Building Regulation changes to come into force in June
Following public consultation, the Government announced this week that changes to Building Regulations Parts L and F will come into force in June 2022.
Under the new regulations, CO2 emissions from new-build homes will be around 30% lower than current standards, through changes in design to reduce overheating.
The Government described the changes as a step towards the Future Homes and Building Standard in 2025, which will mean all future homes are net zero carbon ready.
If a building notice, initial notice, or plans for building are submitted to the local authority by June 2022, then – provided construction commences by June 2023 – previous regulations on that dwelling can be adhered to.
Official figures reveal annual house price rise in October
This week saw the release of official house price figures by the Office for National Statistics, whose report revealed that house prices rose 10.2% in the twelve months to October 2021.
This meant that the average house price rose £24,000 in a year, reaching £268,000. Wales saw the greatest increase, at 15.5%.
Meanwhile, Rightmove reported a 6.3% annual rise in December, although house prices fell in the month by -0.7%.
With two months of data still to be reported, the property website also revealed that 2021 has already seen the highest level of completed home sales since 2007.