Property news

Hidden Problems That Can Derail Your Extension Plans

Home extensions often seem straightforward at first glance. Plans are drawn up, materials are costed, and timelines are agreed upon. Then, the work begins, and so do the surprises.

Unexpected problems can stall progress or inflate budgets. Some are minor, but others carry serious safety, legal or financial consequences. Many issues lie hidden until demolition or excavation work starts. Others...

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Keep up-to-date with the latest property news in the UK.

HMRC clamps down on undeclared rental income

Since the government launched its Let Property Campaign in 2013 – an initiative which allows landlords to declare unpaid tax in return for a discounted penalty - more than 58,000 disclosures have been made to the authority and approximately £250 million has been recovered in unpaid taxes.

Despite this success, HMRC has been intensifying its efforts to track down landlords with...

Corner shops and supermarkets running the risk of £2bn penalty for facilitating under age drinking

The latest research by digital identity specialists, ID Crypt Global , has revealed that the nation’s corner shops and supermarkets are running the risk of £2bn in penalty fines due to the sheer volume of under 18s purchasing alcohol on a yearly basis, with a further £1.6bn as a result of tobacco sales to underage children.

A recent NHS study found that 37% of school children admit...

Agents still selling up to 1/5 of stock every month

The latest gauge of property market performance by estate agent comparison site, GetAgent.co.uk , has revealed which postcodes are home to the most impressive estate agents, when it comes to the percentage turnover of homes on their books.

GetAgent analysed a three month rolling average of registered property transactions, per month, and what this level of market activity equates to...

Property expert predicts rental surges will now slow as cost of living leads to boost in housing stock.

Rent rises could finally be set to slow down because more housing stock is becoming available due to the cost of living crisis, a property expert has warned.

A report last week revealed rents are outstripping inflation in more than a quarter of Britain's local authority areas.

According to Zoopla, prices have rocketed by at least 10.1pc in 102 council districts as tenants...

New innings for Elford buyers as Elan offers Interiors inspiration

Buyers looking for a new home in Elford are sure to be bowled over by a new show home with a bedroom inspired by the nearby cricket club.

Featuring just 25 homes, Seven Acres is an intimate development from Elan Homes.

Initially the properties were sold off plan, but a professionally styled and fully furnished show home is now open to offer buyers an insight into the quality...

‘F’ is for family – and a first home in Dunkinfield

IT may also stand for fairway, but for Viju Vastrad and her husband Vaghish Salimath ‘F’ stands for family and first home, after they moved to Greenside View, overlooking Dukinfield Golf Club in Tameside.

It marks an end to years of renting – and the start of a bright new future for the couple, who are also looking forward to the birth of their first child.

Viju, 33, a web...

Commercial real estate sector forecast to dip following post-pandemic boost

The latest research by Alliance Fund , the end to end real estate fund, estimates that the UK’s commercial property sector will see transaction levels dip by a fifth this year, following initial signs of a revival in 2021 following the pandemic.

Alliance Fund analysed historic data on the volume and value of transactions, as well as the average yield offered by commercial real estate...

Convenience store sector hits £47bn in revenue - but concerns of ID check failures also growing

The latest research by digital identity specialists, ID Crypt Global , has revealed that the UK convenience store market has increased by almost 4.1% in size in 2022, generating revenues to the tune of £47bn. However, it’s estimated that 37% of businesses are failing on ID checks, with the growth of the sector suggesting more minors are able to purchase items such as tobacco and alcohol...

Buy-to-lets in high demand areas cost up to 7.7% more on average - but are they worth it in the long run?

The latest market analysis by mortgage experts, Revolution Brokers , has revealed that landlords looking to reduce void periods by investing in a buy-to-let within an area of high rental demand will pay an average of 6.2% more for the pleasure.

Revolution Brokers analysed data on the average price for a buy-to-let investment across the market in England and how this differs between...

Property market grinding to a halt as transaction levels fall by almost a quarter

The latest research by property purchasing specialist, House Buyer Bureau , has revealed that the UK property market is grinding to a halt, with the average level of monthly transaction over the last six months falling by almost a quarter compared to the previous six months - although in some areas this decline is as high as 43%.

House Buyer Bureau analysed sales volume data from the...

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