January 2020

U.K. housing market sees bounce after election

The U.K. housing market perked up in December as Boris Johnson's commanding election win helped push up sales and expectations for price gains. The number of agreed sales edged up for the first time since May, led by a marked increase in London, while near-term price expectations improved, according to a report by the Royal Institution of Chartered Surveyors published Thursday. A headline index jumped...

Government is lifting housing benefit freeze

The government will lift the freeze on Local Housing Allowance rates, meaning the amount of housing benefit received is set to rise by £10 per month on average. Rates will rise in line with the Consumer Price Index, which is currently around 1.5%. Will Quince, parliamentary under secretary of state for welfare delivery, said in a statement: “Ending the freeze to LHA rates ensures we are continuing...

Property-Value-Real-Estate

House prices in 2020. Will they rise or fall?

Buying or selling a home can feel like an endless merry-go-round for anyone caught up in a tortuous house move. In one £1.5m property in East Sussex, the fairground nature of many property transactions has been taken literally. The converted Victorian bathhouse is filled with funfair nostalgia. The home, which features a retro bowling alley, a basketball arcade game and a coconut shy above the sink,...

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