FMB criticised for calling for tax breaks on unfinished houses – despite longer than ever build rates
The Federation of Master Builders (FMB) has been criticised for calling for partially unfinished properties to be exempt from Council Tax despite longer than ever completion rates. Brian Berry, Chief Exec of the FMB, said the tax was hindering Small and medium sized developers and contributing to the ongoing housing crisis. However the Local Government […]
New work for construction industry creeps up 0.2%
New work for the construction industry increased 0.2% in the last quarter of 2015 according to the Office for National Statistics. Despite the increase in new work, overall output decreased by 0.4% compared with Q3 in 2015, which is mostly due to a 1.4% downturn in repair and maintenance work. Of that 1.4% in new […]
East of England leads early spring price surge
Asking prices in the east of England have risen faster than any other region in the country over the last twelve months according to Home.co.uk’s latest asking price index. Asking prices are up 12.2% over the last twelve months in the east of England, meaning prices are rising faster there than in Greater London (12%) […]
Home ownership further out of reach as lifetime rent cost passes £50,000
Owning their own property is getting harder and harder for first time buyers, with the lifetime cost of rents set to increase by nearly £12,000 for those starting renting this year. The research published by the Association of Residential Letting Agents (ARLA) also says that the average first time buyer moving out of the family […]