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In
this month's edition ... we look at jargon-busting property
surveys, discuss a new affordability test that will free thousands
from high interest mortgages and discover castles for sale in Devizes and TurkeyThe property market fact file is a collection of data compiled each month by our Chartered Surveyors and the propertysurveying.co.uk
team, reflecting survey data, statistics, trends and information from
the property market. This provides a single place where anyone with an
interest in UK property can find the information they need.
Three
major property development schemes are being investigated for suspected
fraud after a series of failed contracts and developers. Investors from
the UK and overseas are set to lose millions after paying up front for
flats on the failed developments.
Think
a new property costs enough without the financial extravagance of
appointing a Chartered Surveyor? We demystify house surveys, which are
a necessary part of the home buying process as the Royal Institution of
Chartered Surveyors works to simplify the current Homebuyers Report.
Contrary
to view of the Royal Institution of Chartered Surveyor and other
property professionals, the estate agent association says the UK's
housing market is not suffering as a result of Brexit uncertainty.
The
Financial Conduct Authority has announced a long-awaited change of
rules that will help free thousands of homeowners from high interest
mortgage rates to which they have been committed for years.
A
specialist UK 'inventory services' provider is backing an MOT-style
report on rental property to safeguard tenants of private landlords,
following recommendations in a review of the Private Rental Sector
published in September 2018.
A
recent survey has found that four in ten first time property buyers who
took out a mortgage in 2017 will still be making repayments after
retirement. Financial regulators warn that this will have a massive
impact on an aging population - and their pensions.
Lavanda
is launching a new short-term rental App in a bid to eradicate tenancy
breaches caused by sub-letting rental property. The App aims to benefit
both landlord and tenant, by allowing tenant to sub-let their home,
when they're away or low on funds, while paying a percentage of the
income generated to the owner of the property.
Those
of us who aren't minded to remove all semblance of personal home
comforts and possessions from our houses and workplaces, in the name of
tidiness, rejoice - we can keep the things that 'spark joy'!
Data
on tenants in the private rental sector shows that nearly a quarter
have been asked to leave their homes because their landlord is selling
the property. But does this make sense, when four out of five people
say they don't mind who their landlord is, as long as their home and
tenancy agreement stayed the same.
The
'Goldfinger of Hastings' angers locals by buying second historic pier
that they had hoped to crowdfund for the community and then closing the
gates. (pictured: neighbouring Eastbourne Pier in East Sussex, in a less ostentatious era)
The
historic market town of Devizes has a long and colourful Medieval past.
Over 500 listed buildings and a central marketplace sit beneath
spectacular nine-bedroom Devizes Castle, which is being marketed for
£2.5 million.
And finally (if Wiltshire isn't for you) ...A
bizarre development of 732 identical mock French chateau villas lies
unfinished and unoccupied amidst attractive mountains and forests in
Turkey. The developers say that only a further 100 sales of the circa
$400k properties would pay off the company's debts, which would enable
the development to continue.
Written by Independent Chartered Surveyors
of the UK wide network of Property ProfessionalsThis
newsletter is a free service by PropertySurveying.co.uk for
those with an interest in the UK Property Market. As well as being
posted online here, it is emailed direct to our subscribers all
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The next newsletter will be published in March 2019. Email us at: office@propertysurveying.co.uk © PropertySurveying.co.uk |
