Second Homes pilot extended as progress from local authority revealed
Jayne Bryant MS, The Welsh Cabinet Secretary for Housing and Local Government has outlined the progress of the controversial Second Homes Pilot Scheme in the Dwyfor areas and expansion plans that 21 other local authorities will charge a council tax premium on second homes and long-term empty properties from April 2025.The Scheme looks to implement higher tax rates for second homes and holiday lets and introduce grants for first-time buyers to renovate empty homes.
Fundamental interventions needed to correct housebuilding
The Competition and Markets Authority (CMA) has published a report on housebuilding and found the dominance of speculative private development paired with complex, unpredictable planning rules is the major cause of the long-term shortfall of new homes in the UK.
99% mortgages risk inflating house prices unless supply is addressed
Reports, originating in The Independent newspaper, that the UK Government is considering a 1% deposit mortgage scheme as part of the March 2024 Budget may feel like a solution for those struggling to get their foot on the housing ladder. But the housing sector is sounding a note of caution about the potential impact on prices if more stock is not made available.
Local Government and Housing Committee inquiry into second homes
The Welsh Government have embarked on a three-pronged approach to tackle what many are calling a ‘second homes crisis’ in some areas across Wales.
Local estate agents vs property portals
In episode 2 of series 6 of the Move iQ podcast, Phil Spencer chats to Propertymark CEO, Nathan Emerson about how relevant local estate agents are in securing a successful sale or purchase.
Homes England reviews objectives ahead of Levelling Up paper
The purpose of Homes England was outlined in the Commons Housing, Communities and Local Government Committee session on 15 November 2021 where it uncovered important aspects of the workings of the department and actions taken to deliver UK Government policy on housing.
Nervous sellers encouraged to benefit from strong market
Housing stock has seen a 40 per cent decline since January 2021, according to figures released by Propertymark, despite strong seller’s market.
House prices continue to rise as buyers outweigh sellers 19 to one
A combination of the Stamp Duty Tax holiday, which transitioned to a new phase at the end of June, as well as a nationwide shift in lifestyle needs during the pandemic bred record-breaking sales.
Welsh Government unveils 'ambitious' plan to tackle second home crisis
The new ‘three-pronged approach’ focuses on affordability and availability of housing, which includes plans for a pilot area, where new measures will be trialled and evaluated before a wider rollout.
Welsh locals being priced out of property market
On 16 June, the Welsh Government debated the housing crisis facing locals and Siân Gwenllian MS began the debate by introducing several housing issues that were echoed by other MSs in the Chamber.
Record breaking activity in regional markets across the UK
Market activity continues to grow and the appetite from prospective buyers is such that many properties are not being listed on the property portals, as agents focus on fulfilling Consumer Protection Regulations, completing Property Information Questionnaires, and marketing properties to those proceedable buyers, already registered with the agency.
Housing market continues to show strong levels of activity
Housing markets are flourishing, with many experiencing high levels of demand and houses being sold on a best and final offer basis in much of the UK. Following the UK Government budget at the start of March, the latest figures for England continue to show growth.
Assured Advice 26: Advertising property prices
Warwickshire County Council Trading Standards Service has issued some advice around advertising property prices.
Bricks Campaign
We commissioned Centre for Economics and Business Research (Cebr) to investigate the shortage of brick supply which has been a contributing factor in rising house prices over the past decade. This report goes into detail as growing demand continues to outstrip the availability of housing.
Brexit and the Property Market
Before the EU referendum vote on 23 June 2016, we commissioned Centre for Economics and Business Research (Cebr) to look at what a ‘Brexit’ or a ‘Bremain’ result would have on the UK property market.
Housing 2025
Rents are set to sky-rocket, and buying a house is getting further out of reach for many, according this report published in 2015 predicting the state of the property market in 2025.