Good morning, Europe. Monday begins with a fresh reading on Britain’s housing market and a timely reminder for social tenants dealing with serious hazards.
Reuters morning read: Asking prices for newly listed UK homes rose 1% in October, but the increase was smaller than the 1.3% usually seen for the month. Rightmove’s survey also found agreed sales were 8% below a year earlier and the average two-year fixed mortgage rate had risen to 5.55%. More homes were available for sale than at this point in any year since 2014, while higher borrowing costs were beginning to squeeze buyers even in previously resilient, more affordable areas.
Read more: Reuters: UK housing market shows signs of mortgage-rate pressure
Useful this morning: If you rent from a social landlord in England, know the repair timetable under Awaab’s Law. Potential emergency hazards must be investigated—and, if confirmed, made safe—as soon as reasonably practicable and within 24 hours. Potential significant hazards must be investigated within 10 working days, with a written summary due within three working days after the investigation. Report damp, mould or another serious hazard promptly and keep copies of messages and photos.
Read more: GOV.UK: Awaab’s Law repair timeframes
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