In March 2024 there was a lot of movement on the ladder as the effective interest rate decreased by 17 basis points, to 4.73%. 61,300 moved on it, up 800 on Feb 24, making it the highest number of net approvals since Sep 2022. While others stepped off; net approvals for…

The Office for Local Gov council data:
🏆Worst local authority in Eng: Nottingham
🏆Best local authority in Eng: Torridge
6 local authorities— bankrupt
50 now owe at least 10x their core budget
34 are spending more than £1 in every £3 they receive in tax & gov grants on interest…

Landlords are testing tenants affordability limits causing the RATE of rental growth to SLOW but the AMOUNT paid, to still GROW. Only where thresholds have been breached are prices retreating, this is found in 30% of larger homes⁩ ⁦⁦⁦⁦ theguardian.com/money/2024/apr…

If you haven’t listened, you must. Devastating investigation by The News Agents on Britain’s hidden homeless children podcasts.apple.com/gb/podcast/the…

NIMBYism wastes time & taxpayers money - the share of rejected applicants over turned increased by 30% last year. “The cost of handling appeals rose to more than £30m in the last published financial reports for the Planning Inspectorate. Of those costs, roughly £10m was spent…

Housing market signals “no change” to annual house price inflation from -0.2% in Feb, but seller signals show price reductions reduce down from 82% in Oct 23 to 64% in March 24. This has encouraged buyers to make the most of their move; agreed sales up 12% on last year. However…

Pension Funds look to raise investment in infrastructure to power the UK but the 465,000 workforce lost since 2008 are a big hole to fill The Times and The Sunday Times Alistair Osborne

Hundreds of thousands of lives, financially, physically and mentally damaged, are still being used as cash machines while those who should be remedying fire issues stall or pass the blame ⁦Martina Lees⁩ thetimes.co.uk/article/forced…

One rule for social housing another for the private rental market. Despite the health impact being the same, Awaab's Law only applies to social housing leaving mould to fester on those rental homes blighted by rouge landlords bbc.co.uk/news/uk-englan…

Ahead of mayor elections, Khan proposes “leaseholders could withhold service charge payments that had not been justified in writing, for example, in a statement of accounts.” Anyone can itemise, leaseholders want to know why the inc ⁦Michael Savage⁩ theguardian.com/society/2024/a…

Two steps forward one step back…Ali Hussain

This week reform needed work, Rightmove overexerted itself, affordability got stretched and first-time buyers were told something they already knew. Welcome to another UK Property News Recap – 26.04.24
brickweaver.com/uk-property-ne…

Goal posts moved, the amount of expensive planning shots limited to one & biased referees; has made Levelling up draw nil. Changes made too late by Gove to cut through all the red tape have meant, with inflation, projects now far exceed what was previously budgeted for leaving…

There’s been a lot of throws at the Reform Bill some falling short, others taking out ACORN players but still no bullseye. After 5ys pre-match analysis, the tough darts has resulted in Gove backtracking on a section 21 ban by the end of the year to an aim theguardian.com/world/2024/apr…

Off the back of rate trims, Developer, Persimmon’s sales got a 2024 kick-start - their net sales rate up 6% & their order book up 18% on last year. Prices also increased 6% from the start of 2024 by 6% to an avg of c.£283,000 from £266,100 at the end of Dec 2023. However the…

I wonder why oh why have the number of properties for sale in the south west increased by 20% more than this time last year...could it possible be buyers over stretched both financially and physically from work post pandemic 🤔 Zoopla