Near term expectations for South West house prices turned slightly negative for the first time since 2013 according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.
The survey shows house prices in central London falling while prices are continuing to climb modestly across the rest of the UK. In the South West 25% more respondents said prices had risen rather than fallen over the last three months. This figure has fallen in each month since February when 73% more respondents reported a rise rather than a fall in prices.
New research from housing charity Shelter reveals 59% of 18-44 year olds in the South West say they will be forced to put their lives on hold because of housing problems.
The Shelter and YouGov study of adults under 45 was carried out as part of the charity’s Great Home Debate. It revealed the housing shortage is reshaping how many people in the South West live their lives and creating entirely new timeframes for when they hit traditional life milestones. Housing is a reason for people lagging behind in crucial aspects of their lives – from career and retirement to family and...
Students at the University of Exeter are facing increased rent payments as on-campus accommodation prices soar ahead for the 2016/17 academic year.
The cheapest accommodation, Moberly House, is set to close in the summer for a new self-catered residence. Students fear this could be the end of affordable accommodation halls.
Phil Attwell, Director of Campus Services at the university said: “The building is in need of some investment… we would like to enhance the facilities on offer by providing high quality accommodation.”
Interest from South West house buyers has dropped for the first time since February 2015 according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.
Following the buy-to-let rush that preceded the 1 April tax rise deadline and with increased uncertainty surrounding the upcoming EU referendum interest from buyers dropped in April with 17% more chartered surveyors reporting a fall rather than a rise in demand.
The fall in demand is evident across the majority of the UK with respondents in many parts citing the referendum as a factor...
A national homebuilder is continuing to lay foundations for success in the South West with continued growth, and commitment to a long-term apprenticeship scheme. With regional offices already in the Midlands and the South East, Bovis Homes opened its Exeter office in 2013 with just six members of staff. Now, with more than 100 staff based in Exeter and its surrounding developments in locations like Cranbrook, Ottery St Mary, Dawlish and Teignmouth, the national homebuilder is expanding its apprenticeship scheme, firmly concreting its position in the South West with the promise of...
UK house price inflation is set for a slowdown over the coming months as the impact of new stamp duty changes, the EU referendum and the forthcoming devolved elections combine to create a climate of uncertainty in the country’s housing market, the latest survey from the Royal Institution of Chartered Surveyors (RICS) has revealed.
These factors have been most strongly felt in central London where 38% more respondents expected to see house prices fall than rise over the next three months. Across the UK, sentiment around house price inflation has also dampened with 17% of respondents...
Cranbrook in Devon has won a bid to be an NHS “healthy new town” to help residents lead healthier lives.
One of 10 across the country, the developing eco-town will test creative solutions for the physical and mental health challenges of the 21st century, including obesity, dementia and community cohesion.
NHS England is bringing together renowned clinicians, designers and technology experts to join-up design of the built environment with modern health and care services.
Initiatives being considered for Cranbrook, which will eventually have 8,000 homes, include:...
James Durston Cartridges Law’s Housing Law specialist will be talking at “The Renting Minefield – what’s new for 2016?” a free event which has been organised in conjunction with Exeter City Council for private landlords, letting agents and anyone interested in letting a property.
There will be the chance to talk with other landlords and agents through the evening and “bite size” talks as follows:
Right to rent - The Home Office Taking Notice: Pitfalls with Section 21 - Cartridges Law How letting agents can help - NLA and ARLA New detector regulations: what they don’t tell...
A new strategy aimed at tackling housing issues in Exeter is set to be unveiled.
Exeter City Council’s Housing Strategy will go before members of its Scrutiny Community Committee on 1 March.
Launched at a time when the government is heavily promoting greater levels of owner occupation as the solution to the housing crisis, the Council’s strategy adopts a wider approach and aims to address a greater range of housing needs over the next four years.
The strategy focuses on three key themes: tackling housing need & vulnerability; providing more housing; and being a...
Landlords’ confidence in the buy to let (BTL) sector has collapsed to an all-time low and is now ‘worse than levels witnessed during the financial crash’, the CEO of the UK’s largest landlord association will tell leading mortgage professionals today (2nd February 2016).
Richard Lambert, Chief Executive Officer of the National Landlords Association (NLA), will tell delegates at the Building Societies Association’s (BSA) annual meet-up for mortgage professionals that confidence in landlords’ business expectations has tumbled by more than a third over the past year – down from 67 per...
