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The property industry has many facets with plenty of talking points and discussions. Here, we will report news relating to the property industry, with updates on legislation for landlords and tenants, the effect of the economy on the property market, factors relating to increase and decreases in property prices, advice from Monreal Shaw and general topics of discussion.

 

14th October 2016

The number of build to rent homes has increased, which is fantastic news because of the increased demand for rental properties, but a lot more is needed to meet the demands of a fast growing rental market.

10th October 2016

When renting a property, you must take care of it as if it were your own, even though you aren't the legal owner. Although it may seem obvious, there are certain things tenants need to make sure they keep on top of themselves. 

8th October 2016

A recent article in the IBTimes has raised the question; what's driving London property prices up?

20th June 2014

The media has been inundated with news of house prices slowing down recently, with research from plenty of sources citing some of the possible reasons why this is happening. Rightmove, RICS and Nationwide are amongst the companies that have conducted the research and they have all found similar findings

11th June 2014

The cooling-off period has doubled from 7 days to 14 days, but according to a leading trainer in the industry, not many agents know of this change.

Julien O'Dell further states that most agents were not even aware that there was a 7 day cooling-off period, which reinforces the fact that clients should be using agents who are a member of a redress scheme and are up-to-date with changes in legislation. 

The Property Ombudsman (TPO) has been approved by The Department for Communities and Local Government (DCLG) to provide a redress service to landlords and tenants, so all letting agents must be registered with a redress scheme. This legal obligation will come into effect towards the end of 2014.

There are many factors which have contributed to the increasing numberof investorsfrom China buying properties in the UK, with London being the main area in which they are interested in. Below is a list of reasons which could explain why this has been occuring:

There has been an increased amount of activity in the property market, with one of the reasons being that first time buyers   are now finally able to afford a home. House prices, not just in the capital, but across the UK have increased in November and the Office for National Statistics (ONS) has reported an increase of 5.4% in November compared to a year ago.

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