Slough and Manchester have the highest density of foreign property investors according to research by Search Acumen. Land Registry lists nearly 100,000 (99,345) freehold or leasehold titles across England and Wales as being owned by foreign-registered businesses, Read More
An overview of the activity that’s taking place within the residential property market. Keeping track of what’s happening with housing is important for conveyancers to build knowledge and plan developments within your practice. If you have conducted research or would like us to report on particular figures, please email press@todaysconveyancer.co.uk.
The number of new build homes approved in London rose in Q2 rose to 6,310, with 76% of new homes approved across the capital. Quarter on quarter, 46% more homes were approved. Westminster approved the highest proportion with Read More
The proportion of people able to buy their first house on their own is now less than a third of what is was twelve years ago. According to research by Simpson Millar Solicitors, just 9% now Read More
A third of couples who buy houses together with unequal contributions to the deposit will avoid getting any legal protection for their proportion of the asset as a whole, for fear of damaging the trust Read More
The vote to leave the European Union has hit the number of transactions by 8%, according to comparison site reallymoving.com However in some areas the number of transactions could be hit even harder, with London Read More
Home ownership rates are stable across England for the first time since 2003 according to the English Housing Survey for 2014/15. According to the report there were 14 million owner-occupiers in 2014/15, with 80% of those that applied for a Read More
The number of transactions worth more than £40,000 was 11% lower this June compared with June 2015, according to statistics released by HMRC. In total there were 102,010 house purchases, down from 114,770 in June 2015. However there are signs the Read More
An apparent lack of suitable housing is putting off half a million over 55s who would otherwise be moving according to a survey by YouGov – around 4% of the total population at that age. The survey Read More
Andy Sommerville, Director of Search Acumen, comments on the HMRC Number of Property Transactions, June. “The year on year deterioration in residential transaction figures in June, which today’s HMRC data shows, will not come Read More
HMRC transaction data reveals today the number of residential property transactions increased by 4.9% between May 2016 and June 2016. Greg Bryce, Managing Director at SearchFlow, comments: “The figures indicate a slight increase in the transaction level despite Read More
The price of the average house in the UK has risen to £211,230, a rise of 8.1% over the twelve months to May this year, and 1.1% from April into May. New build prices have risen dramatically, up Read More
Andy Sommerville, Director of Search Acumen, comments on the ONS/Land Registry House Price Index, May 2016 “UK average house prices increased by 8.1% in the year to May 2016, according to the latest House Price Index from Read More
Sam Cherry of Legal & Contingency shares his overview of Brexit and how the market has been reacting.Read More
Housebuilding dips further as report calls on Government to build
Private house building work dropped for a second successive month according to the Office for National Statistics Output in the construction industry dropped 3.5% in May compared with April for private house building. However private work Read More
New inquiries are down according for the majority of Surveyors with a net balance of 36 saying inquiries have dropped. Southern regions saw the biggest drop with that number rising to 58%. Anecdotal evidence has put it Read More
Leading house builder Barratt Homes have said they have taken “appropriate measures” to reduce risk following the vote for Brexit. The company’s value has dropped sharply since the vote, with their share price down 24.4% Read More
The number of mortgages taken out by first time buyers rose 16% year on year into May according to the Council for Mortgage Lenders. The 16% rise also means that first time buyers have taken out more Read More
The vast majority of home buyers want surveys on new properties according to a poll by YouGov. The survey also states that new homes are far less popular than older properties, with 49% preferring older properties Read More
Private renters should have the right to buy the homes they live in after three years in order to help address declining home ownership levels according to a report by think tank Civitas. The report Read More
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