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And the scary headlines begin! Sharp falls, slowdown, you name it we’ll hear lots of miserable headlines over the next few months, so it’s essential for agents and surveyors to start saying what’s actually happening in their area for different property types, not let these headlines frighten people into not doing a move they need. Read Kate's comprehensive analysis here.
And so it begins! The doom and gloom of the property market indices which are now starting to produce figures which suggest property prices are heading into reverse. I do find it interesting that much of this is being blamed on the mini budget, sure it didn’t help, but all the forecasters predicted a slowdown this year which has only just appeared. We have very short memories in the property market!
The leaseholder protections in the Building Safety Act 2022 (“the Act”) came into force on 28 June 2022, introducing new financial protections for leaseholders in buildings above 11 metres or five storeys where historical safety defects have been identified. The Act introduced ground-breaking reforms to give residents and homeowners more rights, powers, and protections. Read more here.
Where is the market going? This is the real question for now. Not will prices fall in 2023, but by how much? Read more to find out what's happening to the property market in your area now and what may happen in the future.
If you’ve been listening to politicians recently, you’ll have heard a lot of promises to stop new developments in the countryside. We need to build, they say, in our cities. Which does make sense in a lot of ways, because that’s where the shops, schools and buses are. The problem comes when you try to work out exactly where those new homes are going to squeeze in. There is, however, another source of plots for building. Read more to find out why we shouldn't be afraid to build on small sites.