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Flood-hit landlords 'should get council tax relief'

Landlords whose properties have been devastated by the recent floods should benefit from council tax relief, says a national landlords' body. David Cameron has announced flood-hit companies will be offered 100 per cent relief on their business rates and the National Landlords Association (NLA) wants this offer extended to landlords.  Financial aid is something ...

14th Feb 2014

Demand high as lack of housing threatens price rises

A lack of homes is threatening to stall the housing market and push prices up. January saw the lowest number of houses come up for sale since July 2012, despite the fact people are looking to take advantage of favourable lending conditions, the Royal Institution of Chartered Surveyors (Rics) reveals.  "With more people now in a position to buy a home than at any ...

13th Feb 2014

Property news archive

Resurgent first-time buyers leading housing recovery

First-time buyers are returning to the housing market in droves, with cheap mortgage finance swelling their number by over a third at the end of 2013. December's first-time buyer figure was up 37 per cent compared to the previous year, according to the latest data from the Council of Mortgage Lenders (CML). This makes it the biggest area of growth within the housing ...

12th Feb 2014

More older people and families 'stuck renting for longer'

The age of tenants living in England, Scotland and Wales continues to rise, despite the positive lending conditions for first-time buyers. January showed a 5.8 per cent year-on-year increase in the number of people over-30 still renting, according to Countrywide Residential Lettings. This age group now accounts for nearly 60 per cent of all renters, while 16.2 per cent of ...

11th Feb 2014

Record demand for London prime property in January

Nearly half of all prime properties sold in London during January went for asking price or higher, it has been revealed.  Demand for houses in this part of the country during the first month of the year has never been stronger, according to figures from estate agents Marsh & Parsons. Thirty-four per cent of properties sell within two weeks of going on the market ...

10th Feb 2014

New towns not the way forward say housing experts

The government should focus on expanding urban areas rather than building new towns, a report has suggested.   Developing new towns or garden cities is not the answer to the current housing crisis, according to The Housing Forum. Instead the government should develop a National Investment Bank to channel low cost, long-term loans to house builders.   Dr Nicholas ...

7th Feb 2014

Housing transactions above 1m for first time since financial crash

More than one million properties changed hands last year, the highest number since the start of the credit crisis, it has been revealed. The latest data from Halifax shows an increase in confidence, as low interest rates and an improving economy help to grease the wheels of the property market. House prices increased by 1.1 per cent in January, with the three month metric ...

6th Feb 2014

London private rental increases 'significantly below inflation'

The average rent paid by private tenants in London has risen by less than inflation over the last eight years. Inflation was measured at 30.5 per cent between 2005 and 2013, according to Retail Price Index data released by the Office for National Statistics. This is significantly higher than the 11.4 per cent increase in rents across London during the same time period. ...

5th Feb 2014

£900m earmarked for New Homes Bonus payouts

More than £900 million is to be shared among England's 353 councils, as part of the latest instalment of the New Homes Bonus. The scheme is aimed at incentivising local authorities to build and was introduced by the government in 2011.  Thus far 550,000 newly-built homes and conversions have been delivered, including 160,000 affordable homes. More than 93,000 ...

4th Feb 2014

Housebuilding up in 2013

New housebuilding is being stimulated by government initiatives such as the Affordable Housing Scheme and Help to Buy, according to the National House-Building Council (NHBC). New figures published by the body show that work started on 133,670 new homes in 2013, up 28 per cent on 2012 and the highest number since 2007 when 200,700 new properties started to be built. All ...

31st Jan 2014

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