Mayor of London pledges 999-year shared ownership lease to tackle unfair extension costs January 22, 2021 Sadiq Khan has stood up for leaseholders in the capital by pledging a 999-year shared ownership lease on homes until 2026. The mayor has delivered a new expectation that all shared ownership homes built under his new £4bn Affordable Homes Programme are sold on a long-lease basis. He wants London to lead by example and [...]
UK house prices: What will happen to property values in 2021? January 16, 2021 The UK residential property market boomed in 2020, with house prices ending the year at a record high, despite the shutdown of the sector during the first coronavirus lockdown. Government measures such as the stamp duty holiday helped revitalise the market, while the lifting of lockdown restrictions prompted a surge in demand. Lockdown also inspired [...]
What has Brexit done to property prices? January 14, 2021 The London and UK property market has, so far, remained relatively impervious to any post-Brexit related decline. Despite claims by the Bank of England that leaving the EU could see house prices fall by up to 35 per cent over three years, new research by Keller Williams UK has found that, so far, this has [...]
Landlords won’t be able to evict tenants as Robert Jenrick extends ban on bailiffs January 8, 2021 The ban on evicting tenants in England and Wales has been extended by Communities Secretary Robert Jenrick today.
UK mortgage approvals soar to highest level since before 2008 Global Financial Crisis January 4, 2021 UK home lending defied expectations of a slowdown in the housing market boom that started after the first Covid-19 lockdown
House price growth hits six-year high as pandemic fails to quell demand December 30, 2020 House prices grew at the fastest rate in six years in 2020, a respected tracker has revealed. Property prices skyrocketed by 7.3 per cent across the year, according to the Nationwide House Price Index. Home prices increased by 0.8 per cent in December alone. Read more: A booming Britain will need a broadband boost The [...]
UK housing market ‘to grow four per cent’ in 2021 December 14, 2020 British house prices are set to grow an average of four per cent in 2021, according to property website Rightmove, despite the looming end of a tax break and forecasts of rising unemployment. Rightmove said asking prices for property first advertised between 8 November and 5 December were 6.6 per cent higher than a year [...]
London ranks sixth most expensive city in the world December 14, 2020 London is the sixth most expensive location to live in the world, a report by ECA International revealed.
Sadiq Khan launches £1m Resilience Fund for London’s post-pandemic recovery December 4, 2020 The Mayor of London announced the launch of a £1m Resilience Fund, partnering community groups and innovation experts to tackle London’s most pressing challenges. The Resilience Fund will be delivered in partnership with Nesta Challenges, an innovation foundation. Local authorities, public agencies, social enterprise will be asked to identify specific challenges they need solved. Sadiq [...]
Planning permission granted for 454 new homes in Wembley November 27, 2020 Brent Council has given the green light on building 454 new homes, including 40 per cent affordable housing, next to Wembley Park underground station. The scheme covers a 1.6-acre site, and will be delivered across five buildings. The new homes will be a mixture of studios, one, two and three-bedroom apartments. The affordable homes will [...]