We need to stop blaming the dysfunctional housing market on the stamp duty extension

Original Source: https://www.propertywire.com/blog/we-need-to-stop-blaming-the-dysfunctional-housing-market-on-the-stamp-duty-extension/  Ray Harriot, founder of Reliable Property Group https://0077d9d246d82f8ace2c7f57c26074f7.safeframe.googlesyndication.com/safeframe/1-0-37/html/container.html It’s clear that without a stamp duty holiday extension, January through March will be a crunch...

UK housing market set to exceed 1 million sales in 2020

Original Source: https://propertyindustryeye.com/uk-housing-market-set-to-exceed-1-million-sales-in-2020/ Author: MARC DA SILVA UK housing market on track to exceed 1 million sales this year, the latest figures suggest. Fresh analysis of data from TwentyCI by Savills shows that the level of residential property sales being agreed have dropped by around 12% since their highs over the summer...

Stamp duty extension petition passes 10,000 mark

Original Source: https://propertyindustryeye.com/stamp-duty-extension-petition-passes-10000-mark/ Author: MARC DA SILVA A petition calling for the government to extend the stamp duty holiday until September 2021 has attracted more than 10,000 signatures. The petition, which was started a month ago by an individual who is looking to buy a new property, has proved popular with buyers and...

PRA urges buy-to-let lenders to toughen up rules

PRA urges buy-to-let lenders to toughen up rules Original Source: https://www.propertywire.com/news/pra-urges-buy-to-let-lenders-to-toughen-up-rules/ Author: RYAN BEMBRIDGE The Prudential Regulation Authority, part of the Bank of England, has warned buy-to-let lenders to take into account the reduction in mortgage interest tax relief when assessing applications. The phasing out of the tax...

Nationwide: House price growth rises to five-year high of 6.5%

Original Source: https://www.propertywire.com/news/nationwide-house-price-growth-rises-to-five-year-high-of-6-5/ Author:  RYAN BEMBRIDGE Surging activity has seen house prices rise by 6.5% in November, the highest rate of growth since January 2015, Nationwide’s House Price Index has revealed. This represents a rise from 5.8% in October. On a monthly basis prices have risen by 0.9% to...

Mortgage approvals at 13-year high

Author: RYAN BEMBRIDGE Original Source: https://www.propertywire.com/news/mortgage-approvals-at-13-year-high/ UK lenders approved 97,532 mortgages in October, the most since September 2007, the Bank of England’s Money and Credit data shows. The housing market has gotten busier, as there were 92,091 given the green light in September, compared to 85,704 in August. Before the pandemic the were...

Government to provide funding for housebuilders

Original Source: https://www.propertywire.com/news/government-pledged-to-provide-funding-to-housebuilders/ Author: RYAN BEMBRIDGE Chancellor Rishi Sunak has pledged to provide £2.2bn of funding for housebuilders. The majority of this funding will be in the form of loan finance for house builders, including those using modern methods of construction. A further £100m will fund authorities...

Covid-19 ‘has blown the lid off the housing market’

Original source: https://propertyindustryeye.com/covid-19-has-blown-the-lid-off-the-housing-market/ Author: MARC DA SILVA The number of residential property transactions in the UK increased by 9.8% between September and October to hit 105,630, up 8.1% year-on-year, the latest figures from HMRC reveal. On a non-seasonally adjusted basis, the number of residential transactions is 13.7% higher than...

e.surv: London and South East lead the way on house price growth

Original source: https://www.propertywire.com/news/tenant-demand-surges-in-the-west-of-england/ 11TH NOVEMBER 2020 PROPERTY NEWS, UK BY RYAN BEMBRIDGE London and the South East are currently the fastest growing regions in terms of house price growth, according to e.surv’s House Price Index, produced by Acadata. Annual house price inflation stands at 7.3% in Greater London, bringing...

Which areas rank as the most valuable in UK?

Author: MARC DA SILVA Original Source: https://propertyindustryeye.com/which-areas-rank-as-the-most-valuable-in-uk/ GetAgent has analysed estimated dwelling stock figures from Gov.uk and the current average house price by local authority to see which areas are the most valuable from a property point of view, and found that Kensington and Chelsea is unsurprisingly the UK’s most expensive pocket of...

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