The UK’s housing tenure choice is increasingly moving towards a greater reliance on the private rental sector (PRS), despite changes to the tax rules which have seen fewer new BTL landlords enter the market and more existing ones sell some of their portfolio. And according to recent research from international property management firm Hampton International, there could be the need for some 6 million rental homes in the private sector, by 2025.
After appearing to go off the boil for some time, the UK Government’s appetite for encouraging an energy efficient construction market is making a comeback. Three separate developments have occurred in recent weeks to spur efforts across a range of housing related energy efficiencies, from both buyers and builders.
Whilst many pundits argue that the housing market is cooling, no one can deny that it’s a ‘buyers’ market’ right now. This means that sellers really need to do their best in order to achieve the top end of their asking price limits. This article will help highlight how you can sell your home this year, just without the associated hassle.
UK consumer confidence fell in June, on election concerns, financial worries over rising prices and a weaker view of house prices. With people less inclined to make major purchases - such as buying a home - economists are concerned property prices might not recover from the recent slowdown in growth.
UK consumer confidence slid sharply in the wake of the UK’s vote for Brexit last month and the UK’s housing market continues to suffer under the new regime of uncertainty the surprise vote ushered in. Separate figures also suggest that the London housing market ground to a halt in the run-up to the vote.
Although the 2017 general election may already feel like a distant memory to many, the result will reverberate on the housing market for some time to come. Much as many experts were happy to share their views on the election result, many were also equally willing to discuss what it means for the housing and residential construction market.
UK housing market activity slowed further during March, with a lack of new property and interest in it, keeping activity flat, the latest report from the Royal Institution of Chartered Surveyors (RICS), showed. The report did note, however, that there were wide differences between some areas.
April proved a tough month for the UK’s housing market, with three prominent surveys all reporting similar findings. And, if that wasn’t enough, they were all equally gloomy about the coming months too.
House price optimism among the UK’s home-owners held steady in March, with almost one-in-six respondents expecting house prices to rise in the next 12 months, a recent survey from Halifax shows. However, there are also further signs of a widening disparity between attitudes in North and South England, with northern home-owners more confident than their southern counterparts.
Due to a lack of existing homes and development properties in the supply pipeline, experts predict a rise of 2-3% in housing prices over the course of 2017, despite Brexit-induced fears of the housing market slowing down further.
The UK’s housing market is the subject of much debate, news coverage, surveys and reports. While this wealth of information can mean anyone who’s interested can become – and remain - well informed on what’s happening, there are times when the raft of headlines can say different things. When that happens, you can start to wonder what’s really happening out there?
The UK’s housing market is a popular topic of conversation. And, since Chancellor of the Exchequer Philip Hammond’s surprise announcement to abolish stamp duty for first-time buyers in the November 2017 budget, it has no doubt been discussed around Christmas dinner tables.
Recent research has highlighted that the average price of a flat across the UK has risen by 48% in the past five years. That’s the biggest increase across all residential property types, with the second largest rise of 41% being achieved by terraced houses.
But, the burning questions has to be: why has the price of your average flat risen so much and more than other, more popular property types?
In recent years, Britons have become more adept at haggling and achieving lower prices for the things they want, like a car, a holiday or a house. However, after a few years of embracing the art of haggling, it appears that Brits are once more, losing their appetite for price negotiation.
While the Government debates planning law changes and works to enforce rules on the private sector the UK’s housing crisis continues. Unabated. This leaves the country in the position of being no closer to finding a solution and providing homes for the still growing population.