Posts by EAN Breaking News
Glenigan Summer Forecast: Boom Times Ahead For UK Construction
Construction intelligence specialists predict major performance uptick over the next three years. UK construction sector set to grow 24% over the forecast period Private housebuilding is set to increase significantly, with an 18% activity increase predicted in 2027 Industrial & Commercial gradually strengthens as UK economic growth gathers pace, supported by increased business investment Increased…
Read MoreFive businesses expelled by The Property Ombudsman
Three estate agents and two letting agents have been expelled from The Property Ombudsman for failing to pay compensation awards to consumers. Prime Property Agents on Clarendon Street, Nottingham, failed to refund a buyer’s £7,200 reservation fee after a purchase fell through. The agent did not follow their own terms and conditions, failing to present…
Read MoreThe impact of Trump on the UK property market
By Kevin Shaw, National Sales Managing Director, Leaders (an LRG company) The property market tends to thrive when the economy is strong and stable. Historically, economic uncertainty has negatively impacted house buying and selling, as people tend not to make big life changes and new investments when job security, the cost of living and political…
Read MoreTwo-year mortgage deals the lowest they’ve been since 2022 – but will they remain?
New research from Moneyfacts has shown that two-year mortgage deals are at the lowest they’ve been in two years and have also fallen to their biggest margin in over six months. The current average mortgage according to research is at 5.18%, having fallen by 0.14% in the past month. Meanwhile, five–year rates currently stand on…
Read MoreHorse Guards Parade property prices up 17% since last Trooping the Colour
The latest property market analysis from London’s number one lettings and sales estate agency brand*, Foxtons, has found that it’s not just military prowess on show during Trooping the Colour this weekend, as house prices within the SW1A postcode, home to Horse Guards Parade, have soared by 17.3% over the last year, demonstrating the pedigree…
Read MoreWhat landlords need to know about the upcoming Renters Rights Bill
The government’s long-awaited Renters Rights Bill is one of the most significant overhauls of the private rental sector in decades. While it has not yet received royal assent, the legislation is expected to come into effect late this year, or early in 2026. With the bill moving closer to becoming law, Steven Bond, managing director…
Read MoreHomeward Bound
Homeward bound: 74 per cent house price growth over twenty years and affordability barriers price Brits out of their childhood hometowns House prices across the UK have increased by an average of 74 per cent, over the last 20 years, from £113,900 to £268,200 52 per cent of Brits have said they would consider a…
Read MoreGrowth in mortgage and rental spending slows for third consecutive month in May
Consumer spending on rent and mortgages grew 4.6 per cent year-on-year in May, slower than the 5.2 per cent recorded in April Spending on utilities rose 4.4 per cent, likely as a result of April’s energy price cap changes Seven in 10 of those remortgaging in 2025 anticipate higher costs, estimating repayments will rise by…
Read More£39bn boost for affordable homes programme
Following today’s Spending Review where affordable housing has been allocated £39bn over the next 10 years, here are some thoughts from the Industry. Alex Slater, Rightmove’s housebuilding expert: “Today’s news is a really positive boost for the housebuilding industry and a step in the right direction. There aren’t enough affordable homes, so we welcome any…
Read MoreComment on Today’s Spending Review
Andy Jones, Group Director of Corporate Sales, Lettings & BTR at LRG: While the considerably increased funding for affordable housing is welcomed and will help provide a boost to new homes and affordable housing development, from a property investment perspective I feel that the Chancellor has missed an opportunity to tackle the development viability crisis…
Read MoreSmall builders must be at the heart of the housing solution
The Chancellor’s decision to spend £39bn to boost social housing projects is a welcome move to help tackle the housing crisis, but the delivery of these homes needs to be open to small local housebuilders who are often shut out of the procurement process, says the Federation of Master Builders (FMB). Brian Berry, Chief Executive…
Read MoreFor HMO landlords, bigger is better when it comes to yields
As Bradford emerges as the HMO yield capital of England, new insight from COHO, the HMO management platform, reveals that larger HMOs generate stronger yields than smaller ones despite requiring higher up-front investment costs. But should landlords be looking for even stronger returns by focussing their attention on the next generation of housemates? COHO has…
Read MoreChancellor intervenes to solve housing crisis
The Chancellor is expected to announce the biggest boost to social and affordable housing investment in a generation, allocating £39 billion over the next decade as part of a new Affordable Housing Programme. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “Rachel Reeves is backing up her planning reforms with the…
Read MoreThe rental boom is over: rental growth cools to four-year low however supply shortages squeeze low-income renters
Average rents for new lets are 2.8 per cent higher over the last year, down from 6.4 per cent a year ago – the lowest rate of rental inflation since July 2021 Supply of homes for rent is 17 per cent higher but still below average resulting in continued strong competition amongst renters on lower…
Read MoreMortgage Lenders and Administrators Statistics – 2025 Q1
Key findings The outstanding value of all residential mortgage loans increased by 1.2% from the previous quarter to £1,698.5 billion, and was 2.6% higher than a year earlier The value of gross mortgage advances increased by 12.8% from the previous quarter to £77.6 billion, the highest new advances since 2022 Q4, and was 50.4% higher…
Read More