HBF warns OBR new homes targets are too optimistic, with many sites ‘unviable’
The Office for Budget Responsibility’s (OBR) forecast of 1.5 million homes being built by the end of the decade are too optimistic, the Home Builders Federation (HBF) has said, with increased costs making many sites unviable. In March, the OBR said planning reforms would bring housebuilding to its highest level in 40 years, and the […]
Sellers made average gains of £72,000 over last 18 months, Zoopla finds
New research from Zoopla reveals people selling homes in England and Wales over the last 18 months made an average gain of £72,000, representing a 38% increase on the purchase price. The average time between buying and selling a property was nine years. London sellers walked away with the largest profits, with an average gain […]
Two salaries won’t be enough to get on the property ladder, Twenty7tec warns
An analysis by mortgage data and technology firm Twenty7tec suggests first-time buyers are being priced out of the market, even when average earnings are combined in double-income households. More than half of first-time buyers (59%) earn less than a combined total of £60,000, the analysis finds – well below the amount required to a secure […]
TA6: The calm after the storm
When the Law Society introduced the 5th edition of the TA6 Property Information Form, it was presented as a step towards greater transparency, efficiency and even business opportunities. It became one of the most contentious topics in recent conveyancing history. The timing and intention were understandable. Material Information had been debated by conveyancing industry bodies […]