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.
As 2019 nears its end, it’s time to look back on some of the biggest news stories we’ve covered here at Ezylet this year. Here are some of the biggest property stories of 2019.
The Enterprise and Regulatory Reform Act 2013 is one of those lengthy pieces of legislation that scoops up a great deal of unsatisfactory or outdated stuff from various sectors and seeks to iron it out a bit. It covers everything from employment and competition law to the abolition of the Agricultural Wages Board, and even contains sections aimed at simplifying the processes for maintaining listed buildings.
Christmas is over and, the General Election is finally behind us. As we head into 2020, there’s going to be plenty to keep UK landlords occupied. From networking at trade shows to keeping up with changes in legislation, most UK landlords are going to have a full diary. The following is our guide to the key dates for landlords for the next 12 months.
By some estimates, as many as 100,000 financial services jobs could be leaving the UK as a result of Brexit - and a disproportionate number of those workers live in crowded, in-demand central London. Will your dream house suddenly become easier to find?
The month of April is over, but much of the news that was reported lingers on, particularly in the housing market. Among the top topics that caught ours and the nations interest related to Brexit and housing market activity, rogue landlords and news that lender NatWest lifted its Buy-to-Let mortgage restrictions to allow so called ‘social security’ tenants.
The news surrounding the UK’s property market during April has been interesting, as always. We’ve picked out a few highlights to help keep you abreast of everything need to know!
First of all, we’re going to start with some house price news from the monthly Nationwide and Halifax indices, before moving onto some other relevant reports.
There are increasing signs that the Bank of England could raise rates before the end of the year, some say as soon as soon as August. If rates do begin to head north, are the UK’s home-owners ready for the rise in mortgage payments it would likely cause? In the short-term, the answer is, ‘probably’.
The most recent monthly housing market survey from the Royal Institution of Chartered Surveyors (RICS) was a little different than usual. Instead of focusing on the sales market, the survey opened with details of the residential rental market, showing that while demand for rental property remains robust, new supply of rental homes was weak, once again.
The summer months are often quiet ones for the UK’s property market. However, there’s always some news around that’s of interest to anyone who likes to keep up with it and August has been no different.
Brexit’s effect on property has been a popular topic this month, particularly as a legal case is currently ongoing to decide whether or not Brexit is a reason to allow a company renting property on Canary Wharf, to break its contract. While it’s a commercial property story, the result could have implications for the residential market too.
Good news for anyone considering purchasing a home this year. According to the latest reports, the average house price in the UK has now fallen for three months running.
The UK’s equity release market surged in the third quarter of 2017, with the over 55s drawing down the largest amount over a quarter, since records began in 2002.
Data from the Equity Release Council (ERC) shows £824 million in equity was withdrawn from property, between July and September. That’s a 44% increase from the same period a year earlier and up from the £701 million drawn down in the second quarter, the ERC said.
Having difficulty getting on the property ladder? It might be time to turn to the Bank of Mum and Dad.
Experts are predicting there will be no long-term adverse effects on the UK housing market, despite the recent triggering of Article 50. Here are some of the reasons why this may hold true:
British-based architects are losing confidence as the rate of new work is slowing, a recent survey from the Royal Institute of British Architects, (RIBA) shows. It also highlights a split between northern and southern-based practices, with northern firms more confident than their southern counterparts.
Over a year down the line and still years away from a final resolution, Brexit continues to impact a variety of behaviour and markets. One of those markets suffering from the impact of the UK’s vote to leave the European Union, is the purchase of Spanish property by Britons.
The UK’s housing market is one that’s closely monitored, measured, analysed and discussed. Unfortunately, among those details that feature highly, are broken home purchase chains. And, while there’s often a lot said about sellers being the main culprit, recent data suggests its buyers who are most often the root cause of a property sale falling through.
Britain’s Buy-to-Let (BTL) investors have felt the sharp end of the UK Government’s need for more tax income over the past couple of years. And 2017 will host the next set of tax changes investors are facing – a reduction in mortgage tax relief.
London’s generation rent of city workers, who are struggling to find centrally located, well-appointed and affordable homes, are about to receive some good news: a number of apartment complexes are due for completion in the coming weeks and months.
Experts have pointed out some flaws in the Government’s most recent white paper on housing, and suggest that simply building more affordable homes may not have the effects the Government is looking for – especially in areas that already have thousands of long-term empty homes.