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The Government has announced a major overhaul of the leasehold system, including a cap on ground rents of £250 a year for homeowners in England, as part of a package of reforms aimed at reducing housing costs and strengthening homeownership.
In early 2023, property forecasters predicted a significant UK housing downturn over the next two years, citing rising interest rates following Liz Truss's departure. Halifax expected an 8% drop, Savills predicted a 10% drop, and Nomura Bank forecast up to a 15% drop.
The property market is frequently misunderstood, especially amid dramatic news stories. Here’s what Shepperton homeowners need to know to avoid costly traps. To understand the property market, it is important to consider the broader context.
When you have had your property on the market for a while, many sellers eventually face the same difficult decision: whether their asking price needs adjusting to reignite buyer interest. The reason why, over the past few years, the number of homes available across the TW17 postcode has increased significantly.