Stay updated with breaking news from Hazel Easthope. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The accepted wisdom that an apartment is a stepping stone to buying a house is being called into question by high house prices and lacklustre capital gains for units.
With the focus on our housing crisis, a new report reveals that sustainability is taking a back seat in apartment construction – except for at the top end of the market.
Predictors of entering housing stress revealed
Buying an apartment is the biggest financial commitment many of us will ever make. Unfortunately, our new research shows that defects in apartment buildings are commonplace: just over half of Sydney’s apartments had at least one type of defect, while more than one in four had at least three different defects. We also found it is virtually impossible for buyers to know whether the apartment they are buying is good quality.
Expert group to help homeowners gain more control over their homes Launch of the Commonhold Council – an advisory panel of leasehold groups and industry experts who will inform the government on the future of this type of homeownership. From: 13 May 2021 Homeowners are set to benefit from greater control over their home and building, as an advisory panel prepares them and the market for the widespread uptake of a collective form of homeownership, known as commonhold. As part of the biggest reforms to English property law for 40 years, Housing Secretary Robert Jenrick has today (13 May 2...