NAEA October Housing market report : The number of prospective buyers and the supply of available housing fell The number of sales agreed remained the same whilst sales to FTBs decreased Supply of available properties The number of properties available per member branch fell in October, from 40 in September to 39, the lowest amount [...]
Back in July the Ministry of Housing, Communities and Local Government released a report that has put Estate Agents on the path towards the regulation of estate agents in the UK and letting agents in England. While we don’t know what regulation will look like in its final form, the report showed the recommendations of the [...]
The average price of a property arriving on the market has dropped by 0.2 per cent this month, according to market data from Rightmove. This small dip comes at a time that normally sees the first signs of an Autumn recovery and is the first price fall recorded in September since 2010. The reports show [...]
A Labour-commissioned report calls on the party to make radical change to the housing market if it wins power. The report proposes to replace the Council Tax with a “progressive property tax” that would see landlords forking the bill. One of the authors of the report, George Monbiot, stated that since 1995 land values have [...]
The Ministry for Housing, Communities and Local Government (MHCLG) has released a report on the recommendations of the Regulation of Property Agents Working Group (RoPA) proposing a new regulatory framework to cover estate agents across the UK and letting and managing agents in England only. The report comes as part of work to raise professional [...]
LOWEST MARCH ON RECORD FOR SUPPLY OF PROPERTIES AVAILABLE TO BUY Key Findings Demand for housing fell to a six-year low Sales to first-time buyers (FTBs) hit a seven-month high Supply of available properties Despite a month-on-month increase, housing supply hit the lowest level on record for the month of March An average of [...]
It’s being suggested that a recent tax tribunal verdict might just open the way to challenges to the three per cent stamp duty surcharge levied on additional homes. Commercial Trust mortgages has analysed a recent tribunal and the ruling coming from it. A couple purchased a derelict bungalow in Weston-super-Mare, which was at the time uninhabitable. [...]
FIRST-TIME BUYERS TAKE ADVANTAGE OF CAUTIOUS HOUSING MARKET Key Findings Demand for housing fell to a six-year low Sales to first-time buyers (FTBs) hit a seven-month high Demand for housing The number of house hunters registered per estate agent branch fell by 15 per cent in February, from 297 in January, to 252 This is [...]
BUSINESS AS USUAL FOR SELLERS, WHILE BUYERS PUT PLANS ON HOLD The latest Housing Report has found demand from prospective buyers fell from December to January - decreasing by a fifth year-on-year since January 2018. Supply of available properties was also down last month, falling 14 per cent from 42 in December to 36 per member branch [...]
HOUSING MARKET SLOWS AMID UNCERTAINTY Key Findings Demand from prospective buyers and supply of available properties both fell by 13 per cent in October The number of sales agreed per branch also dropped On the other hand, sales to first-time buyers (FTBs) increased Full Report Demand for housing The number of house hunters registered [...]
