Buyers were unfazed in the lead up to the EU Referendum as sales to first time buyers were up in June, and demand for housing increased. However, agents reported uncertainty from sellers, and supply dipped in the week immediately following the result. As the EU Referendum approached in June, demand for housing, supply of available [...]
Justine Bevan is studying for an NFoPP QCF Level 3 Technical Award in the Sale of Residential Property, and this morning has passed Unit 1 - Health and Safety, Security & General Law in relation to Sale of Residential Property.
Rightmove’s latest house price index, covering two weeks either side of the EU referendum at the end of June, suggests average asking prices have dipped by 0.9 per cent. But the portal stresses that this fall - equivalent to £2,647 on a typical asking price - is seasonal, not Brexit-inspired. Since 2010 the month of July [...]
Housing appears to have a disappointingly low priority in the new Theresa May-led Cabinet - at least judging from the time it has taken to nominate a new housing minister. Brandon Lewis, the respected and well-liked Conservative MP who held the housing portfolio for two years from mid-July 2014, was on Friday told he would [...]
Estate agents and mortgage experts have reacted to the Bank of England’s surprise decision to keep base rate unchanged at 0.5 per cent - and almost everyone says a cut is on its way next month, even if it has not happened now. “A reduction is still on the cards. The Bank of England is [...]
New Chancellor Phillip Hammond has been urged by an industry trade group to reset the government’s approach to taxing the buy to let sector. His predecessor George Osborne introduced a raft of controversial tax changes for the sector - notably a three per cent stamp duty surcharge on the purchase of buy to let properties, [...]
ARLA is stepping up its call for letting agents to have professional qualifications in a bid to combat fraud. In a contribution to BBC News website’s features on Scams Awareness Month, the association’s managing director David Cox says the organisation has been lobbying for compulsory accreditation for some time. Figures from Action Fraud show that [...]