UK house prices rose unexpectedly in December, according to major UK high street lender Halifax. Its latest index measuring house price activity during the final month of 2018, showed that not only was annual house price inflation for 2018 calculated at 1.3%, on a monthly basis, house prices surged by 2.2% in December compared with November.
The property industry isn’t just a major part of the UK, but a significant global sector. It provides homes for people, sites for businesses and commercial needs and everything in between. It’s worth billions and affects all kinds of other industries that are part of living in a modern society. That means that if the industry decides to make a change, the potential impact would be huge.
Looking (not too far) ahead to the New Year, its likely to be a big one for news of all kinds. Brexit, anyone? But that’s not the only possible big news story that those of you with a property-related investment could expect to see unfold before you, during 2019.
As another year comes to an end, it’s always interesting to reflect on what the past 12 months have brought. In the world of property, there have been many changes and big news stories that have come and gone and we’d like to share a few that have lingered on in our – and others’ minds.
After a tough 2017 for many London landlords and agents, 2018 appears to have been a better year for those in the lettings game. The exception to this seems to have been the higher end of the market, which in many cases hasn’t seen the same gains as rentals set at lower price points.
Japanese knotweed is one of the world’s most invasive species, according to the World Conservation Union. Fast-growing and near-impossible to kill, this plant poses a severe hazard for landlords who find it growing on their properties. It’s essential to spot the plant early so you can start combating it, but how much do you know about this super-weed?
