May 13, 2021

UK: Flat owners caught in cladding scandal could see up to £11.43bn wiped from the value of their bricks and mortar

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Research by Newcastle-based property developer, StripeHomes, has revealed how much leasehold flat owners could see wiped off the value of their home, should they find their home is affected by ACM and other unsafe materials. Last week parliament voted against protecting them from post-Grenfell fire safety costs, a move that could cost individual leaseholders as much as […]

UK: These areas of the property market aren’t feeling the stamp duty holiday heat

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Since the introduction of the stamp duty holiday last July the property market has been booming and this market activity is likely to remain for the duration of the year thanks to a deadline extension announced in last month’s Budget.  However, research from homebuying platform, YesHomebuyers, has revealed that not every area of the property market […]

UK: House prices could boom by a further £30,000 this year

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By James Lockett The house price boom caused by the introduction of the stamp duty holiday could see the average house price across England climb by another £23,000 before the end of the year, should current market trends continue.  Research by estate and lettings agent, Barrows and Forrester, analysed the average monthly rate of house price […]

Pandemic Rent Squeeze – LondonTenants See Better Value During Covid

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Research by London lettings and estate agent, Benham and Reeves, has found that rental affordability across London has actually improved during the pandemic where the percentage of income required to cover rental outgoings is concerned. Benham and Reeves analysed the rent to income ratio prior to the pandemic and found that across London, 64.4% of the […]

UK: Here’s where 95% mortgages will benefit homebuyers the most

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By James Lockett Research from national UK estate agent, Keller Williams UK, has found that the ability to secure a mortgage with a five per cent deposit should reduce the time to save by over two years for some buyers across the UK property market. Keller Williams UK analysed the current average house price across each […]

UK: 40% of leasehold homeowners unclear on what their service charge pays for

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From James Lockett Research from property management specialists, Keller Williams UK, has found that the majority of leasehold homeowners consider service charges unfair, with a lack of transparency around how they are spent also a prominent issue.  Along with ground rents, service charges will be paid by some leaseholders to cover the cost of maintaining the building […]

Cayman: Volcanic Ash and Sahara Dust Threat – UPDATE – Alert issued for Dust

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UPDATE:-Sahara Dust Plume Alert in the Cayman Islands The Cayman Islands National Weather Service has advised that the Sahara dust plume now stretching across the Caribbean will move across the Cayman Islands over the next 24 hours. The Public Health Department is advising the public that over the next 24 hours these conditions could increase symptoms in […]

Homebuyer demand climbs in Q1, although London is still off the pace

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By James Lockett Estate agent comparison site, GetAgent.co.uk, has released its latest Homebuyer Demand Hotspots Index of the year, revealing how the market has performed across the UK’s major cities during the first quarter of 2020.  GetAgent’s Hotspots Index is a quarterly look at homebuyer demand levels in each major UK city. The index is based […]

The UK’s help to buy homebuyer hotspots

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By James Lockett Research by lettings and estate agent, Benham and Reeves, has revealed which cities are currently seeing the most demand from homebuyers for properties eligible for Help to Buy (H2B).  With the current Help to Buy equity loan scheme expiring last month, homebuyers will have been glad to see the Government announce a replacement […]

Bitt develops world’s first Central Bank Digital Currency in a Currency Union

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31st March 2021, Bridgetown, Barbados – On 31 March 2021, ‘DCash’, designed and developed by international fintech company Bitt in partnership with the Eastern Caribbean Central Bank (ECCB), became the world’s first retail central bank digital currency (CBDC) to be publicly issued within a formal currency union. Governor of the ECCB, Timothy Antoine, conducted DCash’s first cross-border transactions by sending […]