Brand new energy efficiency rules for landlords of rental properties in England and Wales are now set in place. The new rules went through in the middle of March, setting out new energy requirements to be in place from 01 April 2019.Continue reading
Plans for the Future Homes Standard 2025 announced by the Chancellor in his Spring Statement are expected to be announced soon with a consultation process promised for this spring.Continue reading
Residential property sales in the UK were positive at the beginning of the year, up 0.8 per cent between December 2018 and January 2019, official data shows. Overall there were 101,170 residential sales, taking them 1.3 per cent higher than January 2018, according to the figures from HMRC.Continue reading
A new analysis of Land Registry data claims to have revealed the ‘Top UK Property Hotspots’ for 2018 in terms of house price growth.Continue reading
In recent weeks, HM Land Registry has been trying to raise awareness of property and conveyancing fraud in an effort to ensure homeowners don’t get caught out.Continue reading
A new study carried out by prominent real estate group Knight Frank suggests that the UK will surge in popularity among overseas commercial property investors in 2019.Continue reading
Demand for UK commercial property remains strong despite the political and other challenges the market appears to be facing in the months ahead.Continue reading
New licensing rules due to take effect on Monday 1 October 2018 will require some 177,000 UK landlords to apply for House in Multiple Occupation (HMO) licences, it has been warned.Continue reading
The Governor of the Bank of England, Mark Carney, has warned that a no-deal Brexit could cause a house price crash.
He said that in the worst-case scenario, house prices could fall by as much as 35 per cent over the three years following the UK’s withdrawal from the EU, according to reports.
His comments were widely reporting in the media as having been made to ministers at a Downing Street briefing last week.
Speaking in Dublin last Friday, he said: “Our job, after all is not to hope for the best but to plan for the worst.”
Zahra Himani, a Senior Associate in the Property team at OGR Stock Denton LLP, said: “Mark Carney’s comments have actually triggered further uncertainty in clients who, after the comments, are now re-considering proceeding with purchases or wishing to, at the very least, delay matters to some extent so that they can evaluate market conditions.
“People will always need to buy and sell, this is a fact. However, we are noticing that buyer clients are unwilling to push through at the same pace as, say, this time last year”.
New data from high street lender Halifax reveals that average UK property prices were up by almost four per cent year-on-year in the three months to August.Continue reading