In this month’s Property Surveying Newsletter … we discuss buying property with cryptocurrency, discover more about First Homes and look at the origins of surveying
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.
With its inherent anonymity, cryptocurrency is one way in which the UK’s anti-money laundering legislation can be bypassed and, as such, has been linked to organised crime.
In a new report to government, the Climate Change Committee has said that 570,000 new-build homes constructed since its last assessment in 2017 will need to be retrofitted to ensure they can stay cool.
The long-term impact of Covid is beginning to be felt by people hoping to buy their first house or move home, as some of the country’s biggest mortgage lenders choose to brand those in receipt of Covid-related grants as high risk.
As city-dwellers seek to move out of the capital towards a better life in the country, it seems that foreign investors are following suit. After three decades of investing in London, foreign property investment in being attracted to Britain’s regions.
To further boost home ownership in areas where, traditionally, fewer people have been able to buy into the housing market, the government’s new ‘First Homes’ scheme is being trialled for first-time buyers.
With a limited number of houses available on the housing market, the speed at which many properties are selling has prompted concerns over whether home buyers are putting enough thought into home buying.
The UK’s largest new home builder has reported revenues of £1.84 billion for the first six months of 2021, higher than its previous record announced before the pandemic.
And finally …
Surveying is among the oldest professions, and dates back around at least 3,000 years to the ancient Egyptians, whose pyramids still stand today.
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals
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