The CLG will consider exempting council tenants from Pay
to Stay in areas where social rents and market rents are similar. Civil
servants from CLG have drawn up draft regulations for ministers which include
an exemption in areas where the difference between market rent and social rent
is very small. Under the latest regulations, councils would compare the market
and social rents in the area, deduct an administrative cost per tenant which is
likely to be set by the government, and if the difference between the rents is
small then a council could receive an exemption. Read more on Inside Housing.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
11 hours ago
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