According to the latest available sold price data from Land Registry, 37% of homes have achieved their final asking price or above, significantly higher than the long-term average of 23% between 2005 and 2021. Since the housing market reopened last year in May in England and in June in Wales the percentage of homes achieving asking price or above has...
Modern-day tenants are more likely to splash out on higher rents if their new homes are well furnished, according to the results of a new survey. Manor Interiors found that a furnished rental home could not only improve your chances of finding a tenant, but it could increase the monthly level of rental income secured. According to the numbers, 26%...
The forecast, which takes the current trajectory of the housing market and applies it to the rest of summer months, estimates that there will be 420,000 sales in the UK across June, July and August at a total spend of a record £107bn. This will make this summer the highest grossing quarter in UK residential market history, and is in stark contrast to previous years. Throughout the past half...
The government has extended a ban on evicting businesses from their premises for nine months after a backlash against the continuation of Covid restrictions. A ban on commercial evictions was set to end on 30 June but Steve Barclay, chief secretary to the Treasury announced on Wednesday that it is to be extended to 25 March 2022. Existing debts accumulated during...
Advantedge Commercial Finance has appointed Ruth Bethel to the role of business development manager for the South West region.
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By Simon Durkin, head of EMEA real assets research and strategy, BlackRock The resilience of UK real estate has been severely tested by the pandemic; all sectors faced a multitude of challenges, from enforced lockdowns and closures to occupiers re-evaluating their real estate requirements. Simultaneously, as businesses and communities were plunged into crisis, the pandemic caused us to confront the realities of the broader threats we face long term. We have seen efforts to address climate...
Despite London trailing the rest of the market where house price growth is concerned, £56.2bn worth of real estate has been sold across the capital since the start of last year. New research by international real estate experts, Astons, has revealed that London remains the dominant market where average house price is concerned, with the average price of a home...
A pioneering British aerial photography firm says its high-resolution image service is revolutionising housing sector enforcement of HMOs, beds in sheds and other private rented sector issues. Leicestershire firm Bluesky says its high-resolution 3D aerial modelling of the UK, which is snapped via super high-resolution cameras in planes, can help detect ‘beds in sheds’ and, once more councils are using...
New plans to extend emergency legislation in Scotland could include measures to prevent evictions. The current ban on the enforcement of eviction orders in Scotland has already been extended to 30th September to protect tenants from proceedings in areas subject to level 3 or 4 restrictions – although the country is now in either the lower level 1 or 2...
House prices are increasing at a staggering annual rate of up to 20.9% in the North West, driven by a high demand for semi-detached homes, according to the latest data released by e.surv. According to this morning's figures, the average price of a home in England and Wales stood at £343,658 in May - up 0.5% on the month and...
