Labour Plan To Trigger Compulsory Purchases Through Amended Right To Buy
Whilst the Government’s silence in regards to property sector changes has created a lethargic property market, Labour’s plans to force landlords to sell their homes to tenants in an updated Right to Buy scheme is causing outrage in the privately rented sector (PRS). Earlier this week, Shadow Chancellor, John McDonell, released plans to resurrect the […]
New Rules Mean Councils Must Publish Infrastructure Levy Spending
Details on how councils spend developers’ money will be open to public scrutiny due to new UK Government regulations. The Community Infrastructure Levy is a charge which can be levied by local authorities on new developments in their area. It means that developers building new housing also have to pay up for roads, schools, GP […]
No-Deal Scenario Could Force House Prices To Fall 7%
Leaving the EU without a viable and agreed Brexit deal at the end of October could cause house prices to fall by more than 5%. A no-deal scenario could trigger prices to decrease between 5.4% and 7.5% on average, according to accountancy specialists KPMG. Speculation regarding a no-deal scenario has gained momentum in recent weeks […]