RICS: Budget will be a ‘turning point in either direction’
Chancellor Rachel Reeves’ Budget announcement in two weeks’ time is likely to be a ‘turning point in either direction’. That is according to Tarrant Parsons, RICS head of market research…
National planning decisions to be given less weight than first thought
National and local policies will be given equal power when deciding whether developments are given the go-ahead, rather than local decision-makers being overruled. National Development Management Policies are upcoming government…
Millionaires are leaving the UK in droves
The UK has seen the sharpest annual decline in its millionaire population of any country, analysis from international property consultancy, Astons, has revealed. The UK has lost 14.3% of its…
Lender competition pushing low deposit mortgage rates down
The cost of mortgages at 90% and 95% loan-to-value has fallen to its lowest point in over three years, the Moneyfacts’ UK Mortgages Trends Treasury Report has found. Typical 2-year…
Prime London sales market falling off a cliff prior to Autumn Budget
Nearly 40% fewer properties are changing hands than a year ago, highlighting how the upcoming Autumn Budget has significantly dampened activity at the top end of the market. There were…
Wandsworth taking hands-on approach to landlord licensing
Wandsworth Council has carried out 110 inspections and served 40 notices to landlords since launching its licensing schemes in July. The London council has received over 3,400 license applications, including…
Government urged to launch UK Investor Visa
Campaign group Foreign Investors for Britain (FIFB) is calling for the launch of an investor visa for the UK. FIFB estimates that an investor visa would raise £225 billion over…
Rightmove integrates AI tools – PropertyWire
The property platform Rightmove has started integrating artificial intelligence tools to help agents reach more customers. There are four developments, two of which are customer-facing and two agent-facing. For customers…
Loss of demand ‘to blame’ for slow housebuilding
The main reason the government is missing the 1.5 million housebuilding target is a lack of demand, rather than the root cause being a lack of workers. That is according…
166 homes planned for Shropshire town
Plans have been submitted for a development of 166 homes on the edge of Newport, Shropshire. The development would comprise 108 homes for private sale, including a range of two…