Posts by EAN Breaking News
Housing Market Surges as Stamp Duty Changes Drive Buyer Activity
UK Finance today releases its latest Household Finance Review for Q1 2025, which explores trends in household spending, saving, and borrowing. Mortgage lending surged in the first quarter of 2025, driven by homebuyers seeking to complete purchases before changes to Stamp Duty took effect in April. Household savings continued to grow, particularly in notice accounts…
Read MoreMortgage Approvals Down in April
The latest figures show that: – Mortgage approvals on house purchases for April sat at 60,463 down (-4.9%) from 63,603 in March. This signals four consecutive months of decline. Approvals are also lower (-2.1%) than the 61,740 seen in April 2024. Despite the decline, there is still optimism for growth in the coming months, especially…
Read MoreBuild to rent completions up, but sector has seen slowdown in construction
New research by Inventory Base reveals that the number of build to rent completions has increased by almost 16% in the past year, however, there has been a significant dip in the number of BTR buildings currently under construction. Inventory Base has analysed UK build to rent (BTR) construction planning data* and found that in…
Read MoreResponse to latest Nationwide House Price Index
Comment on latest Nationwide data showing a 3.5% increase in house prices from the Industry. Nathan Emerson, CEO at Propertymark: “It is reassuring to witness consistent house price growth and a strong appetite as people continue to approach the homebuying and selling process, especially when the UK economy continues to adapt to both domestic and…
Read MoreAnnual house price growth edged higher in May
Annual rate of house price growth increased marginally in May to 3.5%, compared to 3.4% in April House prices were up 0.5% month on month House prices in predominantly rural areas have risen by 23% over the last five years, compared to 18% in more urban areas Commenting on the figures, Robert Gardner, Nationwide’s Chief…
Read MoreHousehold Costs Indices for UK household groups: January to March 2025
Household Costs Indices, 12-month growth rates, expenditure shares and contributions for UK household groups and all-households. These are official statistics in development. Main points Overall UK household costs, as measured by the Household Costs Index (HCI), rose by 2.6% in the year to March 2025; this is a fall from 2.9% in the year to…
Read MoreWhy Rural House Prices Are Surging Faster Than Cities
New analysis from Open Property Group reveals that rural England is facing an affordability crunch, as house prices in the countryside outpace urban growth, despite lower average wages and higher living costs in remote areas. These shifting dynamics are challenging the long-standing assumption that rural life offers a more affordable and sustainable alternative to the…
Read MoreLiverpool home to the nation’s busiest estate agents
The latest research by eXp UK, the platform for personal estate agents and estate agency businesses, has shown that the average agent is listing 26 properties in the current market, but it’s agents in Liverpool who are the busiest, listing an average of 46 properties per agent. eXp UK analysed current market data on the…
Read MoreGovernment to help SME builders
The Government has announced a package of proposals to directly help small and medium sized builders (SMEs) and they include a ‘Medium’ sized site definition to enable more proportionate planning requirements, streamlined planning for ‘Minor’ sized sites and more targeted support for access to land and finance. Richard Beresford, Chief Executive of the National Federation…
Read MoreUK housing market springs back: Busiest May for home sales since the 2021 pandemic boom
Buyers and sellers have sprung into action after Easter, with the number of sales agreed in May the highest in four years Most sellers are also buyers who are seizing the opportunity to agree purchases, enticed by some attractive mortgage deals and the ability to borrow up to 20 per cent more Increased market activity…
Read MoreThe five MOST searched mortgage questions answered by a property expert
With terms including the word ‘mortgages’ generating over half-a-million Google searches a month (595k) in the UK alone, it’s clear that many prospective homeowners are still confused about how mortgages work, what they’re eligible for, and how to navigate a challenging market. To help provide clarity, Luke Williams, Specialist Property Advisor, at Pure Property Finance,…
Read More53% of Tenants likely to challenge rent increases, but fair landlords have little to fear, says LRG report
More than half of tenants say they are likely to challenge rent increases under the incoming Renters’ Rights Bill (RRB), according to new research by LRG (Leaders Romans Group). However, the figures also show that nearly half of the tenants surveyed would not look to challenge a rent increase, a reflection, LRG says, of the…
Read MoreNationwide report Rural rules the roost
Rural rules the roost as countryside homes plough ahead of urban properties for house price growth House prices in predominantly rural areas have risen by 23% over the last five years, compared to 18% in predominantly urban areas Rural terraced properties have seen the strongest rate of price growth, urban flats the weakest Commenting on…
Read MoreInheritance Tax Receipts raise £0.8 billion in one month
Inheritance tax receipts hit £0.8 billion in April 2025 according to data released by HM Revenue and Customs (HMRC) this morning. This is £97 million higher than in April of the previous tax year, and continues an upward trend over the last two decades. With such a strong start to the new tax year, predictions that Inheritance tax…
Read MoreLondon rental market rebalances amid rising supply
Foxtons data shows There was a 5% increase in market supply in April, and a 9%, increase in market supply of new instructions year to date The average rent in April 2025 increased by 3% to stand at £589 per week April saw a 3% month-on-month reduction in applicant registrations, which goes against the trend…
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