The three new statutory tenancy deposit schemes have protected the deposits of 66,000 tenants worth £58m in its first two months of operation, according to new figures released yesteday by the DCLG.
The Housing Corporation has published a new guidance note it says will release high-performing housing associations from detailed regulation and a new policy on resident involvement as well as a set of regional reviews.
London is facing a serious shortage of specialist supported accommodation. A joint report by the National Housing Federation, Mayor of London and the Housing Corporation says almost 6,000 places will be needed in the next 10 years for vulnerable and socially-excluded people.
The housing market is clearly softening in the wake of interest rate rises, according to a market commentary published by the CML [downloads PDF] today. The Nationwide said yesterday that house price inflation rose again in May to 10.3% but that the market was weakening.
First-time buyers now account for just 10.3% of sales, according to the National Association of Estate Agents. The April figure was down from 12.6% in March – and 29% in 2000.
Today’s papers, including the Times, interpret the fall in mortgage approvals reported by the Bank of England. as another sign of decline. The Independent weighs up the mixed evidence in a longer feature.
Gordon Brown must look at tax reform to curb the growth in buy to let, says the Guardian in a leader today.