The UK government is reportedly considering a controversial scheme named “British homes for British workers,” aiming to give British citizens higher priority for social housing. The move, intended to bolster Rishi Sunak’s reputation for being tough on immigration, has...
Industry News
‘Save the tenancy – don’t serve notice.’ – message from council
In a message to landlords and tenants to Torbay council encourage collaborate to prevent homelessness. Here's a summary: Message to Landlords: The council is sending a message to landlords with the slogan 'Save the tenancy – don't serve notice.' The emphasis is on...
Property sales down; property buyers down
A recent report by Propertymark on the state of the housing market in Britain shows:: Decline in Property Sales: The number of property sales continued to decrease at the end of the previous year. Reduced New Property Listings: There was a significant 28% reduction...
Report of new builds in England – July to September 2023
The Government has just published its quarterly report ‘Housing supply: indicators of new supply, England' for July to September 2023. The full report can be seen here, and it provides a comprehensive update on new building regulatory standards and housing supply...
Foxtons expects growth in 2024
Foxtons has recently reported its latest results. They have pivoted towards lettings in recent years, with acquisitions, so at 70% of revenues that makes them a lot less cyclical than before. In their recent report they stated: "Lettings is expected to remain...
Divorces causing 82% increase in quick sale stock reaching the market
A recent study by Open Property Group indicates that there has been an 82% increase year on year in the number of sellers looking for a quick sale in England. The research found 3,543 homes currently listed for sale, specifically stating the need to sell quickly....
New regulations commence for the Building Safety Act 2022
These Regulations bring into force on 16 January 2024 the following sections in Part 4 of the Building Safety Act 2022: sections 79 to 82 which impose requirements with regard to registration of occupied higher-risk buildings and obtaining and displaying a building...
Survey launched into Housing for disabled people.
The House of Commons Levelling Up, Housing and Communities (LUHC) Committee has launched an online survey for its inquiry into what the Government can do to ensure disabled people have access to accessible and adaptable housing in England. The survey includes...
Financial Distress in Property and Real Estate Businesses
A Begbies Traynor Red Flag Alert report warns that more than 60,000 property and real estate businesses in the UK are starting the year in "financial distress." The report, which can be seen here, analyzes corporate distress signals, reveals that 62,176 property and...
Critique of Michael Gove’s Proposed Ground Rent Reforms
Writing in Property Industry Eye, under the headline 'Gove’s naïve plans for leasehold reform will only exacerbate UK’s housing crisis', Mick Platt, director of The Residential Freehold Association, criticizes Michael Gove, saying that his proposed reforms to ground...
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Industry Bodies Call for Regulation of Property Agents in Open Letter to Housing Secretary
Propertymark and the Royal Institution of Chartered Surveyors (RICS) are among the key industry bodies backing an open...
Recovering Damages Beyond the Security Deposit: A Guide for Landlords
Property118 has published a useful article on how to recover legitimate costs from a tenant. It can be see here, and...