Three's an expensive crowd: new Scottish rules for renting out shared homes are worrying English letting agents

Article Abstract:

New legislation in Scotland means that all properties regarded as a house in multiple occupation will have to be licensed. By 2003, this will apply to three or more unrelated tenants. Some Scottish local authorities already regard all shared homes as houses in multiple occupation, and this has prompted concern in England, where the government is also planning stricter regulations.

Government regulation (cont), Scotland, Laws, regulations and rules, Real estate industry, Rental housing

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Are the huge debts on homes building up into another big crash?

Article Abstract:

House prices in the most highly populated parts of the UK are not sustainable, according to Cambridge Econometrics. In the South-east, prices are now 4.8 times average income, from an average of 3.8 times over the period 1974 to 2000.

United Kingdom, Prices and rates, Housing, Regional economics

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Recession? Not in our street

Article Abstract:

Recent trends in UK house prices are discussed. There is some nervousness among purchasers in London, England, but this has not affected places such as Manchester, England, or Edinburgh, Scotland. In general, negotiations have become tougher.

Economic aspects, House buying, Home buying

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