General news (May 2011)

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Landlords 'must raise their game'

The country's landlords need to "raise their game" if they are to make gains on property to rent in the UK, one expert has observed. According to James Davies, chief executive of Upad.co.uk, there has been a major change in the demands of tenants when it comes to rental property , and landlords which fail to observe these changes may find they are left behind. ...

31st May 2011

Falling prices 'may reward FTBs'

Falling house prices in the UK may reward first-time buyers (FTBs) in the long term, it has been claimed. According to Matt Griffith, a spokesman for PricedOut, the national campaign for affordable house prices, a "glimmer of light" for first-time buyers is the fact that house prices are predicted to fall over the next couple of years. His comments follow a speech ...

25th May 2011

General news archive

Developers 'opting for larger new homes'

Developers looking at building new homes are increasingly opting for larger developments, according to the Home Builders Federation. Steve Turner, head of communications at the organisation, noted that it is currently a "market-driven industry" and generally larger houses are being built, but he put this down to many first-time buyers' inability to buy. His ...

24th May 2011

Property ownership concerns 'unsurprising'

Concerns among the UK public that home ownership will remain out of reach for the foreseeable future are unsurprising, one specialist has commented. Paul Holmes, chief executive of Firstrung, said he is not surprised by moneysupermarket figures showing that 38 is now the average age at which Brits expect to be able to buy their first property . The expert said that ...

23rd May 2011

Construction of new homes 'has not improved'

The UK constructing sector has not made any real progress in the last year, with the creation of new homes still somewhat stagnant, one industry expert has stated. Brian Berry, director of external affairs at the Federation of Master Builders, said that activity has been "depressing" in the last few months. This is despite the publication of a new report by the ...

20th May 2011

Govt empty homes pledge 'is great news'

The government's pledge to convert the nation's empty and disused homes into inhabitable accommodation is excellent news for the housing industry, it has been claimed. Andrew Stunell, the country's communities minister, has this week described the number of long-term empty UK properties as "a scandal", claiming that as many as 700,000 people could have ...

18th May 2011

Tenant demand 'will sustain rental income'

Rental income is likely to be sustained by tenant demand over the next five years, according to one industry expert. Tom Entwistle, director at the advice website LandlordZONE, said that tenant demand is likely to be maintained in the coming years if predictions regarding residential property growth, or lack thereof, are accurate. "Given the predicted growth of the ...

18th May 2011

Tenancy deposit schemes 'protect everyone'

Tenancy deposit schemes play a vital role in protecting both tenants and landlords in the rental sector, one expert has explained. David Lawrenson, a buy-to-let and private rented sector expert at LettingFocus, said that the schemes help to curb the activities of unscrupulous lenders and tenants and add a degree of certainty to rental agreements. He noted that, previously, ...

17th May 2011

Homeowners 'imbuing property with their personalities'

The country's householders are increasingly using styles for their property interiors which reflect their personalities, it has been claimed. Speaking at the Grand Designs Live event at ExCeL London, interior designer Jo Hamilton said that the days of people simply copying styles from magazines are long gone, with the modern homeowner keen to imbue their house with ...

17th May 2011

Two-tier property market 'will increase further'

The property market in the UK will continue to resemble a "two-tier" system in the coming months, it has been claimed. Ed Mead, director at Douglas & Gordon, said that he fully expects prices at the top end of the property market to continue to rise throughout 2012. His comments follow the publication of a report by Knight Frank, which showed that prime ...

16th May 2011

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