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London is made up of 32 boroughs, some of which are host to some of the most expensive properties in the world, which reside next to social housing, owned by the state and rented at around a third of the cost on the open market. London is often included in the overall UK and country statistics, which disguises what’s really happening in the market. As a capital city, it should be compared to other capital cities across the world rather than other areas in the country due to the level of international investment it attracts and the higher rates of renting versus home ownership. Read more here.
The reality is we are in for a pretty exciting year this year. Market wise, demand seems to have gone through the roof again and will remain in positive territory probably until the summer. Savills have been the first off the blocks to assess the impact of these policies with their new forecasts for this year, and lets bear in mind how pessimistic everyone one was this time last year. Read more here.
Yes there were! Lots of things not done that people feared, including, no changes to Capital Gains Tax, no changes to income tax, VAT etc. In reality, this was a pretty good Budget for everyone except tenants in rent arrears and the landlords who are having to deal with a situation where they can’t get rent, can’t evict the tenant and can’t even sell the property to recoup their losses. So, what are the implications of the Budget for people and property in 2021 and beyond?
My report on regional performance is usually: ‘look how diverse the performance is’ but not this month. All regions have bounded back incredibly post lockdown and rather than forecasts of falls in the housing market, it’s clearly done the opposite. As with the regional growth, most cities experienced extraordinary year on year growth across the UK, however, there are more differences at this lower geographical level. Read more to find out what's happening in your area.
The Green Belt is one of the central mysteries of the English planning process. Most people think they have an idea what it is and what it is for – and often they are only half-right. So let’s try to unravel the myths and explore when building on Green Belt land is allowable after all.