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Strong growth in Spanish property market set to continue into 2017

The Spanish property market grew by 14% in 2016, the biggest increase in sales of homes since the run up to the last real estate boom, new figures show. The data from the National Institute of Statistics show there were 362,182 home sales recorded on the Spanish property register in 2016, up 14% year on […] The post Strong growth in Spanish property market set to continue into 2017 appeared first on PropertyWire . Continue reading

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New rules for real estate agents in Dubai to improve transparency

New rules have been introduced for estate agents in Dubai which mean they must have all advertising signed off by Dubai’s real estate regulatory department before going live and verify property ownership before conducting a sale or letting. But not everyone is pleases with the directions from the Real Estate Regulatory Agency (Rera) and the […] The post New rules for real estate agents in Dubai to improve transparency appeared first on PropertyWire . Continue reading

Posted on by tsiadmin | Posted in ads, Advertising, adverts, affordable, age, agents, ASA, average, Brexit, build, building, buy, Buy to Let, Buyers, buying, change, Company News, complaint, complaints, counties, data, Demand, Dubai, estate agent, estate agents, Europe, existing, Finance Update, fund, government, growth, home, Housing, housing ladder, housing market, Index, interest only, invest, Investment, investments, investors, JLL, land, land department, Landlords, Leeds Building Society, Legal, Lending, letting, Lettings, Loans, Location, London, market, Middle East, Monaco, mortgage, move, negotiations, new, new home, News, Nine Elms, North America, office, older buyers, ONS, owners, ownership, policy, price, prices, prime, products, Property, property market, real esate, Real Estate, regeneration, regulations, rent, rental, research, Residential, retirement, rules, sales, sentiment, shortfall, Shows, slowing, standard, survey, tax, Taylor Scott International, Transactions, TSI, UAE, Uk, US, USE, Values | Tagged , , , , , , , | Comments Off on New rules for real estate agents in Dubai to improve transparency

Need for affordable housing not likely to be met by Starter Homes scheme

The vast majority of councils in England do not think that Starter Homes should be classified as affordable housing and only 7% of councils think they will address the need for affordable housing in their local authority areas. Indeed, new research shows that local councils, of all political parties, believe that the Government's Starter Homes policy will hinder rather than help to tackle the growing need for genuinely affordable housing in England. They have also raised concerns about the impacts of the Government's plans to reduce social rents by 1% a year for the next four years and the extension of the Right to Buy to housing association tenants, according to a survey commissioned by the Town and Country Planning Association (TCPA) and the Association for Public Sector Excellence (APSE). It found that over two thirds of councils, 69%, anticipate that they will be building less social and affordable housing as a result of the Government's plans to reduce social rents by 1% a year for the next four years. Only 3% say they plan to build more social and affordable homes as a result. ‘Low cost home ownership, such as starter homes, may help some people get a first step on the housing ladder, but as the survey of council's highlights this will not address the need for genuinely affordable homes,’ said Kate Henderson, chief executive of the TCPA. ‘We need a housing strategy for the nation that provides decent homes for everyone in society, including those most in need in the current housing crisis. Our survey has revealed that four out of five councils do not think starter homes should be classified as affordable housing because they are simply not affordable for essential low paid workers or for many people on average incomes,’ she added. Almost three fifths of councils described their need for more affordable housing as severe and 37% as moderate, and 89% of respondents think that the extension of Right to Buy will lead to less housing available for social rent, with only one council thinking that it would be beneficial. ‘What is clear from these survey results is that the headlong rush to extend Right to Buy to housing associations is an ill-thought out measure which enjoys little support, and this is reflected across the different political parties at a local level,’ said Paul O'Brien, chief executive of APSE. ‘With Nine out of 10 councils genuinely concerned that the extension of the Right to Buy to housing association tenants will further diminish the already short supply of socially rented homes, available in their local communities, we say to Government now is the right time to listen on Right to Buy,’ he added. Continue reading

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