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Rents drop across the UK as government measures hit landlords

first_imgRents are tumbling across many parts of the UK according to the latest rental index from referencing firm HomeLet, whose Chief Executive has questioned the wisdom of recent government measures to reduce landlord appetite for investment.HomeLet says rents fell in the UK by 0.3% last month, the first time this has happened since late 2009 and that rents in London have dropped by 3% over the past year from £1,572 a month last July to £1,502 a month in May.“May 2017 saw average rents nationally fall for the first time in eight years when the economy had suffered the shock of the financial crisis,” says Martin Totty, Chief Executive of HomeLet (pictured, left).“[Our] rental data suggests landlords are now facing a difficult balancing act between ensuring rents are affordable for tenants in a low real wage growth environment whilst covering their own rising costs.“Tenants will still need a vibrant and growing rented sector to provide them with property options at the time of their choosing.“Any constraint to the supply of rental properties, because landlords are unable to achieve the reasonable returns they require, cannot be in the long term best interests of tenants, especially if, as we’ve now heard from all the main political parties, the UK’s population continues to grow.”Rents fallingThe average rent across the UK for a new tenancy in May dropped to £901 which HomeLet describes as a “significant moment for the rented property sector” because rental price growth has been slowing in recent months since hitting a peak of 4.7% last summer.But it’s not just London’s crazy property market dragging the rest of the country down. Rents also fell dramatically in several key areas including the North East (-2.3%), Scotland (-1.9%), the South East (-1.5%) and Yorkshire & Humberside (-0.6%).The average UK figure would be much worse if it wasn’t for several regions where rents are picking up including the East Midlands (+3.3%), the North West (+2.2%) and the South West (+2.1%).The reasons for the slowdown have been blamed squarely by the lettings industry on the government’s recent financial squeeze on landlords including most recently by Belvoir in its Q1 review of the rental market.Read the full HomeLet index. Martin Totty HomeLet June 6, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Rents drop across the UK as government measures hit landlords previous nextHousing MarketRents drop across the UK as government measures hit landlordsHomeLet survey reveals extent of rent reductions as Homelet Chief Executive questions anti-landlord policy.Nigel Lewis6th June 20170989 Viewslast_img read more

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New Housing & Communities Secretary: James Brokenshire

first_imgAmber Rudd’s departure this morning from the Home Office has caused yet another round of musical chairs at the Government.Housing and Communities Secretary, Sajid Javid (pictured right) has replaced her, and he, in turn, is replaced by James Brokenshire (pictured left). Mr Brokenshire was formerly Northern Ireland Secretary, but resigned due to ill health, but now returns to Government, following successful treatment.This morning, he tweeted, “Honoured to have been asked by the Prime Minister to serve as Secretary of State at the Ministry of Housing, Communities and Local Government. Looking forward to taking the Government’s agenda forward especially on buildings the homes our country needs.”The ever-positive LibDem leader, Vince Cable, said that, “The trouble is only just beginning,” for Theresa May.More background on the new Housing Minister here.Housing and communities secretary James Brokenshire Housing Minister Sajiv Javid secretary of state for housing April 30, 2018Sheila ManchesterWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » New Housing & Communities Secretary: James Brokenshire previous nextRegulation & LawNew Housing & Communities Secretary: James BrokenshireSajid Javid moves on to the Home Office, James Brokenshire picks up the brief.The Negotiator30th April 201802,121 Viewslast_img read more

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Guns, Control, Obama, and Orlando

first_imgGuns, Control, Obama, and OrlandoBy Richard Moss, MDIt is the habit of the left to seek greater control, always, of course, for the public good. It further has the tendency to use catastrophic events to push through unwise legislation, even as the ruins are still smoldering.But this latest crisis should have nothing to do with new gun control initiatives but rather an analysis of government ineptitude combined with an unavoidable reality, which is the existence of evil, and evil individuals that commit atrocities. In this case an Islamic terrorist, a Jihadist, acting in the name of his religion and his God, under the auspices of ISIS, the Islamic State, as occurred in a bar in Orlando.In the aftermath of the mass killing, President Obama, the Democratic Party, the left, and their patrons in the media, even while the bodies were still warm, sought to politicize the event, exploiting the powerful emotions at work, not to heal or enlighten, or unify the nation, but to advance an agenda, and chip away at the Constitution. Obama used the opportunity to speak of gun control but not border control or terrorist control or importing Syrian refugees, many of them sympathetic to ISIS, or the evisceration of our military, or their tepid rules of engagement. Nor did he mention “gun-free zones,” which become kill zones like the bar in Orlando. He spoke of taking away the rights of law abiding American citizens and lectured us about the need for “soul searching,” even as 49 American bodies were being carted away.But this was a failure not of the American people or the Constitution but of Obama and his administration that helped create ISIS and the refugee crisis by abandoning an Iraq already secured by American blood and treasure. Obama and the left have also promoted the cancer of political correctness, of censorship and totalitarian thought control, to metastasize throughout the executive branch, the FBI, CIA, and the military, our schools, colleges, courts, and police, the media, entertainment, and Hollywood, the deliberate inculcation of Sharia or Islamic law that prevents meaningful discussion and criticism of Islam, its beliefs, values, and lack of reform in over 1400 years. Such censorship imposed by Obama has made it impossible to properly track and intervene before Muslim terrorists act such as occurred in Orlando, San Bernardino, Fort Hood, and elsewhere or to monitor radical Mosques. Instead of scolding law abiding Americans, he should have examined his policies, which have led to so much death and destruction.The effort to polemicize the issue though is predictable, for the left is uncomfortable, not necessarily with guns but who has them, which is to say, the individual or the state. The left holds that the ability to inflict violence is the province of the state; individuals with the capacity to defend themselves crosses a line for them, for such awesome power outside the state is anathema, incompatible with leftist ideology and DNA.The target of the left is ultimately the Constitution itself, the Bill of Rights or much of it, and specifically here, the Second Amendment. The left is uncomfortable with centers of power outside the sphere of government; as the left is hostile toward the church and family, two bedrock institutions of the civil society that exist apart from government; so, too, the left bears unbridled disdain for gun owners who may exercise power beyond the realm of the state, the power to inflict violence if necessary in their own self defense. Power for the left must be concentrated in a central government and its deputies, not disseminated through the civil society, where the state does not tread.But this right is inalienable as is the right to life, for if our lives are threatened than the right to defend our lives is required by our Declaration of Independence, hence the right to bear arms as encoded in the Constitution through the Second Amendment. The two are necessary complements and intertwined, the right to life and the right to defend one’s life. For what good is the right to life and liberty if you cannot defend it against those who would take it from you including criminals, terrorists, and a despotic government.The Second Amendment is critical to any understanding of the nation and its founding spirit. It exists because of the value placed by the framers on life and individual sovereignty. It was also seen as a bulwark against tyranny, of an all-powerful, central government, a grave concern for the founders who had just fought a war against tyranny in the form of the British Crown. It is consistent with a society that embraces autonomy and freedom and rejects coercive state power as well as threats to life and property. History has also shown us regimes that enjoyed a monopoly on firearms, and they have been its most violent and brutal.If the left was serious about controlling gun violence, they would secure our southern border, stop importing refugees from Syria, stop releasing violent felons and criminal illegal aliens into our streets, or terrorists from Guantanamo. They would end sanctuary cities and not appoint “catch and release” judges that are soft on crime. They would stop left wing politicians from destroying our inner cities where most gun violence occurs.They would halt immigration from Islamic nations until such time that Islam has undergone critical self-examination or, as Obama would call it, “soul searching” and meaningful change. They would monitor potential Muslim terrorists and intercede before they act and surveil radical Mosques and organizations. And they would call radical Islamic terror by its name instead of wishing it away.We must defend our Constitution and our 2nd Amendment. I thank God I live in a country where I can protect my loved ones and myself.Brief Bio: Richard Moss MD is a practicing Ear Nose and Throat Surgeon, author, and columnist who resides in Jasper IN. He recently lost his bid for the Republican nomination for Congress in Indiana’s 8th district. Find more of his essays and blog posts at exodusmd.com. Also find him on Facebook, Twitter, YouTube, and Instagram.FacebookTwitterCopy LinkEmailSharelast_img read more

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Our Favorite Fan Photos from Broadway.com’s The Wiz Live! Scavenger Hunt

first_img View Comments Another brand new day, another live musical telecast and another Broadway.com Scavenger Hunt! During NBC’s The Wiz Live! on December 3, Broadway.com readers eased on down to Twitter and shared some positively funky shots with us as they watched for all things worthy of #PraiseHands, #Woof and more. Take a look at some of our favorite #WizHunt entries below—you owe it to yourself to check it out![View the story “#WizHunt” on Storify]last_img

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Matthew Broderick Will Lead Shining City Off-Broadway

first_img Two-time Tony winner Matthew Broderick will headline Conor McPherson’s Shining City at Irish Rep. Directed by Ciarán O’Reilly, the production will play a limited engagement May 17 through July 3. Opening night is scheduled for June 9 at the theater’s newly renovated Chelsea home at 132 West 22nd Street.Along with Broderick (How to Suceed…, Brighton Beach Memoirs), the cast will include Billy Carter (The Weir), Lisa Dwan (the Beckett Trilogy) and James Russell (Port Authority).John (Broderick) is seeking help from Ian, a counselor (Carter), after the unexpected death of his wife. Though shaken by the loss, John is troubled by more than just grief; he has begun to see his wife’s ghost in their home.Shining City had its world premiere in London’s West End at the Royal Court Theatre in June 2004. The U.S. premiere was at Broadway’s Biltmore Theatre, where it opened on May 9, 2006. The show was nominated for two Tony Awards, including Best Play; this production marks the first New York City revival since the Main Stem incarnation ten years ago.The production will feature scenic design by Charlie Corcoran, costume design by Martha Hally and lighting design by Michael Gottlieb. Original music is by Ryan Rumery. View Comments Matthew Broderick(Photo: Bruce Glikas)last_img read more

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Vermont tax revenues below targets as recovery lags

first_imgSecretary of Administration Neale F Lunderville announced today that Vermont’s July revenue figures for the General Fund and Transportation Fund fell below targets, while the Education Fund exceeded its target.General FundSecretary of Administration Neale F Lunderville released the July 2010 General Fund Revenues today. July is the first month of fiscal year (FY) 2011. General Fund revenues totaled $82.22 million for July 2010, and were -$3.61 million or -4.21% below the $85.83 million consensus revenue forecast for the month. July is the first month of the fiscal year; therefore the monthly and year to date results are the same.The monthly targets reflect the revised Fiscal Year 2011 Consensus Revenue Forecast approved by the Emergency Board at their July 15, 2010 meeting. Statutorily, the State is required to revise the Consensus Revenue Forecast two times per year, in January and July. The Emergency Board may schedule interim revisions if deemed necessary.Personal Income Tax (PI) receipts are the largest single state revenue source, and are reported Net-of-Personal Income Tax refunds. Personal Income Tax receipts for July were recorded at $43.27 million, or -$1.99 million or -4.40% below the monthly target of $45.26 million.Corporate Income Taxes for July, which are also reported net-of-refunds, were recorded at -$0.81 million against a target of $1.62 million, or -$2.42 million (-149.86%) below the monthly target of $1.62 million, due to higher than expected corporate refund activity.The consumption taxes were above target for July; Sales & Use Tax receipts of $19.88 million were above target by +$0.19 million (+0.94%), while Rooms & Meals Tax receipts of $10.07 million were above target by +$0.11 million (+1.05%).The remaining tax components include Insurance, Inheritance & Estate Tax, Real Property Transfer Tax, and ‘Other’ (which includes: Bank Franchise Tax, Telephone Tax, Liquor Tax, Beverage Tax, Fees, and Other Taxes). The results for July were as follows: Insurance Tax, $0.28 million (-18.04%); Estate Tax, $0.90 million (-33.05%); Property Transfer Tax, $0.74 million (-11.11%); and ‘Other’, $7.87 million (+16.43%).Transportation FundSecretary Lunderville also reported on the non-dedicated Transportation Fund Revenue for July. Total non-dedicated Transportation Fund receipts of $15.57 million for July fell short of target by -$0.13 million (-0.80%), against the July target of $15.70 million.Individual revenue receipts components for July were: Gasoline Tax, $5.15 million or -1.12% short of target; Diesel Tax, $0.70 million or -10.91% below target; Motor Vehicle Purchase & Use Tax, $3.21 million or -3.19% below target; Motor Vehicle Fees, $5.52 million or +8.65% above target; and Other Fees, $1.00 million or -23.99% below the monthly target.Secretary Lunderville also reported on the July results for the Transportation Infrastructure Bond Fund (’TIB’). TIB Fund Gas receipts for July were $1.33 million or -5.00% short of target. TIB Fund Diesel receipts were $0.08 million or -10.97% short of target for July. TIB Fund receipts are noted below the following table:Education FundThe ‘non-Property Tax’ Education Fund revenues (which constitute 11.75% of the total Education Fund sources) were released today by Secretary Lunderville. The non-Property Tax Education Fund receipts for July totaled $12.55 million, or +$0.04 million (+0.32%) above the $12.51 million target for July.The individual Education Fund revenue component results for July were: Sales & Use Tax, $9.94 million, or +0.94% ahead of target; Motor Vehicle Purchase & Use Tax, $1.60 million or -3.19%; Lottery Transfer, $1.00 million – exactly on target; and the Education Fund Interest receipts were essentially $0, as was the target.Conclusion‘July’s target is always difficult to parse out from the annual Consensus Revenue Forecast. Over the last two decades, the July results have deviated from the July targets more often than not. One month’s results are insufficient to project a revenue trend ‘ up or down,’ said Secretary Lunderville. ‘However, we remain vigilant in the face of a weak recovery which seems to have lost momentum.’last_img read more

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Prepare to engage with New Military Lending Act requirements

first_img 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Changes to the Military Lending Act (MLA) will have a significant impact on credit union consumer lending, Andrea Stritzke, CUNA Mutual Group’s director of lending compliance, told CUNA Regulatory Compliance School attendees Tuesday in Boston.Previously, the MLA wasn’t a major concern for credit unions because the rule’s consumer protections applied only to a handful of consumer credit products.But that changed when the rule was updated this summer.“You now have to worry about it,” Stritzke said, adding that the new rule:Expands the definition of consumer credit;Imposes a 36% annual percentage rate cap for consumer credit for servicemembers;Amends provisions related to assessing who’s covered under MLA (it’s now the credit union’s responsibility); andModifies necessary disclosures.The big change is the new definition for consumer credit in the MLA. continue reading »last_img read more

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The Brisbane bayside property market on the up in 2020

first_imgThis property at 25 Waterloo Esplanade is on the market in Wynnum through Marc Sorrentino of Place Manly. Picture: supplied.The bayside real estate market had a slow start to 2019 but finished the year with a bang and local experts are predicting the favourable conditions will continue through 2020. According the Core Logic data, Gumdale was the best performing suburb in the Wynnum Herald catchment in 2019 with the median house price increasing 28.6 per cent to $1.019 million. The Wakerley median home price was up 4.4 per cent to $787,000 while Manly’s median house price increased 3.6 per cent to $790,000.The three suburbs were also the top performers for the decade with Gumdale, Wakerley and Manly seeing average annual increases of 5.3 per cent, 3.6 per cent and 3.3 per cent respectively. Marc Sorrentino of Place Manly said the bayside market was sluggish at the beginning of the year but “finished with a bang”. “I feel domestic politics with an election and a likely labour win contributed to (the slow start) along with international politics and trade wars,” he said. “Towards the end of the year buyers realised interest rates are at an all-time low and the market is moving up with most predicting a 20 per cent lift in Brisbane.“It’s for these reasons I think … come early January we will see this growth in sales continue and 2020 will be one of the better years in real estate for the bayside.” Marc Sorrentino of Place Manly. Picture: supplied.Mr Sorrentino specialises in high end waterside property. He said Manly was his standout suburb of 2019, taking out the region’s top waterside sales of last year. Mr Sorrentino was responsible for Manly’s most expensive sales of 2019 with 8 Wellington St selling for $1.95 million in November, 67 Oceana Tce selling for $1.88 million in June and 7 Britannia St selling for $1.775 million in January. “Interestingly this year we had many buyers coming from the Bulimba, Hawthorne and Morningside areas,” he said. “Factors such as a second flight path and increased noise along with development making that area even busier seem to be the driving forces for the move to the bayside suburbs.”Mr Sorrentino said there were still bargains to be had at the high end of the bayside market. “If buyers want big water views then it’s on The Esplanade where they’ll get the better bargains,” he said. “Land is about 25 per cent cheaper and you can still pick up a doer-upper for around $1 million, which is so cheap compared to any other waterfront (property) around Australia.” Gail Gobey of Sash and Gable Property said listings were down in the lower to mid-range market but buyer interest was still strong. Gail Gobey of Sash and Gable Property says there was plenty of buyer activity in the bayside market. Picture: supplied.“The sales we can report on in Wynnum, Manly, Manly West and Wynnum West all held their own with the end of the year showing strong growth with our auction clearance rate well above average,” she said. More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoMs Gobey was optimistic about the bayside market in 2020. “We are seeing investors return to the market – mainly (from) interstate, Sydney and Melbourne in particular. This will see prices maintained or increasing over the next two quarters and we expect a greater increase in property prices in this mid to low price range in the second half of 2020.”When it comes to the acreage market, Deborah Evans of Remax Results said savvy buyers were getting in before the next price jump.“We’re due for some great increases in value and that’s a big motivation for buyers to purchase, the buying market can sense prices will increase for that capital growth,” she said. Deborah Evans of Remax Results says interest in acreage property remains strong. Picture: supplied.Ms Evans said the spring selling season in 2019 was slow to start but predicted strong results in 2020. “I’m very excited about the new year. Everyone has recovered from the banking issues and with interest rates being so low, we’ve got committed buyers that are really looking for a quality location,” she said. Ms Evan said buyers looking at acreage areas such as Belmont, Chandler and Gumdale were chasing privacy, high end homes and easy access to the Brisbane CBD and the bay. “We’re seeing (high inquiry) right across the board and certainly in the higher end (of the market),” she said. “We’ve been selling properties the first couple of weeks on the market with multiple offers.”last_img read more

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Cranberry Martini.

first_imgFood & DiningLifestyle Cranberry Martini. by: – June 22, 2011 Share Sharing is caring! 38 Views   no discussions Sharecenter_img Cranberry MartiniUse good quality vodka and fresh cranberries to make your own cranberry-flavored vodka for this appealing martini. Coating the rim of the glass with vanilla-flavored sugar makes the cocktail even more special.You can make homemade vanilla sugar quite easily, but this should be done several weeks in advance of mixing the drink, because the time required for the vanilla bean (which is inserted into a jar with the sugar) to infuse the sugar with its flavor is quite lengthy.Ingredients:1 cup cranberries1 cup granulated sugar1 cup water1 750 ml-bottle good-quality vodka1 recipe Vanilla Sugar (optional)Ice cubesCranberries (optional)Directions:1.To make cranberry-flavored vodka, in a 1-1/2-quart saucepan combine 1 cup cranberries, 1 cup granulated sugar, and water. Bring to boiling, stirring until sugar dissolves. Continue to cook just until cranberries start to burst. Remove from heat, cool 30 minutes. Strain cranberry mixture, reserving cranberries and liquid. In a large glass pitcher, combine vodka, reserved strained cranberries, and 2/3 cup of the reserved liquid (discard remaining liquid). Cover and freeze for 3 days.2.Strain cranberries out of vodka; discard cranberries (you should have about 4 cups vodka mixture). If desired, place some Vanilla Sugar on a small plate. Dip rims of eight martini glasses in water and in Vanilla Sugar to coat rims; set aside.3.Place ice cubes in a martini shaker. For four drinks, add 2 cups vodka mixture; shake. Strain into four of the prepared glasses; repeat. If desired, garnish with additional cranberries threaded onto small skewers. Makes 8 drinks.4.Vanilla Sugar: Fill a quart jar with 4 cups granulated sugar. Cut a vanilla bean in half lengthwise and insert both halves into sugar. Secure lid and store in a cool dry place several weeks before using.Recipe source: BHG.com Share Tweetlast_img read more