Property News

Following the introduction of the Tenant Fee Bill in England (June) and Wales (September), future editions of the survey should show a significant reduction in problems relating to charges and deposits.
39,364 new homes were registered to be built across the UK in Q3 2019. This is 4,000 fewer (the equivalent of a 9% fall) on the same period in 2018, albeit that was a record high. The National House Building Council report private sector registrations fell 16% year on year, while there was an 11% increase in the affordable and rental sector. The latter accounted for 29% of all new build...
The number of properties let part or fully furnished across England and Wales is increasing, accounting for 31% of properties let over the past year, up 3% year on year. The proportion of apartments let furnished remains over twice that of houses. The proportion of properties let furnished has increased in all regions of England and Wales, except for Yorkshire and the Humber, which has...
There were 14,794 homes sold across England and Wales in the past 12 months priced at £1 million or more. This equates to just 1.7% of all sales, and just under £26 billion in value. As in previous years, the tally of properties selling at or above the £1 million threshold was greatest in London, where over half (59%) of all £1m+ homes sold in the past year. This...
  According to the RICS (Royal Institution of Chartered Surveyors) Residential Market Survey, tenant demand is the highest it has been since the end of 2016. However, landlord instructions have fallen once again following a continuous decline since July 2016. A number of estate agents have noted landlords disposing of their properties owing to punitive regulations, with...

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