Category Archives for Property

Planning reform the biggest obstacle for residential development – claim

The existing planning system is the biggest obstacle to residential development, according to national property consultancy Lambert Smith Hampton (LSH).

Its annual Residential Development Survey – which canvassed the views of housebuilders, developers, investors, professional services and public sector bodies – reveals that 68% identified the “challenging, time consuming and costly” system as the top issue facing the delivery of new homes. Continue reading

Will 2022 be the time to invest in property?

Another new year is approaching, but unlike the last, 2022 should arrive with significantly less uncertainty, especially for the property market. Not only did the initial stamp duty deadline present the possibility of a crash in property prices for 2021, but the ongoing Covid-19 uncertainty made for a bleak economic forecast. Continue reading

Record high – properties continue to sell over asking price

NAEA Propertymark has released its June Housing Report, revealing that properties are selling over their asking price at an all-time high. The reason for the inflated property prices is likely due to buyers rushing to meet the stamp duty deadline of June 30.

After the end of June, the threshold at which stamp duty begins in England and Northern Ireland fell to £250,000, with stamp duty set to return to the pre-pandemic level of £125,000 from October 1. First–time buyers still can buy homes costing up to £300,000 without incurring stamp duty from July 1 as exemptions pre-dating Covid still apply. Continue reading

Demand boom – Covid strengthens UK holiday accommodation market

The Covid-19 pandemic has had many adverse effects on businesses, but an industry that has benefited immensely from the pandemic is the UK holiday accommodation market. New research from building society, The Cumberland, shows a huge boost to the UK’s staycation market.

What the study shows New research from The Cumberland reveals 86% of holiday accommodation owners say they have invested in their business during the pandemic. A further 94% of holiday
accommodation owners say they have made a long-lasting, positive change. Continue reading

The electric vehicle revolution: How our homes are driving the green transition

Electric vehicles are driving the UK’s green transition, helping the nation on its journey towards sustainability and net zero emissions by 2050. To achieve this goal, the sale of new petrol and diesel cars will be banned after 2030, meaning that the future roads are guaranteed to look more electric.

But with the increase of electric vehicles comes the issue of charging. Of course, it makes sense that we should all be able to charge our cars at home. Nipping to the petrol station during the rush hour commute will be no more, as recharging will be done on our doorsteps. But do you have an electric vehicle charger at your home yet? The answer is most likely no. After all, we’ve not had much use for them up until now. Continue reading

Subsidence – would you know if your investment property had it?

Along with Japanese knotweed, it’s one of the issues that can have the biggest impact on a home’s value and ability to sell, but would you be able to spot subsidence?

You wouldn’t be alone if not, with new research suggesting that 4.4 million homeowners aren’t aware of how to spot it. The findings from LV= General Insurance (LV= GI) reveal that more than half of homeowners (51%) don’t know what the signs of subsidence are, which are crucial to prevent it from getting to a very bad stage. Continue reading