Halifax House Price Index November 2024
House prices in November 2024 were 4.8% higher than the same month a year earlier. House prices increased by +1.3% in November, a fifth consecutive monthly increase Property prices are up +4.8% on an annual basis (vs +4.0% last month) Typical property now costs £298,083, a new record Northern Ireland continues to record the strongest…
EAN Breaking News
Zoopla reveals buyer behaviour in Property for 2024
2024 in Property: Zoopla reveals buyer behaviour and user trends over the past 12 months, after the busiest sales pipeline in four years Disney-themed property in Wales is the most viewed property on Zoopla in 2024 with 219,000 views The average time to sell in 2024 was 33 days, down from 34 days in…
EAN Breaking News
UK Government’s ambitions for removing unsafe cladding
As at the end of October 2024, there are 4,834 residential buildings 11 metres and over in height identified with unsafe cladding whose remediation progression is being reported on in this release, an increase of 13 since the end of September 2024. Since the department first began reporting on all five remediation programmes in October…
EAN Breaking News
Rightmove’s weekly mortgage tracker – 5/12/24
The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was…
Rightmove
Barclays: Rent and mortgage spending reaches 14-month high
Rent and mortgage spending reaches 14-month high, as over half of Brits worry about the impact of rising rent or mortgage costs Growth in rent and mortgage spending increased 8.2% year-on-year last month, reaching a 14-month high, according to the latest Barclays Property Insights report. When asked about their household expenses, four in 10…
EAN Breaking News
Woodbridge in Suffolk crowned happiest place to live
Woodbridge in Suffolk has topped Rightmove’s annual list of the happiest places to live in Great Britain for the first time The study, now in its 13th year, was completed by over 35,000 people across Great Britain, and asked residents how they feel about a number of factors in their area The London borough…
Rightmove
UK government ignoring construction costs and threatening housing delivery
Commenting on how the UK government is overlooking construction costs, damaging UK housing delivery, Daniel Austin, CEO and co-founder at ASK Partners, said: “Government initiatives such as the 95% mortgage guarantee scheme and £5bn allocation for new homes are clearly positive initiatives. However, a critical issue remains overlooked: the cripplingly high construction costs that severely limit the number…
EAN Content
Five real estate opportunities to watch out for in 2025
Daniel Austin, CEO and co-founder at ASK Partners gives his opinion on five significant real estate opportunities in 2025. The UK real estate market in 2025 is set to offer a diverse range of opportunities. Key growth areas include build-to-rent (BTR), co-living spaces, student housing, hotels and offices. These sectors present promising avenues for investment…
EAN Content
What can I do as a landlord to ‘future-proof’ my business?
Here Allison Thompson, National Lettings Managing Director, Leaders Romans Group gives some pointers on how to future proof your lettings investments. What can I do as a landlord to ‘future-proof’ my business? Buy-to-let is a medium to long-term investment. To maximise your returns and see the benefit of capital gains – allowing for the market’s…
EAN Content
2025 Predictions for Residential Property Investment
Andy Jones, Group Director of Corporate & BTR at Leaders Romans Group (LRG), thinks that 2025 is set to be a good year for residential property investment. Government support for increased professionalism in the rental sector Fortunately for property investment, the government’s political ambition – and self-imposed, non-negotiable target – of delivering 1.5 homes this…
EAN Content
2025 Must be the Year that the Government Supports Shared Ownership
Peter Hawley, Director of SOWN, (part of Leaders Romans Group) thinks the government needs to support shared ownership in 2025. One of the greatest omissions from October’s Budget was support for first time buyers – in fact we saw the reverse: 5% more Stamp Duty on properties priced between £300,001 and £500,000 and a…
EAN Content
Nationwide data showing house prices rose – Thoughts from the Industry
The latest Nationwide data showing house prices rose at much higher pace than expected at 1.2%. Here are some thoughts from the property industry. Daniel Austin, CEO and co-founder at ASK Partners: “We continue to see a month-on-month rise in house prices, which is hopefully the sign of an upward trend developing for the…
EAN Breaking News