Latest News: Why have house prices risen in March?
All the latest news, commentary and insights on the UK property market for landlords, tenants, and everybody in between.
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The latest news in UK property
English letting agents who ban children violate equality laws, according to the Ombudsman
After being challenged by an NHS nurse and mother, the Property Ombudsman concluded that blanket restrictions against renting out apartments to families with children in England discriminate against women and are against the industry's code of practise.
According to Shelter, nearly 300,000 families in England, or 1 in 5 parents, have had housing difficulties in the past five years due to having children.
As a result of the ombudsman's ruling, its letting agent members will no longer be permitted to put general bans in property ads or do as a landlord requests without sufficient reasoning or proof. They would be in violation of the organization's code of conduct and might be forced to compensate anyone who had been subjected to discrimination.
Why have house prices risen this month?
The housing market is busiest at this time of year. Many people who are looking for a home wait until the spring to begin their search, and this is the time of year when more homes start to come on the market.
Because there is more competition for buyers at this time of year, sellers tend to price their properties higher. And as a result, average asking prices tend to increase.
The most recent monthly data on asking prices in England, Scotland, and Wales can be found in the Rightmove House Price Index, which allows you to track current housing market trends. The average price for each region is also included.
First-time buyers were severely hurt by the fallout from September's mini-budget and the rapid, abrupt jump in mortgage rates. However, sales agreements on first-time buyer houses (properties with two bedrooms or fewer) are improving the most out of all property types, when compared to the more typical market of 2019, as mortgage rates have declined from their October peak and begun to level off.
A London real estate company pays £1 million for an entire Welsh village
The raises rent by 60% as a tenant organises a one-woman sit-in and declares, "I would sooner die than leave."
Members of a historic Wales mining community claim they are being evicted by London real estate developers who bought the community for £1 million and raised rents by as much as 60%.
According to this news article, Sara Lewis, 55, has staged a daily sit-down protest against the fees for 16 former quarrymen's homes and cottages in Aberllefenni, Gwynedd because she is so furious.
She claimed her rent increased from £300 to £500 per month, but after 22 years of being in her cherished neighbourhood, she promised she would "rather die than leave."
In 2016, a London-based estate firm purchased the community, which was constructed for employees at a decommissioned slate mine.
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