Propertymark has warned the London Assembly Housing Committee that the scale and complexity of London’s lettings market is such that, without careful implementation, clear guidance and consistent enforcement, the Renters’ Rights Act risks causing serious disruption. In its written evidence, the industry body says that London’s private rented sector operates at a scale unmatched elsewhere…
Homeowners would want to release an average of £108,516 from their property to make downsizing worthwhile, new research has revealed. A report from Barclays, based on a survey among 2,000 people, found that a quarter of homeowners are open to downsizing. But seven in 10 cite financial risks and upfront costs as barriers to making…
Property management giant FirstPort is again in the firing line with Housing Minister Matthew Pennycook (main picture) saying he is not satisfied with the firm’s response to complaints. Martin King, MD, FirstPort Pennycook met with FirstPort MD Martin King recently to discuss MPs’ concerns, and said afterwards he was unconvinced by the answers he received….
Bank lending to small and medium-sized property firms has fallen 14% in the last five years, new data reveals. The overall loans total fell to £186billion in March, down from £216billion in March 2021, according to new research from Karis Capital, a specialist real estate debt and insurance advisory firm. Less willing Nicholas Christofi, CEO…
House price growth slowed in July as people avoided moving home amid high mortgage rates and concerns about future tax hikes. The figures from Nationwide Building Society show that the average price of a home in Britain currently stands at £277,542, up 1.8% on a year ago. Annual growth slowed compared to June, when property…
The post Save Affordable Housing, Save the World appeared first on Think Realty. In today’s real estate landscape, affordable housing stands out as both a social responsibility and a solid financial opportunity. As home prices continue to rise faster than incomes, the need for affordable homes—those priced so low- to moderate-income families can afford them…
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