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The COP26 climate summit in Glasgow has drawn to an end, with mixed results. Many will feel the pledges haven’t gone far enough, while others will want to emphasise the significant progress that has taken place.
In the UK, leasehold is one of the main types of property ownership for flats. Other forms of ownership do exist – including commonhold and shared freehold – but most of the time, if you’re buying an apartment, it’ll be sold leasehold.
The government's Department of Levelling Up, Housing and Communities has said that its white paper on rental reform, which was part of a 2019 manifesto promise, has been delayed yet again. The further delay of publication from this autumn until 2022, comes as the creators of the report are given extra time to develop a balanced set of reform proposals.
On Wednesday 27 October, the chancellor, Rishi Sunak, delivered his Autumn Budget for 2021. It’s been marketed as a generous package of increased spending to boost the nation’s post-Covid recovery, but as always there are winners and losers – and not everything in it is quite as straightforward as it seems.
As the business of being a landlord becomes increasingly regulated and professionalised, letting agents too have upped their game. These days most of them are highly professional companies with experienced staff, codes of conduct and membership of industry bodies.
After an unexpected period for the UK's lettings market, which saw many tenants search for larger properties with more space as soon as they were permitted, the London rental market has begun to see a return of interest in smaller properties in prime locations. With many firms supporting a return to the office for their staff, a recent survey shows that interest in the pied-a-terre sector of the London market has increased over the summer months.
