Does commuting save you money?

With the average house price in London’s Zone 1 and 2 currently at over £640k, it can make sense to live a little further away and have a cheaper property. Of course, the rail fare will cost you quite a bit, and there’s the travelling time to take into account, but will that add to your quality of life or detract from it?…
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The estate agent who ‘forgot’ to mention murder, the bodies in the garden and other outrageous complaints…

When the housing market starts to boom, buyers’ and sellers’ activity soars. One side wants their property to sell for the highest price and the other want to grab a bargain. In this frenzy, the estate agents try to keep both sides happy. However, in their desperation to get a sale or exploit a property, things can go very wrong. Bodies, ghosts and seagulls all feature in this tale of house buying woe…
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In case you missed it…..

Woman moves house 56 times in 13 years

For many, moving house is a stressful ordeal to be avoided wherever possible. The average Brit opts to move house a total of around 8 times in his or her lifetime but for one woman, stress is evidently no obstacle as she’s racked up 56 house moves in just 13 years.

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Tax position for fixtures in commercial buildings – rules changed on 1st April 2014 could seriously impact commercial property owners

Purchasers of commercial buildings such as a factory or offices must jointly elect to fix the value of the fixtures in the contract to be able to claim any capital allowances on those fixtures.
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New proposals made by the Bank of England aim to prevent housing boom

Proposals made by the Bank of England, including a cap of 15% on the number of mortgages that lenders can give to people who want more than 4.5 times their salary, are being recommended to prevent another housing crisis…

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Local Authorities Escape Hefty Resource Drain as Court of Appeal rules on Homelessness

The Court of Appeal have provided an important ruling in the case referenced above, in which the appellant applied for protection under Part VII of the Housing Act 1996 as homeless and was granted it, without priority status. When appealing the priority aspect, Hackney declared that the appellant was no longer homeless – a decision which she has taken all the way to the Court of Appeal…

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The Property Market Monthly Fact File – July 2014

The property market fact file is a collection of data compiled each month by our Chartered Surveyors and the propertysurveying.co.uk team; collating survey data, statistics, trends and information from the property market. This aims to provide a single place where anyone with an interest in UK property can find the information they need.

To read the monthly fact file, click here.

A Tale of Two Countries

There has been much publicity over the last month regarding the state of the booming Luton Bedfordshirehousing market. When closely analysed, however, the housing market itself has seen remarkable internal differences; with mild to modest increases in the vast majority of the country and the affluent South East surging ahead. The differences are sufficiently pronounced almost to suggest a tale of two different countries, rather than different areas within the same economy. What then can be done to rebalance this differential and bring the two halves of a broken country back into a single whole?

To read the whole article, click here.