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Displaying ROOF Blog articles tagged with Property
23/10/2023
A two-bedroom flat in County Durham has been labelled Britain’s cheapest flat after it was placed on the market for just £1000. Situated above a group of shops, the flat has an open-plan lounge and kitchen and is located in the heart of Catchgate, Stanley. But it has no water or electricity, rubble litters the floor, the walls have huge holes and the ceilings have crumbled leaving a corrugated iron roof to protect the rooms from wind and rain. The property was left to an unnamed woman in a divorce settlement, who realised it belonged to her after she began receiving council tax bills and other official letters. Estate agents are set to auction the first-floor flat, which they admit needs ‘refurbishing’.
22/10/2023
Tenants who receive local housing allowance (LHA) will be able to choose to have their rent money paid directly to their landlord if the Conservatives win next year’s general election. Grant Shapps, shadow housing minister, will announce today at the Crisis national conference in Birmingham that a Conservative government will revert to the way housing benefits were handled before last year’s government reforms, which are due to be reviewed before April 2010. Shapps is expected to say that the current system is deterring landlords from renting property to tenants receiving LHA: ‘Fearful that rent money may never be paid, some landlords routinely include the words ‘No HB’ in their ads, further restricting the supply of housing for affordable rent.’
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19/10/2023
The average asking price for homes in England and Wales has recorded unusually strong growth in the past month, according to the property website Rightmove. The increase of 2.8 per cent in the four weeks to 10 October over the previous four-week period is one of the sharpest four-weekly rises Rightmove has ever recorded. It is the seventh time the website has recorded positive growth since February, compared with only two declines. The average asking price, at £230,184 is now 0.2 per cent higher than a year ago, when UK and global financial markets seized up. The largest increases are in London, where increased interest from buyers drove asking prices up by 6.5 per cent over the previous four weeks, says Rightmove.
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19/10/2023
One million homes are expected to be empty in the UK this year, despite 1.8 million Britons being on the waiting list for social housing. In 2008, there were more empty properties in the north-west of England than anywhere else in the country, with 129,073 houses lying vacant, says the charity the Empty Homes Agency. It is not illegal to leave a property empty, but the government has various ways to discourage it. Where the owner ignores calls to put the property to use, a local authority can make a compulsory purchase order under Housing Act powers. This means it will buy the property at the market rate and sell it on again or convert it into social housing. At the same time, however, the law encourages the practice of leaving properties empty by offering a council tax exemption on any dwellings that are vacant for up to six months.
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