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…

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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…

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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…

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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…

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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…

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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…

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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…

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new build home fronts

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…

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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…

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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…

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New Build for Merseyside

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…

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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…

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