Overall, the news for the property market is the best it’s been to date, and as a result, optimism is high, which is great news. However, I still think we need to be a little cautious. Read my full property price and market report here.
Properties in England and Wales are sold on either a leasehold or freehold basis. If you buy a leasehold property - you don't own the property outright, you only own it for a set period of time, after which ownership of the property reverts to the person that owns the land (i.e. the freeholder). Purchasing a leasehold interest is markedly different from freehold ownership and requires a number of careful considerations. Read ALEP's article to find out more.
It should go without saying that now more than ever, it’s important to keep costs down in construction projects. With the prices of both materials and labour significantly higher than they were a couple of years ago, it would be foolish not to look for ways to save money. Read more to find out how using good design can help to keep construction costs down.
