While it was the hottest June since records began, the property market started its summer cool down early. Rightmove cited the new 5% interest rate as a reason for earlier-than-usual changes. Its June headline revealed the first monthly drop in asking prices in 2023.
Tenants have a duty of care to look after gardens, roof terraces, courtyards and balconies. This covers what grows outside, what is added – or taken away – and what happens in the outside space. Failure to look after the great outdoors could result in deductions from the deposit, so it’s vital to know what is expected of tenants.
Problems with Japanese knotweed are well documented, with this invasive species sometimes preventing buyers from getting a mortgage on an affected property. While home movers are busy keeping an eye out for Japanese knotweed, they may be overlooking a different horticultural threat.
Fed up of conventional flower beds? Looking for something more than a lawn? Why not try a revived garden trend – the stumpery?
When it comes to getting a property ready for sale, there is a recommended set of presentation steps to follow: declutter, depersonalise and redecorate. On the latter, it’s advised that vendors step back and look at their walls, ceilings and woodwork to see what condition they’re in.
Although it sounds like a tenuous connection, the property market and the weather are linked. The arrival of early summer has coincided with the traditional uptick in house prices. This May, Rightmove has noted an extraordinary correlation between warmer temperatures and property values.
May was the month when the Renter’s Reform Bill was introduced to Parliament. The Government has a deadline to keep as it wants the contents to become law before the next general election, which has to happen by 28thJanuary 2025.
Subscribe to receive the latest property market information to your inbox, full of market knowledge and tips for your home.
You may unsubscribe at any time. See our Privacy Policy.
