EYE NEWS UPDATE: LSL posts strong full-year results

Today’s decision to hold Bank Rate gives the housing market another period of stability Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

When we see reports on the housing market, we often just look at year-on-year property price comparisons. But when you think about it, that just doesn’t work for buyers and sellers and that’s because many people today stay in their homes for around 20 years. If we look back over the past two decades, property…

Downsizers are abandoning their plans to move after finding they can’t locate a suitable new home. More than a third of potential sellers in the 55+ age group say they want a bungalow, but are unable to find one, according to the HomeOwners Alliance. Just 1% Only 1% of new homes are bungalows as developers…

Landlords and agents who manage HMOs can face civil penalties of up to £50,000 and prison sentences of up to five years for fly-tipping and waste disposal rule breaches, warns waste disposal expert Graham Matthews (pictured) of BusinessWaste.co.uk. The warning comes just as thousands of students move into HMO accommodation this month, with councils bracing…

More than 21,000 potential property owners who could be forced to sell in the near future have been identified by EXP. The self-employed agent network says there is a “growing pool of off-market property opportunities” in England and Wales. Signs of pressure Many of the vendors are “showing signs of pressure to sell”, EXP says,…

Inflation fell to a 10-month low in January, prompting traders to raise expectations that the Bank of England could cut the base rate at its next meeting on 19 March. The Consumer Prices Index dropped to 3% from 3.4% in December, according to the Office for National Statistics, which is its lowest level since March…