Housing market continues to thrive following lockdown

Wednesday 29 July 2020

Propertymark's June Housing Market Report shows that one in 10 properties (10 per cent) sold for more than the original asking price as buyers compete for the successful bid on their dream home, which is the highest recorded since February 2016 where 11 per cent sold for more.

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Guidance released for re-opening of housing market in Wales

Tuesday 28 July 2020

Today, 28 July, the Welsh Government has released guidance for the property sector and has updated its amendments to the Health Protection (Coronavirus Restrictions) (Wales) Regulations in light of the re-opening of the housing market from 27 July.

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HM Land Registry to accept electronic signatures

Monday 27 July 2020

Today, Monday 27 July, the transfers of ownership of property, leases, mortgages, and other property dealings can now be signed electronically, making it simpler and faster for people to move home.

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Welsh Housing market to re-open fully from Monday 27 July 2020

Friday 24 July 2020

Today, 24 July, the Welsh Government confirmed that the housing market will fully reopen on Monday 27 July 2020.

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Tougher security laws considered after Russia report

Friday 24 July 2020

Whilst the property industry isn’t consistently regulated across the UK, agents do have to abide by many rules including those on anti-money laundering. The Russia Report, issued on 21 July, shows the continued threat of illicit financial activity and Ministers are considering strengthening legislation.

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Agents need masks when dealing with visitors to branches

Thursday 23 July 2020

As the public will have to wear masks when entering a shop from 24 July, Propertymark can confirm, that in line with our best practice guidance, it won't be necessary for estate and letting agents' staff to wear a face covering whilst in the office with the same group of people and social distancing except when dealing with visitors.

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NCA calls for changes in light of the Russia report

Thursday 23 July 2020

The Intelligence and Security Committee of Parliament issued their report on 21 July on Russia, highlighting the problems estate agents are faced with in combatting financial crime activity in property markets.

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Two per cent stamp duty surcharge for non-UK residents announced

Thursday 23 July 2020

Following a six-month consultation, the Government has introduced draft legislation on all properties purchased by anyone who isn’t a UK resident.

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Welsh leasehold reform

Wednesday 22 July 2020

The Welsh Government announced work is underway to reform residential leasehold and commonhold ownership and details will be published before next year’s election.

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Law Commission sees commonhold as the key to leasehold reform

Tuesday 21 July 2020

The Law Commission in England and Wales has published its recommendations on solving issues surrounding the sale and continued financing of leasehold properties.

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Government to reform planning system in England

Tuesday 21 July 2020

In Parliament today, 21 July, Housing Secretary, Robert Jenrick, announced new rules that homeowners will be able to add up to two additional storeys to properties to create new homes or more living space through a fast track approval process.

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Government asks the industry to comment on draft code of practice

Monday 20 July 2020

A consultation on an overarching Code of Practice has been launched today, 20 July, which will be key to the work of the new industry regulator, when they are eventually appointed.

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Landmark Government Bill on building safety published

Monday 20 July 2020

The UK Government has today, 20 July, published its draft Building Safety Bill which aims to make residents safer in their homes and deliver the biggest changes to building safety for nearly 40 years.

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Pandemic has not deterred the UK from making the next move

Friday 17 July 2020

Market data from Zoopla shows buyer demand is up as both customers and agents emerge from lockdown. Buyers are continuing with planned moves and the lockdown has further increased the number of people wanting to make a change.

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How COVID-19 has affected Northern Ireland’s housing trends

Friday 17 July 2020

Both first time buyers (FTB) and home movers are looking for a base to set up a work-life balance, a recent PropertyPal survey has found. The intentions and preferences of both groups in the wake of the COVID-19 pandemic are looked at.

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Remedial work on cladding progressing too slowly

Wednesday 15 July 2020

Concerns have been raised over the progress and funding of the remediation efforts after the Ministry of Housing, Communities & Local Government (MHCLG) established the Building Safety Programme to tackle dangerous cladding in the wake of the Grenfell Tower disaster.

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Land Transaction Tax threshold raised in Wales

Tuesday 14 July 2020

The Minister for Finance and Trefnydd, Rebecca Evans, has announced today, 14 July, changes to the Land Transaction Tax rates effective from 27 July 2020 until 31 March 2021 with the threshold lifted from £180,000 to £250,000.

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LBTT threshold is now effective

Monday 13 July 2020

Revenue Scotland has confirmed the changes to the nil rate band for LBTT residential property transactions which will take effect from Wednesday 15 July and remain in place until 31 March 2021.

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Reviewal date set for housing market in Wales to fully open

Friday 10 July 2020

First Minister, Mark Drakeford has today, 10 July 2020 announced in his statement reviewing the Health Protection (Coronavirus Restrictions) (Wales) Regulations that the Welsh Government will consider reopening the housing market, to allow viewings in occupied properties, from 27 July 2020.

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LBTT threshold must be implemented immediately

Thursday 09 July 2020

In response to the Chancellor's Summer Statement at Westminster, the Cabinet Secretary for Finance, Kate Forbes MSP, has said that the Scottish Government will raise the threshold for Land and Buildings Transaction Tax (LBTT) from £145,000 to £250,000.

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Electronic signatures for conveyancers

Thursday 09 July 2020

HM Land Registry has today, 9 July issued draft guidance on the introduction of e-signatures in order to tackle the issues that legal formalities have caused during the COVID-19 pandemic.

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Court case brings to light the importance of Sales Protocol Toolkit

Thursday 09 July 2020

A recent case where a surveyor failed to identify serious remedial issues has highlighted the importance of using Propertymark’s Sales Protocol Toolkit to help minimise potential misconduct when selling a property.

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Government introduces Job Retention Scheme

Wednesday 08 July 2020

The Chancellor, Rishi Sunak, launched today, 8 July, a new scheme to encourage business to keep furloughed workers providing a £1,000 one-off payment to UK employers for every employee they bring back from furlough, who remains in employment until the end of January 2021.

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Apprenticeships soften pandemic blow to employment for young people

Wednesday 08 July 2020

As part of today’s announcement by Chancellor Rishi Sunak, apprenticeships are to receive a huge boost from the UK Government's measures to grow jobs and strengthen the economy.

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Additional dwellings higher stamp duty still applies

Wednesday 08 July 2020

On the back of The Chancellor, Rishi Sunak’s, announcement today, 8 July, on the temporary overhaul of Stamp Duty Land Tax (SDLT), the higher rate for purchases of additional dwellings will still apply.

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REACH UK prepares the ground for the proptech solutions of the future

Wednesday 08 July 2020

NAEA Propertymark is teaming up with award-winning international Proptech development programme REACH UK, to help a new UK cohort of developers provide future solutions to estate agents’ problems.

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Propertymark campaign leads to a cut in stamp duty

Wednesday 08 July 2020

Chancellor of the Exchequer, Rishi Sunak, has unveiled plans to temporarily overhaul Stamp Duty Land Tax (SDLT), as part of a range of plans to stimulate the economy during the COVID-19 crisis.

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Regulations on local lockdown published

Friday 03 July 2020

The UK Government has published Regulations for Leicester which clarify that agents do not need to cease viewings or close branches in areas of local lockdown.

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HS2: Property owners still forced to accept low offers for homes along rail route

Friday 03 July 2020

HS2 has issued updated guidance and route maps for property owners in Phase 2a of the scheme, which runs from the West Midlands to Crewe.

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