Emma Fildes @emmafildes
A property finder, advisor and fixer. In the Twitter sphere expect - UK property news, commentary, observations & analogies brickweaver.com London, England Joined February 2011-
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Two steps forward one step back…@AlihussainST
This week reform needed work, Rightmove overexerted itself, affordability got stretched and first-time buyers were told something they already knew. Welcome to another UK Property News Recap – 26.04.24 brickweaver.com/uk-property-ne…
Goal posts moved, the amount of expensive planning shots limited to one & biased referees; has made Levelling up draw nil. Changes made too late by Gove to cut through all the red tape have meant, with inflation, projects now far exceed what was previously budgeted for leaving…
There’s been a lot of throws at the Reform Bill some falling short, others taking out ACORN players but still no bullseye. After 5ys pre-match analysis, the tough darts has resulted in Gove backtracking on a section 21 ban by the end of the year to an aim theguardian.com/world/2024/apr…
Off the back of rate trims, Developer, Persimmon’s sales got a 2024 kick-start - their net sales rate up 6% & their order book up 18% on last year. Prices also increased 6% from the start of 2024 by 6% to an avg of c.£283,000 from £266,100 at the end of Dec 2023. However the…
I wonder why oh why have the number of properties for sale in the south west increased by 20% more than this time last year...could it possible be buyers over stretched both financially and physically from work post pandemic 🤔 @Zoopla
To win votes or not to win votes, that is the question: Whether 'tis nobler in the mind to suffer The slings and arrows of outrageous stalling or to act AS IF to cover all bases but not be blamed for doing or not doing.... 🤔 @BBC @HarryFarley_ bit.ly/3UfQUR3
Today’s losses versus tomorrow's expectations. £100m in severance charges inc’d operating losses by 11% for the Lloyds Banking Group while loans & advances to customers fell to £448.5bn in the first quarter of 2024, with a £1.6bn reduction in its UK mortgages portfolio. The group…
Huw Pill, the BoE’s chief economist, is still out of breath from his climb; huffing and puffing so the markets hear & his pound goes further when next state side that inflation hasn’t recovered sufficiently enough for any descent off table mountain “quite” yet. @FT @Sam1Fleming
2024 optimism for increased sales activity falls short in Q1 for developer, Taylor Wimpey but hopes remain pinned on the second half of the year going into 2025 when the “base” kicks in.
When the answer to freeing up liquidity for private equity companies is “leverage on leverage” ….does anyone ever, I don’t know, consider what could go wrong….@thetimes @Benjaminwmartin
Tightening the green belt while letting out the brown and grey belt. Labour releases their rule book for development which includes any scheme built on green belt land must target 50% affordable housing insidehousing.co.uk/news/labour-se…
Rates will further reduce in time but never to the irresponsible levels they once were - this will help some deposit heavy first-time buyers but not others. Building more homes is the answer, however this will take time and in the interim many FTB who can’t bank at mum or dad or…
$200m worth of IOU’s are called in on property tycoon, Cheung Kei & his family, who to date have already relinquished $1.4bn worth of properties to creditors, both in Hong Kong & London. Those “short-term liquidity issues” sure are costly bloomberg.com/news/articles/…
Sellers of larger homes who waited out 2023 price drops & pinned hopes on rates being trimmed in time for their 2024 gardens to bloom, are coming out with renewed confidence of securing a buyer this time round. Driving up, the overall avg growth in asking prices, AKA optimism, by…
Damned if you do, damned if you don’t. Faversham residents oppose development in their backyard. The Duchy of Cornwall’s next Poundbury project would consist of 2,500 new homes, 35% of which would be affordable housing on the outskirts of the town. Commutable & aesthetically…
All flats are not the same - If you know the pitfalls you can avoid them, giving buyers a firm grip on the ladder without fear of slipping. @Frances_Ivens telegraph.co.uk/money/property…
Another day, another Tory compromise. Rishi Sunak has sided with Michael Gove, overruling opposition from the treasury, to announce ground rents on existing leasehold properties to be capped at £250 for 20ys. Though a marginal improvement, the promised “peppercorn” it is not.…
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12K Followers 801 Following Cold truth from behind scenes of moving industry to help home movers. Goal: A home for everyone. https://t.co/oqnHMq3KYk
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8K Followers 1K Following I'm Deputy Property Editor at The Times and Sunday Times. Politics nut. Runs after 3 small children, thinks far too much about @cpfc. All views are my own.
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2K Followers 2K Following Head of Money at The Telegraph. [email protected]Apparently over 90% of home buyers did not pay for a home survey during the first three months of this year. Unless they got it for free I assume some may have wrongly assumed that their mortgage survey will have done the job. thenegotiator.co.uk/news/products-…
NEW: Housing charities have withdrawn their support for the Renters Reform Bill @Shelter & @RentersReformCo who have previously backed govt reforms say they’ve been watered down by “a minority of landlord backbenchers” and will be a “colossal failure that won’t protect tenants.”
The Renters’ Reform Bill no longer has the support of the Renters’ Reform Coalition - a group including Shelter, the Joseph Rowntree Foundation and Generation Rent because it…doesn’t actually give a date for the ban on Section 21 evictions which is…what it was designed to do
90% of home buyers didn’t pay for a home survey in Q1 this year. Leaving out the false economy of not having a survey done on the biggest buy of your life, you’re also missing the opportunity to renegotiate a better price. ALWAYS, ALWAYS GET A SURVEY. thenegotiator.co.uk/news/products-…
My first solo byline for @BBCNews, and I'm once again writing about property with mortgage rates on the rise. bbc.co.uk/articles/c72pn…
First time buyers are having to inject £145k deposits in London to get the income to buy down to below £100k when the income to rent is £70k (which is high) - less extreme in rest of UK - explains the divide in house price inflation which is going to remain
When a government runs out of ideas, it introduces... yet another stamp duty cut. BUILD. MORE. HOMES.
Grey belts & golden rules. Red lines & green lights. House building is a veritable rainbow🌈
A smarter approach to the release of green belt land is essential to building the homes our country needs. Labour will prioritise the development of low-quality ‘grey belt’ sites and impose ‘golden rules’ to ensure it always meets local housing need. thetimes.co.uk/article/0fb2b9…
Changes to Multiple Dwelling Relief have come about in part due to a few people taking the piss! "A garage attached to the property is the separate property in question, which has an internal door from the garage into the main house." 🙄propertyindustryeye.com/homebuyer-orde…
ONs data shows that private rent inflation - which is running at 9.3 per cent - is now higher than the overall rate of inflation - 3.2 per cent. Cost of living crisis is getting worse for private renters NOT better - chart is from @jrf_uk
Today’s @ONS labour market data suggests that the country's post-pandemic jobs recovery still has some way to go. A thread on what the stats show…
NEW: my column this week is about the coming vibe shift, from Boomers vs Millennials to huge wealth inequality *between* Millennials. Current discourse centres on how the average Millennial is worse-off than the average Boomer was, but the richest millennials are loaded 💸🚀
Up and about early with Truflle to enjoy another sunrise and look forward to a busy day ahead. #Wimbledon #FridayMotivation
New build homeowners are paying an estimated £1bn a year in estate charges. Councils are increasingly refusing to manage public spaces on new estates. Developers used to pay them fees for this but the planning system has changed. 🧵 In @theipaper⬇️ inews.co.uk/news/housing/n…
Imagine being so out of touch you not only think this, you feel it's ok to write it in a newspaper? (£) telegraph.co.uk/news/2024/04/0…
Ironed in my son’s name on his top for tomorrow’s @LLHalf that he’s running for @TargetOvarian Very proud that he decided months ago and trained o. His own and got his fitness back! His Mum would be even prouder! You can still sponsor him. 👇🏼 justgiving.com/page/sam-foley…
And here I am thinking I just needed to cut out avocados and Netflix.
Why house price data still isn’t showing you what you think it is - this week’s newsletter @theipaper inews.co.uk/news/whats-rea…
Some blue skies this morning on our walk and pleased Truffle has managed a complete circuit of the field. A good start to the day. #ThursdayMotivation #wimbledon
Conservative MPs are urging the Government to honour a manifesto pledge to help some homeowners who are trapped in unsellable properties due to “immoral” high ground rents ⬇️ @alexxaphillips reports trib.al/pqRq8iK
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