The new Chancellor of the Exchequer revealed a tenant fees ban in his first Autumn Statement on Wednesday 23rd November 2016. What does this actually mean for Colchester tenants and Colchester landlords? Tenant fees ban to be introduced within 12 to 18 months Rents due to rise as those fees passed to landlords Landlords won’t … Read moreWhat Does the Tenant Fees Ban Mean for Colchester Landlords and Tenants?
But it’s not all bad news! Figures just released by the Bank of England, show that for the first half of 2016, £128.73bn was lent by UK banks to buy UK property. That’s impressive when you consider only £106.7bn was lent in the first half of 2015. Even more interesting, was that most of the … Read moreFirst Time Buyers in Colchester Paying 13.1% More Than 12 Months Ago
While looking at a property with a landlord in Colchester last week we were chatting about the Colchester property market and he mentioned a report, published by the Royal Institution of Chartered Surveyors (RICS) and PricewaterhouseCoopers (PwC), that stated almost 1.8m new rental homes are needed by 2025 to keep up with current demand from … Read more4,700 More Private Rented Properties Needed in Colchester by 2025
A few weeks ago I received an interesting email, related to tenancy length, from a Colchester Councillor asking me: “Are Colchester landlords meeting the challenges of tenanted families bringing up their families in Colchester?” Irrespective of whether you are tenant or a homeowner bringing up a family the most important factors are security and stability … Read moreIs Tenancy Length an Indicator of Happy Families in Colchester?
I had an interesting chat with a Stanway landlord who owns a few properties in and around Colchester. We had never spoken before (he uses another Colchester property agent to manage his properties) but, after reading my Colchester property market blog for a while, the landlord wanted to know my thoughts on how the recent … Read moreHow Will the 0.25% Interest Rate Cut Affect the Colchester Property Market?