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In this month’s edition … we look at the number of housing transactions dependent on parents, highlight the pitfalls of selling a home with an agricultural tie, discuss the numbers lining up for social housing, and discover how painting your home can make you happy
The Property Market Monthly Fact File
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.
Legal article -Â Conjoined Appeal in Court of Appeal on Fraudulent Sale of Properties:
P&P Property Ltd v Owen White & Catlin LLP; Dreamvar (UK) Limited v Mishcon de Reya
An Important ruling by the Court of Appeal regarding the question of responsibility for Estate Agents and Solicitors / Conveyancers for both vendors and purchasers and following fraudulent sales of property. Both rulings were overturned, thus setting a new precedent.
£1.2 million house freed from its agricultural tie
An enormous five bedroomed modern and contemporary mansion home that was permitted on condition of agricultural occupancy has been freed from its agricultural tie – just twelve years after being built.
Landlords accuse retailers of abusing CVA system
As the restaurant group, Prezzo, slips legitimately away from a 25-year rent commitment after just two years, landlords are questioning the use of CVAs and their ongoing effect on property investors.
Despite a Housing Market slowdown, it’s not all doom and gloom!
We no longer move as frequently as we did thirty years ago. But that doesn’t mean it’s all doom and gloom for first time buyers.
25% of housing transactions dependent on ‘BOMAD’ (the equivalent of £5.7 billion in mortgages in 2018)
Home buyers are increasingly being influenced by their family and social background, as research by a major financial services group shows that over 300,000 house purchases will take place in 2018 with the financial assistance of the ‘Bank of Mum and Dad’.
1.15 million households waiting for social housing
Social housing replacement is now so slow that most people on waiting lists now have to wait for over a year – but a quarter of households are still on the list after five years, and some for very much longer.
Thinking of buying a home without a front garden?
A 92 year old home owner and ‘public nuisance’ has been warned not to interfere with the Parish Council land in front of the home she has lived in for half a century.
New Welsh law bans landlord letting fees
Private landlord rents set to rise as Welsh landlords and letting agents are banned from charging their tenants fees – except those relating directly to tenancy deposits, tenancy breaches and rent.
Tired of losing sleep every time the teenager sneaks home after midnight? How to fix a squeaky floorboard
Father Christmas and the Tooth Fairy finding it difficult to do their jobs in your home? Creaking floorboards can often be remedied with less effort than you might think.
11-year old boy’s Camelot-style, fairytale castle
The dreams of an 11-year old boy have come true as, many years later, he secures funding to begin the restoration of a 19th Century castle in North Wales, after years of misfortune and neglect.
And finally …
Painting your house makes you happy (and richer)
We look at how painting the outside of your home in bright and vibrant colours can add cheer to your life … and add a few pounds to the value of your home – or give your neighbours cause for complaint.
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals
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