In this month’s Property Surveying Newsletter … we look at a widow’s battle over the estate of her husband, consider the woes of the UK’s largest online estate agent and spare a thought for Santa …
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.
A High Court battle is underway between a widow and her daughter and two stepchildren, following the death of a renowned historian and expert on the Middle East. When he died in 2015, he left a six bedroom property in London, now valued at £3.5 million, as well as an art collection.
The failure to properly serve legal documents on behalf of landlords has left Purplebricks open to potential compensation claims. Since its set up in 2012, the company has failed to provide tenants with the legally required documents that explain how their deposit has been put into the national protection scheme.
A conveyancing firm with the ambition to ‘simplify moving’ has left property purchasers uninformed or abandoned. A cyber security incident has been blamed for property deals breaking down, leaving some of the company’s customers homeless, but its customers say the problems began long before any security breach.
A recent study has concluded that the rich have benefited most from the house price boom, in particular Londoners. Research by the Resolution Foundation and Abrdn Financial Fairness Trust has concluded that household wealth in the UK has increased substantially due to house price growth and the high number of homes in private ownership.
House prices rose across the UK in November, confounding predictions that the housing market would cool off over the winter period. A monthly rise of 0.9% meant annual house price rises reach 10% year on year, despite the stamp duty tax holiday ending in October.
As Secretary of State for Levelling Up, Housing and Communities and Minister for Intergovernmental Relations, Michael Gove is reviewing the issues he has inherited, including housing targets.
One of the pressures on local housing stock is the lack of incentive for people living in larger homes to move into a smaller property. This failure to downsize can be blamed on the difficulty, stress or cost of finding a suitable alternative but the log jam at the top of the market results in those at the bottom unable to vacate their smaller home.
And finally …
In case you missed it – A Christmas guide to different types of chimney and how they might stop you from receiving your Christmas presents
With Christmas just a couple of weeks away, families will soon find themselves searching for turkeys, fixing broken fairy lights and using endless amounts of sellotape to wrap endless amounts of gifts. But does anyone stop and spare a thought for Santa Claus?
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals
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