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Property470High-end homebuyers ditch flats for detached homes in lifestyle 360
High-end home buyers are opting for bigger homes in the wake of the Coronavirus pandemic and paying more for them, while transactions and the price paid for flats has fallen. The latest research by high-net-worth (HNW) mortgage broker Enness Global,...
By Ben Brown -
Property729Landlords discriminate against tenants on benefits
London landlords are still discriminating against tenants on benefits, despite a court ruling last month that said blanket bans were illegal, BBC analysis has revealed. On one letting site, just 14 per cent of over 1,700 properties in the capital took benefits claimants. And...
By Jessie Mathewson -
Property690Do estate agents charge too much? Global commissions revealed
The latest research by property recruitment firm Rayner Personnel has revealed that despite the stick UK estate agents receive for their high commission fees, they actually rank mid-table when compared to other prominent property selling nations. Rayner Personnel looked at the average agent commission fee...
By Ben Brown -
Property864Property transaction fall throughs cost home sellers £607.5m a year
Reducing the rate of property transaction fall throughs by 10% a year could save UK home sellers as much as £60.750m a year. Gazumping, broken chains and problems with mortgage approval are just some of the main factors that can cause a property sale to...
By Ben Brown -
Property1020One in 12 London renters behind on rent payments
One in 12 London tenants has fallen behind on their rent during the coronavirus pandemic, a new survey suggests. Some 30% of residents in the capital – more than 2 million people – rent their homes. And 180,000 have built up arrears during...
By Jessie Mathewson -
Property867Hong Kong immigration set to hit outer London property market
Increased immigration from Hong Kong to Britain could affect the London property market “as much as stamp duty changes”, according to an expert. The UK is set to welcome many more residents from the island terrirtory, after China imposed a tough new security...
By Jessie Mathewson -
Property1262Bleak winter ahead for tenants in ‘vulnerable London’
London must prepare for a “very bleak winter” for private renters – with homelessness likely to rise, experts have warned. Some 30% of Londoners are private tenants, some 2.7 million people, according to property company CBRE group. And many renters are now vulnerable with incomes...
By Jessie Mathewson -
Property846To furnish or not to furnish – tenant demand highest for unfurnished homes
Research has revealed that across the UK’s major cities, tenant demand is highest for homes that come unfurnished. Howsy compared the level of stock already snapped up by tenants as a proportion of all stock listed to see which was most in-demand when it came to...
By Ben Brown -
Property1129It’s taking on average 144 days to sell a house in 2020
The time it takes to sell a property has increased by 14% compared to last year. With an average time of 144 days or nearly five months, from listing to completing, homebuyers looking to take advantage of the recently announced stamp duty holiday need to...
By Ben Brown -
Property1349Mayor wants triple-lock to prevent mass “tsunami” of homelessness
London faces an “impending tsunami of evictions” if the Government does not protect private renters in the wake of Covid-19 lockdown, Sadiq Khan has warned. The Mayor wrote to Housing Secretary Robert Jenrick accusing ministers of having “no robust plans” to prevent mass...
By Jessie Mathewson