Richard Carr discusses changes to National Planning Policy Framework

Last week the Prime Minister announced a major overhaul to the planning framework in the UK, in a bid to deliver the number of homes we need.

The reforms focus on maximising land use, strengthening protection for Green Belt land and putting more emphasis on turning planning permissions into actual homes. Continue reading

The rise and rise of private rentals

We’re living through a time of huge cultural shifts, including in the property industry. Within a few short years, there has been such a rise in the number of private renters that mortgaged home owners will soon be in the minority.

Experts predict that by 2025, just seven short years away, the number of households owned by mortgage holders will be under six million. At the same time, the number if households living in private rented accommodation will be slightly higher, at six million. Continue reading

Buy-To-Let Bounces Back in Q3 2016

Richard Carr reports on new figures which suggest that during the third quarter of 2016, British buy-to-let sector activity significant improvement on the quarter before, as buyers return in droves.

Limiting expansion

The buy-to-let sector is popular with investors, especially domestically. Figures indicate that one out of every five residential properties were owned by private landlords in 2014, with this number expected to rise to one in three by 2032. A booming buy-to-let market has exacerbated the UK’s housing shortage problem, so high demand has pushed residential prices and rents to new heights. Continue reading

UK House Prices Experience ‘Reverse Ripple’

Recent commentary from a UK-based estate agents suggest that British house prices are experiencing a ‘reverse ripple’ effect, as Central London loses its influence over the rest of the nation.

Defying convention

Traditionally, UK house price rises originate in Central London. The heart of our capital is home to some of the biggest businesses and wealthiest individuals on earth, so demand for Central London property has been high historically. This pushes up Central London residential property values, sparking a ripple which hits outer London, then South East England and finally the rest of the nation. Continue reading