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In this month’s Property Surveying Newsletter … we look at reaction to the government’s report on leasehold reform, find out how to make money from property without owning it and look at how to get the most from photographing your home
The 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.
The government has published its response to the Housing, Communities and Local Government Select Committee report on Leasehold Reform. It seems that no action will be taken against those conveyancing solicitors proved to have a direct relationship to developers, often receiving incentives for their trouble. However, the committee has called for a ban on financial incentives to encourage an independent and reliable legal service, saying there was no place for ‘coercion or deceptive practices within a modern housing market’.
A Chartered Surveyor acts for the buyer of a property and gives an honest professional opinion on the condition of the property. It is not the job of a Chartered Surveyor to provide a glowing building survey report that will encourage you to buy a property, nor is it their mission to ruin a property purchase by causing alarm or despondency.
There is clearly something very wrong with the current housing system if individuals can earn sufficient income from properties that they don’t even own that they can give up paid employment. Rent-to-rent is now a thing.
Two years after the 2017 Grenfell Tower tragedy, in which 72 people tragically died, there are still hundreds of buildings with dangerous aluminium composite material (ACM) cladding attached.
New research has found that more first-time buyers are choosing to bypass flats and choosing to move straight into houses, resulting in a fall in the asking price of apartments.
Four Berkshire estate agents, with branches across the country, stand accused by the Competition and Markets Authority (CMA) of forming a ‘price fixing cartel’, exchanging information and fixing commission for their own financial gain.
We step back in time to 1918, when committee of experts was asked by the government to create a blueprint for housing for the working class … prefab housing was about to arrive in Britain.
Swedish firm, Ikea, is set to build on its empire after being given the go-ahead to build 162 flats in the UK in a joint venture between Ikea and construction firm, Skanska. The company specialises in factory-built homes that can be constructed at low cost.
Thirteen brand new homes created from converted shipping containers are set to be introduced later this year as a temporary housing solution for homeless families in Wales.
May’s house price inflation fell to 1.2%, well below the government’s target of 2%, and potentially leading to cheaper property prices in many areas. We discuss where you might start looking for a property bargain.
And finally …
We’re all familiar with the types of magazine or Instagram photos that make other people’s houses look attractive and spacious. We look at ways to achieve picture-perfect photos of your home.
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals
The Property Surveying 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 across the country.
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