RICS: 8% increase in new listings
Spring has reportedly sprung in the UK property market with the latest RICS Residential Market Survey showing the number of new homes listed for sale has risen for the first time in twelve months, despite ongoing caution over the rising cost of living and higher interest rates. In March, +8% of respondents reported a rise […]
UK HPI: prices continue to climb
HM Land Registry’s monthly price index for February reveals average house prices have increased 0.5% since January 2022. Annually an increase of 10.9% has been tracked, valuing the average property in the UK at £276,755. In England, February data shows that on average, house prices have risen by 0.9% since January 2022. The annual price […]
“Red flag”: downvaluations on the rise, say lenders
An increasing number of mortgage lenders are downvaluing their mortgage offers, a sign that the rampant housing market may be taking a turn. Homebuyers are being left struggling to pay the full price of the property’s they’ve agreed to purchase as more and more lenders are finding the value of a property to be lower […]
Property market stabilises as supply pressures ease
Landmark Information Group analyses residential property data from Q1 2022 in England and Wales Landmark Information Group’s latest market data shows the housing market is bouncing back to 2019 levels, following a year of disruption and transaction bottlenecks. The newly released Q1 Property Trends Report paints a positive picture for home-movers as supply pressures ease, […]
36 developers sign legally binding pledge to fix cladding
The government has committed 36 developers to sign a legally binding pledge to remediate the unsafe cladding used on any buildings over 11 metres that they have been involved with over the last 30 years. Developers have committed a minimum of £2 billion to fix their own buildings. Industry will also pay up to a […]
Diary of a high street conveyancer; 18th April 2022
I enjoyed watching the last two series of The Split on BBC1; so much so that I have binge watched the last two series and the latest series over the Easter weekend. Hooray for iPlayer!! And for those of us solicitors who have been watching it , no doubt we have been channelling our inner […]
