Posts by EAN Breaking News
Greenpeace Ruling Exposes UK Government Policy
In January 2025, Greenpeace brought a collective action against the Dutch state for failing to comply with a 2018 European Court of Justice ruling on nutrient neutrality. An appeal is expected: however, as the UK Government has adopted the same ‘tax builders for pollution others cause’ approach to reducing nutrient pollution, it may find itself…
Read MoreGovernment plans to ban new leasehold flats
With the Government’s plans to ban new leasehold flats, an expert says the system must be ready to cope. With the news that Government is to outline plans to ban new leasehold flats and adopt commonhold, with draft Leasehold and Commonhold Reform Bill to be published later this year, Scott Goldstein, Partner, Payne Hicks Beach,…
Read MoreBank of England Money and Credit Report – January 2025
Overview 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 rose by £0.9 billion, to £4.2 billion in January.…
Read MoreRight to Manage: changes to legislation come into effect on Monday
On Monday 3 March further provisions within the Leasehold and Freehold Reform Act 2024 come into force, including Section 49 which concerns the change of non-residential limit on Right to Manage (RTM) claims. This secondary legislation will mean that residential leaseholders within a mixed-use scheme will qualify for RTM when the commercial element of a…
Read MoreFall in construction workloads, warns Federation of Master Builders
Workloads for small building companies fell by 8% in the last three months of 2024, according to the latest Q4 2024 State of Trade Survey from the Federation of Master Builders (FMB). Brian Berry, Chief Executive of the FMB said, “The latest State of Trade Survey, looking at SME construction activity during the last three…
Read MoreNationwide HPI – House price growth remains solid in February
Annual rate of house price growth remained broadly stable in February at 3.9%, compared with 4.1% in January House prices up 0.4% month on month Recovery in housing market transactions in 2024 Headlines Feb-25 Jan-25 Monthly Index* 543.7 541.6 Monthly Change* 0.4% 0.1% Annual Change 3.9% 4.1% Average Price (not seasonally adjusted) £270,493 £268,213 *…
Read MoreRental Housing Crisis Will Undermine Chancellor’s Growth Plans
The Government’s efforts to attract “global talent” to the UK will be undermined unless urgent action is taken to boost the supply of homes to rent. That’s the warning by organisations representing institutional and individual landlords along with letting agents. Speaking at the World Economic Forum in Davos earlier this year, the Chancellor spoke of…
Read MoreProposed Amendments to the Renters Rights Bill
Yesterday the House of Lords tabled a set of proposed amendments to the Renters Rights Bill. Allison Thompson, National Lettings Managing Director, Leaders Romans Group (LRG): “The amendments proposed yesterday in the House of Lords mark a significant and positive step forward for the Renters (Rights) Bill. After much industry concern and sustained lobbying—particularly…
Read MoreUK Finance Later Life Mortgage Lending Update Q4 2024
UK Finance has published its later life mortgage lending update for Q4 2024. The report provides a quarterly insight into mortgages taken out by borrowers over the age of 55, the trends in lending, and demographics of those accessing the market. These trends cover mainstream lending to older borrowers, as well as specialist products such…
Read MoreZoopla – Price gap between houses and flats at 30 year high
Price gap between houses and flats at 30 year high with buyers favouring houses as the housing market continues positive start to 2025 All key measures of market activity have posted double-digit growth with new sales agreed, running 10 per cent higher than a year ago The annual rate of house price growth edged…
Read MoreTenants Struggle as Shortage of Rental Housing Continues
Private sector tenants are continuing to struggle as new data highlights an ongoing shortage of homes to rent. Almost eight in ten landlords (77 per cent) across England and Wales reported strong demand from prospective tenants in the final quarter of 2024 according to research from Pegasus Insights. The data, compiled for the National Residential…
Read MoreNew Platform Will Make Tackling Criminal Landlords Easier
Private sector tenants will find it easier to hold criminal landlords to account thanks to a new online platform being launched in Parliament today. The ‘My Housing Issue’ Gateway, designed by the TDS Charitable Foundation, will ensure tenants know where to take complaints related to rented housing. Research by the Foundation has found that 50…
Read MoreContinued growth recorded in auctioneering sector – Propertymark Auction Barometer
53% of members said that the number of lots exceeding their reserve price increased in Q4 2024 compared to the previous quarter. Only 12% reported a decrease. The highest percentage of those surveyed (41%) said that the number of lots available (for all auction types) increased in Q4 2024 in comparison to Q3. Members reported…
Read MoreOptimism in commercial sector reflected in Propertymark’s latest Commercial Outlook
83% of Propertymark Commercial Agent members predict supply in the Land and Yards sector to remain static. 53% of members forecast the Industrial Sector supply will increase. 27% anticipate supply in the Office Sector to increase and 45% stated no change. There seems to be an increasing sense of optimism in the commercial sector, as…
Read MoreFoxtons Lettings Market Index – January 2025
London rental market sees seasonal January resurgence as supply and demand rebalance, Foxtons data shows This January, demand for rental properties increased 83% from December 2024 There was a 51% increase in volume of listings coming to market from December 2024 The average rent in January 2025 increased 2% from January 2024 As…
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