Articles From the Team
Autumn rises… Not so much autumn falls
The spring / summer brought about a real air of uncertainty as we fast approached the prospect of Brexit and what impact it was going to have on the residential property market, let alone how it could make an impact on our everyday lives, social morale and the employment market, the list really could go on.
However it appears that as autumn falls, it isn't all that gloomy and it is in fact rising, in the terms of statistics in the world of residential conveyancing. Being an avid follower of www.propertyweek.com I was rather pleased to read that ‘the average price of a home in September 2016 had risen by £1,349, this equates to a 0.9% rise according to Rightmove after unpleasant falls in July and August’. This is a great signal of confidence for those who were a little pessimistic of any sudden movements as it instils even more confidence in the marketplace. This was further supported by the following article on propertyweek.com, 27th October 2016; ‘Housebuilders’ shares took a battering on the markets following the EU referendum, with the sector tanking 36% in value in two days’ trading, but shares have since rallied following a series of positive trading updates and signs the government is prepared to boost housebuilding.’ (http://www.propertyweek.com/resi)
October has not only seen the leaves starting to turn and welcome a change with milder climes, it is also welcoming a much anticipated change for all landlords! Have you ever fancied converting your shed space or garage or out house? Well, from October 2016 you have the luxury of making this decision following a change in ‘PDR’. The government has permitted development rights (PDR) to allow landlord and homeowners to swiftly change the use of a building from light industrial (B1c) to straight forward residential and comes into force immediately! (http://www.propertyweek.com/resi)
As property continues to rise and instructions for more residential conveyancing talent doesn’t appear to be slowing, there is a clear nod in the right direction and a great vote of confidence for the market that proves there is a on-going requirement for great talent within residential conveyancing recruitment.