Turn on ITV at 9pm and you’ll most likely be greeted by the latest period drama boasting stately homes, acres upon acres of gardens and the richest Brits around. Back then the only way to make an exhibition of your wealth was by owning the biggest, tallest house on the manor. Drawing rooms, libraries and sweeping […]
It’s all well and good buying the house of your dreams and finally claiming a spot on the property ladder, but the minute you own the keys and contract to your new property, you are in charge of paying off your mortgage which has enabled you to make your house a home. The latest figures […]
To build or not to build is not exactly a choice for the British population. Many areas of the UK have been promised new housing developments to accommodate a growing population. The latest statistics from ONS has reported that new home building is up by 15 per cent year on year. There were 131,000 new homes […]
Getting onto the property ladder is a difficult transition in itself and with it comes a huge financial responsibility. In our generation, first time buyers are narrowing significantly and it is far more difficult to own one property, let alone own another. However, the Department for Communities and Local Government as part of the English […]
The Crossrail project is heavily underway and with new stations planned and under construction, the new line will serve a greater purpose for Londoners, further extending the tube map to areas which have never had an easy route into London. The latest news off the press is that West Ealing has green light for Crossrail […]
Today, the ONS released a detailed housing statistics report based on the cost of private renting and how affordable it is in the current economic climate. […]
ONS Private Housing Statistics have been released showing the latest housing summary measures providing a broad overview of the availability and affordability of privately owned houses. Taken from local authorities in England and Wales, the measures have been used to identify relationships between availability and affordability, looking at annual salary as an example. The report has looked […]
Information released today from the Office of National Statistics has revealed that the property debt crisis in Great Britain is worsening, as is the financial debt situation in general. Using evidence from the Wealth and Assets survey, the self-reported burden of property debt was investigated, highlighting the financial crisis Brits currently face. Property debt is […]
The ONS published an article on Friday shining a light on the eight largest city regions outside of London. These include West Midlands, Greater Manchester, Bristol, West Yorkshire, Nottingham, Sheffield, North East and Liverpool. A handful of these regions could, in the coming weeks, negotiate an increase in devolved powers from the capital. There has […]
The ‘empty house’ phenomenon in sought-after areas is growing and growing. And now a London council have plans to put in place a scheme which, they hope, will stop this once and for all. Now, “buy-to-leave” investors could be fined up to £60,000 in an attempt to attack empty housing. This new plan only affects […]
Read More… from Islington Council Lead the Revolution Against “Buy-to-Leave”
The final quarterly survey of registered providers was released on the first of this month finding the sector had sufficient access to finance and was in a strong position, with 60% of new facility funding coming from capital markets. There were 788 homes developed for sale in the quarter, this increase in completions coincides with […]
Read More… from Is the Supply of Social Housing Under Threat?
London rents reach £1,500, the highest they have ever been, spelling bad news for first-time buyers who cannot afford expensive deposits. We reported on rising house prices in our last article, which is a great thing for the British economy and for prospective property sellers, looking to sell quick. However, if you are yet to […]