Just like that, we’ve hit the quarter mark for 2022, having navigated through three months of the year already – and what a time it’s been!
From a surging demand for rental properties and an unwelcome increase in the cost of living, to a record high for the number of first-time buyers and a slow return to a slightly more stable market, the property industry certainly hasn’t stood still.
So, what’s been on the cards throughout March? Delve deeper into this month’s headlines below…
Market shows signs of an early spring bounce
Almost 100,000 homes changed hands throughout February, showing a 15% increase from the previous month and a promising early start for the typically busy spring season.
The rebound in sales should be music to the ears of anyone hoping to sell a property, indicating both the continuing demand and productive intent to purchase from prospective buyers.
Funding secured to support low-carbon residential scheme in Leeds
Sustainable developer, Citu, has secured a £20m finance package to accelerate the transition to zero carbon cities with a new urban development in Leeds City Centre.
Once complete, the latest phase of their low-carbon Climate Innovation District will be an immersive community of more than 1,000 sustainable buildings underpinned by leisure, offices, a primary school, care home, and a factory where the buildings are manufactured.
And they already have a host of other award-winning, low-energy developments in the pipeline.
Calls to welcome Ukrainian refugees
March saw the introduction of the ‘Homes for Ukraine’ initiative, encouraging UK tenants to open their properties to people who have been displaced as a result of the ongoing crisis in their home country.
If property owners have a spare room available in their home, the new arrangement allows them to offer a minimum of six months accommodation and receive a £350 monthly ‘thank you’ payment to those who choose to become a host.
It is comforting to see such a high volume of people stepping forward to help at this difficult time.
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