Insights

Zoopla released their UK Cities Index Report for February, stating that UK house price growth is 1.6%, a 1.2% increase compared to a year ago, with cities in the North and the Midlands continuing to dominate.

Rishi Sunak, the Chancellor of the Chequer, delivered his first Budget Statement to the House of Commons earlier this month, outlining proposals for changes to taxations and included forecasts for the UK Economy. During this announcement, he also made several pledges to support the housing market, which we have summarised and provided a brief overview below.

The UK Government has proposed The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020, meaning landlords or agents working on behalf of the landlord must ensure every fixed electrical installation is inspected and tested at least every 5 years by a qualified person.

With completion just around the corner, take a look at progress on site at The Loom at Vulcan Mill, Manchester.