertymark...

New global guidance for Land Measurement...

New guidance on the measurement of land for development projects such as new housing and commercial development have been published by the Royal Institution of Chartered Surveyors 25 May 2021, which defines...

New national design code being tested across 14 areas in England...

A new national design code meaning areas are beautiful, well-designed and locally-led is being tested across 14 areas in England, Housing Minister Christopher Pincher has announced. The code will ensure...

BTL rates fall since start of the year...

Landlords considering investing or refinancing will be pleased to see the latest data from Moneyfacts.co.uk, which illustrates interest rates for investors are beginning to decrease. Since the start of...

Office of Tax Simplification recommends 60 days to pay CGT...

The Office of Tax Simplification’s (OTS) second report recommends that the government consider extending the reporting and payment deadline for the UK Property tax return from 30 days to 60 days.

DWP will conduct checks to verify or withdraw post Covid UC claims...

People who applied for Universal Credit as Covid hit could be subject to a benefits check by the Department for Work and Pensions (DWP). Citizens Advice sets out the need-to-knows on the DWP’s Trust...

Property118.com News Team

Contact