Newport Property News & Updates

The UK's buy-to-let market celebrated its 18th birthday on October 21st.  In 1996, ARLA and a select panel of lenders that included Paragon Mortgages recognised the need for finance tailored towards the growing demand for private rented property and helped to develop the buy-to-let mortgage market. Since then, the private rented sector (PRS) has grown from 2.4 million homes to 4.9...

House prices in September went up 0.6% compared with August, the Halifax has reported.  It leaves average house prices, based on mortgage approvals, standing at £187,188 – up 9.6% on September last year. Halifax bank's housing economist Martin Ellis, said that demand was weakening. “Annual house price inflation may have peaked. A moderation in growth looks likely...

Labour plans for the private rented sector (PRS) would be disastrous for the UK's housing market, according to the Residential Landlords Association (RLA). The organisation has analysed figures produced by the Department for Communities and Local Government in a bid to demonstrate the importance of the PRS and discovered 60 per cent of the housing stock created since 1986 has been in the...

Mandatory licensing of all letting agents and private landlords in Wales will go ahead after the Housing (Wales) Act 2014 has become law. It is the first piece of major housing legislation that the Labour-led Welsh Assembly has enacted, through devolved powers. The legislation gives powers to implement compulsory licensing throughout the pri vate rented sector – and could be a template...

 HMRC have declared that they are still working to uncover any unpaid tax accumulated from second home property sales.This is not the first warning issued from HMRC, as they endeavour to reiterate the message that all individuals who have sold properties which have served as second or holiday homes in the UK and abroad have not yet declared their Capital Gains Tax (CGT) will be penalised...
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Rent Smart Wales The Property Ombudsman The Association of Residential Letting Agents NAEA Deposit Protection Scheme Zoopla On The Market Primelocation