Lending platform calls on Treasury to privatise land registry October 24, 2021 Lending platform Brydg has urged the Chancellor to consider the privatisation of the HM Land Registry. The registry’s digitisation plans are “lagging”, according to the firm, which wrote to Rishi Sunak ahead of the Budget on October 27. Brydg called for a funding boost for the service as well as for ministers to consider privatising [...]
Focus On: Brighton – an investors’ paradise October 22, 2021 Thanks to the ability for many people to work from anywhere or pop into a central office on an ad hoc basis, increasing numbers of professionals are moving out of London in search of locations with a less frenetic pace of life – something the seaside city of Brighton will continue to benefit from. “Brighton [...]
Country house market sees strongest annual growth since 2007 October 22, 2021 The annual rate of growth for country homes hit its highest level since the first quarter of 2007. The annual rate hit 10.6 per cent in September with real estate experts anticipating a cooling of the market following the end of the stamp duty holiday. Average price growth in the category was 2.1 per cent [...]
Bank of mum and dad finances half of all first-time buyer purchases as parents spend $10bn October 22, 2021 Nearly half of all first-time buyer housing transactions this year are being financed by the ‘bank of mum and dad’, according to a new property forecast, shared with City A.M. this afternoon. Total contributions from parents helping younger generations to buy a home are expected to reach £9.8bn in 2021, analysis from property group Savills [...]
McLaren interview: North America, NFT’s and Drive to Survive October 22, 2021 Spanning five continents and 17 time zones, Formula 1 is a truly global sport. But with the expansion of the calendar in recent seasons and the increasing presence in the digital and online space, F1 teams are taking special interest in one market in particular: North America. McLaren are a case in point. The English [...]
Will the new ultra-low emission zone affect your house price? October 21, 2021 The signs are up, the maps have been published – it’s ULEZ time. On Monday, the expanded ultra-low emission zone kicks in, casting a warm glow of low emissions not just over Westminster, but every surrounding neighbourhood within the often-smelly, usually-congested north circular. According to one logistics company, this long-planned expansion may mean that getting [...]
London float: Staycation demand convinces Travel Chapter it’s time to go public October 21, 2021 To cash in on the recent demand in staycations across the UK, holiday let firm Travel Chapter has announced plans to float in London. The company, which operates more than 8,000 properties across the UK, will float on the London Stock Exchange’s junior AIM market. It is understood the listing is expected to value the [...]
House sales surged by more than two-thirds in September October 21, 2021 There were 160,950 residential transactions last month, considerably higher than last year, but the market is expected to slow following the stamp duty holiday stimulus. The provisional seasonally adjusted estimate of UK home transactions in September was up 68.4 per cent on September 2020, according to HMRC figures. There was a 67.5 per cent leap [...]
Energy efficiency requirements may slow housing market October 19, 2021 The housing market may be stalled by government plans to require buyers to improve their new homes’ emergency efficiency under their mortgage terms. Property Mark, the trade body that represents letting agents, said the requirements – which have yet to be set out in detail – could initially deter people from moving homes. Mortgage lenders [...]
Energy efficiency requirements may slow housing market – CityAM : CityAM October 19, 2021 The housing market may be stalled by government plans to require buyers to improve their new homes’ emergency efficiency under their mortgage terms. Property Mark, the trade body that represents letting agents, said the requirements – which have yet to be set out in detail – could initially deter people from moving homes. Mortgage lenders [...]