New legislation introduced as part of Labour’s Renters’ Rights Bill seeks to curb excessive demands on tenants by landlords. Under the new rules, landlords are prohibited from requesting more than one month’s rent in advance. Those found violating this policy could face fines of up to £5,000. This move is aimed at addressing long-standing inequalities … Read more
In her first address as Chancellor, Rachel Reeves firmly stated her commitment to tackling the UK’s housing crisis, despite potential opposition from ‘nimbys’—those who resist new housing developments in their local areas. “It will be up to local communities to decide where the housing is built, but it has to be built. If the answer … Read more
UK house prices are poised to defy earlier predictions of a decline in 2024 as mortgage pricing competition and Bank of England interest rate reductions reinvigorate the property market. Following a year marked by continuous price decreases in 2023, the forecast for UK house prices now anticipates a 3 per cent increase in 2024. This … Read more
The average asking price for homes experienced a notable decline of £7,000 in December, signalling a potential shift in the dynamics of the property landscape. This dip comes amidst a backdrop of economic uncertainties, changing buyer preferences, and the ongoing impact of global events on the real estate sector. Anticipating further declines in 2024, there … Read more
