The UK housing market showed signs of improvement in December, with stabilizing buyer demand and increased sales activity, according to the Royal Institution of Chartered Surveyors (RICS). The UK Residential Survey by RICS covers both the lettings and sales markets....
Research by Final Duties, a probate broker, indicates that the timeline for probate applications in the UK has stretched to 12 weeks, reflecting a 152% increase since the beginning of 2023. Analysis of UK Government data for Q3 2023 reveals an average (median) of 12...
Birmingham City Council, facing financial challenges, is set to auction 29 disused properties, investments, land, and ground rents through Bond Wolfe. The properties will be auctioned during Bond Wolfe's livestreamed auction on Thursday, February 8, at 8:30 am....
The Fleet Mortgages Buy-to-Let Rental Barometer for Q4 2023 reveals an annual increase of 0.3% in typical yields, reaching an average of 6.9% across England and Wales combined. It can be seen here, and in summary: Three regions—North East, East Midlands, and South...
The Office for National Statistics reports a record 6.1% annual increase in private rents in England in 2023, reflecting the sharpest rise on record. Wales experienced the highest annual rent increase in Britain at 7.1%, followed by Scotland at 6.2%, and London at...
Haringey Council has voted to charge 200% Council Tax on properties that have been empty for 12 months, reduced from two years, to encourage owners to bring them back into use. The new charge is set to take effect on April 1, 2024. The move is part of the council's...
In their update for the quarter to 31 December 2023, PRS REIT plc, an investment trust that invests in high-quality, new build, family homes in the private rented sector, reported: Rental demand for the Company's homes remains very high, reflected in very strong...
Mortgages for Business is rebranding. The buy-to-let intermediary, which was founded in 1990, will now be known as Mortgage Finance Brokers. The firm says its name change reflects the fact that commercial mortgages now make up a small proportion of the business. As...
The Office for National Statistics (ONS) has released employment and wage data for the year to September-November. Current wage growth has slowed, and if it continues at the current pace, wages will be up 2.8% in a year. Wages in September-November were up 6.6% in a...
Research by planning and development consultancy Lichfields reveals that the current requirement to review local plans every five years is ineffective at ensuring they are kept up to date. The lack of clear guidance on what authorities must consider during the review...
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