Tag: Mark Hayward

The number of sales to first-time buyers stayed the same at 26%.

Housing demand has grown since July 2018, with the number of properties available per member branch increasing to 41 in July.

And sales to first-time buyers overall are down by 6% on a year-on-year basis.

The Ministry for Housing, Communities and Local Government (MHCLG) released the final report the final report from the Regulation of Property Agents (ROPA) working group.

James Brokenshire MP (pictured) confirmed plans to abolish the selling of new houses as leasehold properties and reduce ground rents for new leases to zero.

It’s ‘Leasehold: A Life Sentence?’ report showed more than a third (36%) of leasehold house owners said they wouldn’t be able to afford to live in their home if their ground rent was to increase.

The number sales agreed per estate agency branch rose from an average of seven in March to eight in April.

The CMA said it will examine whether the most onerous leasehold terms, such as permission fees and doubling ground rents, might constitute ‘unfair terms’ as legally defined.

Some 98% of homeowners have made improvements to their properties over the last five years. The most popular changes are redecorating (72%) adding new flooring (42%) landscaping the garden (40%), and a bathroom refresh (34%).

More than 40 property developers and freeholders, including Taylor Wimpey and Barratt Homes, have signed the government-backed pledge, which commits them to doing away with onerous ‘doubling clauses’ that can result in ground rents soaring exponentially over a short period of time.