Government says it is increasing housing supply as record number of infrastructure projects are signed off
The government says it is increasing the supply of homes in England as it seeks to deliver on its promise of building 1.5m homes over the course of this Parliament. In figures published this week the Ministry of Housing, Communities and Local Government estimate over the last 12 months, 231,399 new homes have been delivered. […]
Properties closest to transport links command as much as £43,000 premium compared to those further away
Transport links are driving sizeable premiums on property prices, in some cases by as much as £43000, as home movers value property close to rail, underground and tram services in London, Manchester and Glasgow. Research conducted by Nationwide Building Society in the three cities suggests buyers are paying more for property closer to transport links. […]
Stress and a lack of suitable property putting off older home movers
The stress of moving and lack of suitable housing is putting older homeowners off moving home, potentially blocking second stepper homes for families looking to move up the property ladder. 1.2 million UK homeowners aged 55 and over have put plans to move on hold in the past two years, despite initially considering a move […]
Over-pricing ‘should worry industry’ as 62% of homes marked down
Over-pricing by estate agents is undermining public trust in the housing market and should worry the property industry, according to the co-founder of agent brokerage Avocado Property Partner Agents. With TwentyEA data revealing more than six in 10 homes were marked down during July and August, Ian Macbeth said the findings should act as a […]
From Victorian paperwork to digital dreams: modernising the UK’s antiquated housing market
We need to talk about the UK’s property market. Our transaction process feels like a remnant of a bygone era. Britain’s conveyancing system seems particularly labyrinthine and bureaucratic compared to other developed nations. One major issue is the time it takes. In the UK, the average period from making an offer to completing a purchase […]