More than 500 households will no longer be subject to terms that cause their ground rents to double in price following a new intervention from the Competition and Markets Authority.
Early signs for the market in 2024 are increasingly positive, with metrics for buyer demand, sales and new instructions all heading in the right direction.
The landlord, who illegally converted a property into six flats, has been ordered to pay more than £220,000 after Haringey Council successfully prosecuted the company.
The Department for Levelling Up has confirmed that the new rules which will see council tax doubled on long-term empty properties will come into force from the 1st of April this year.