June is over and where did that month go? The mid-point of 2022 is pivotal in the property calendar – with six months of trading behind us. All eyes are on the market’s momentum and whether demand is being maintained.
After years of delays and deliberations, the Renters’ Reform Bill has finally been crystalised in its associated White Paper. Titled the Fairer Private Rented Sector White Paper: a new deal for renting, the contents will soon become law and shape the way lettings is run.
If you were lucky enough to have a spare bedroom in 2020, there is a high chance that you shoved the bed to one side (or got rid of it altogether) to make way for a home office. In fact, a report from Zoopla suggests that some nine million bedrooms were lost during the pandemic to other uses.
Whether the property market is running hot or cooling down with the seasonal shift, buyers will always have a vision of what they want their next home to be – and your property for sale might be full of off-putting aspects.
There has been talk about a lack of properties for sale for some time now but a new report released at the end of May has put a figure on the squeeze. Propertymark claims that in April 2022, there were 52% fewer properties available, compared to the same month in the previous nine years.
Even mortgage lenders have their part to play in our quest to achieve net zero carbon emissions by 2050. The Government has asked banks and building societies to encourage the purchase of eco-efficient properties by offering buyers advantageous products billed as ‘green mortgages’.
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