Page 13 - Redbrik: Property & Lifestyle Magazine SPRING 2018

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SHEFFIELD TOPS THE TABLE FOR HOUSE PRICE GROWTH
MPs BACK LEGISLATION TO MAKE ALL HOMES COMPLY WITH MINIMUM EPC
MPs have backed a proposed
Bill that could see all domestic properties bought up to a minimum energy performance certi cate (EPC) rating of C by 2035.
Sir David Amess, Conservative MP for Southend West, has proposed the Domestic Properties (minimum energy performance) Bill.
Such a move would bring higher requirements than those being introduced for Landlords in April, when all buy-to-let properties must have a minimum EPC rating of E, and could eventually lead to agents having to police EPCs on homes for sale if it becomes law.
Instead, he said, all those living
in fuel poverty – de ned as households paying above the average energy costs which would be pushed below the poverty line by paying their bills – should have support to bring their homes to an EPC rating of C by 2030.
All homes, except where it is prohibitively expensive such as
in stately manors, should also be helped to reach this target by 2035, he said.
Amess said the energy sector should be encouraged by Government to come up with innovative solutions to support this.
House prices in She eld are increasing faster than in any other major city in the UK, a new report has revealed.
Property site Zoopla revealed the ndings after analysing property prices in Britain’s ten largest cities and towns.
It found the rate of growth in the She eld housing market has
increased by 5.63 per cent over the past 12 months – the fastest growth rate of the top ten cities listed in the report.
Zoopla estimated that the total property value for the city stands at £55.69 bn.
Rate of growth
1. She eld 5.63%
2. Glasgow 5.38%
3. Manchester 4.49% 4. Leeds 4.2%
5. Birmingham 4.08% 6. Edinburgh 4.04% 7. Bristol 3.8%
8. Nottingham 3.69% 9. Reading 2.37% 10. London 1.54%
Total Property value
1. London £1.506tr
2. Bristol £115.21bn
3. Glasgow £90.75bn
4. Birmingham £81.66bn 5. Manchester £80.47bn 6. Edinburgh £68.27bn 7. Nottingham £66.13bn 8. Reading £60.55bn
9. Leeds £59.05bn
10. She eld £55.69bn
MIDDLE-AGED AND MILLENNIALS MOVE TO PRIVATE RENTED SECTOR IN DROVES
There has been a signi cant increase in the proportion of people below the age of 44 in the private rented sector (PRS), as they nd owner occupation harder to achieve.
That’s one of the ndings in the English Housing Survey, which also notes that the drop in owner occupation among 25 to 34-year-olds is “particularly pronounced”. In 2016-17, the private rented sector accounted for 4.7m (20 per cent) households, making it larger
than the social rented sector, which accounted for 3.9m households (17 per cent).
Also, there was a marked increase in the proportion of those aged 25-34 in the private rented sector, rising from 27 per cent in 2006-07 to 46 per cent in 2016-17.
Over the same period, the proportion of the same age group in owner occupation over the same period
decreased from 57 per cent to 37 per cent. Owner occupation rates have remained unchanged for the fourth year in a row, making up 14.4 million households (63 per cent).
The survey said: “While the overall rate of owner occupation has
not changed in recent years, the composition of the group has: there are more outright owners, while the proportion of those buying with a mortgage is down.”
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