Posts by EAN Breaking News
Slight rise in house prices as market maintains strength
Halifax House Price Index • House prices increased by +0.3% in April vs -0.5% in March • Average property price now £297,781 compared to £296,899 in previous month • Annual rate of growth at +3.2% up from +2.9% in March • House prices remarkably stable over last six months, down by just £48 • Northern…
Read MoreIndustry Reacts to Bank Rate Cut
Nathan Emerson, CEO of Propertymark: “Today’s news will no doubt be extremely welcome for many, especially given current economic uncertainties. International bodies have recently stated they expect interest rates to fall in the UK as the year progresses. Overall, we hope to see interest rates further continue their downward trajectory over the course of 2025. …
Read MoreZoopla crowns Glenrothes the most popular affordable town for families as one in three fear being priced out of their ideal area
New Zoopla research pinpoints Glenrothes in Scotland, with an average three-bedroom home value of £136,900, as the most attractive option for families seeking affordability All of the towns in the top ten are located in Scotland and Wales, apart from Dartford and Swanley in the South East Three-bed homes in the most popular affordable towns…
Read MoreUK government admits almost no evidence nature protections block development
Environmental lawyer says it’s deeply frustrating that the Government is pushing major changes to conservation law without supporting data or research Whitehall analysis provides no data or research to support the government argument that environmental legislation holds up building. Ministers say the new bill will speed up housing developments and large infrastructure projects by allowing…
Read MoreHomeowners making over-payments worth £2,647 per year to reduce mortgage term
Pace of mortgage and rent spending growth slows in April Rent and mortgage spending increased by 5.2 per cent year-on-year in April, down slightly from 5.4 per cent in March, amidst widespread rate reductions from lenders One in four mortgage holders are making loan overpayments, averaging £221 extra per month Council tax hike for second…
Read MoreBank of England Money and Credit Report – March 2025
These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals increased sharply by £9.7 billion to £13.0 billion in March,…
Read MoreHousing sector ranks second for customer complaints
New research from Ventrica has revealed the revenue benefits for brands that invest in providing emotive customer experiences (CX) that consumers want. The company surveyed over 2,000 UK consumers and found that over the last 12 months, only 4 per cent of positive experiences were delivered by AI and only 18 per cent were a…
Read MoreRightmove’s weekly mortgage tracker – 30/04/25
Rightmove’s mortgage expert Matt Smith says: “Average rates have continued to slowly come down over the last week, while the cheapest available fixed mortgage rate is a 2-year fixed rate at 3.79% for those with the largest deposits. I think lenders are now biding their time until the 8th May Bank Rate decision, and will…
Read MoreLatest HMRC UK Property Transactions Report
Headline statistics from the latest transactions data include: The provisional seasonally adjusted estimate of the number of UK residential transactions in March 2025 is 177,370, 104% higher than March 2024 and 62% higher than February 2025 The provisional non-seasonally adjusted estimate of the number of UK residential transactions in March 2025 is 164,650, 89% higher…
Read MoreAnnual house price growth slows slightly in April
Annual rate of house price growth slowed to 3.4% in April, from 3.9% in March House prices down 0.6% month-on-month Headlines Apr-25 Mar-25 Monthly Index* 539.3 542.4 Monthly Change* -0.6% 0.0% Annual Change 3.4% 3.9% Average Price (not seasonally adjusted) £270,752 £271,316 *Seasonally adjusted figure (note that monthly % changes are revised…
Read MoreSdlt Hike Spurs Record Home Sales by Auction
iamproperty is crediting the recent Stamp Duty Land Tax (SDLT) hike and rising consumer awareness as the reasons behind a record-breaking quarter for Auction. The market conditions led to an 11% increase in the number of iamproperty Auction sales in the first quarter of the year, compared with the same period last year. iamproperty’s Partner…
Read MoreSize Matters in Planning
The House Builders Association (HBA), the housebuilding division of the National Federation of Builders (NFB) has reignited its campaign for the planning system to adopt five clear site size definitions, replacing the current, arbitrary ones of ‘Minor’ (one to ten homes) and ‘Major’ (ten and above). Richard Beresford, Chief Executive of the NFB, said: “In…
Read MorePopping the Asking Price Bubble
Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More‘The property ladder pulls further away’ warns Open Property Group
For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read MoreMortgage completions surged 50 per cent in March amid race to avoid higher stamp duty
March saw highest volume of mortgage completions recorded since September 2021 Homebuyers report now needing an additional £13,530 on top of the property price to cover taxes and fees Three in four have seen housing costs rise, up £126 on average per month Renters’ confidence in their ability to purchase a property within five years…
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