Posts by EAN Breaking News
Property expert on whether interest rates should decline again in 2025
The average two-year mortgage rate is at a three-year low at 4.99%, the first time below 5% since the Liz Truss mini-budget, according to Moneyfacts. However, the question is, will interest rates go down? Mortgage Advisor, John Morris from Pure Property Finance discusses whether this may or may not be the case for the remainder…
Read MoreBank of England – Mortgage approvals down in August
The latest figures show that: – Mortgage approvals on house purchases for August sat at 64,680 down (-0.7%) from 65,161 in July. This brings three consecutive months of growth to a stop. Approvals are also down slightly (-0.5%) when compared to the 64,983 seen in August 2024. This reflects a quieter summer period, while there…
Read MoreHousing market faces headwinds as Budget tax speculation hits buyer demand for a third of homes for sale, priced over £500,000
Wider mainstream market activity less impacted by tax speculation House price growth has continued to slow, down from 1.9 per cent in December 2024 to 1.4 per cent in August Pre Budget tax speculation is impacting market activity – demand for properties over £500,000 had dropped by four per cent with a seven per…
Read MoreHalf of homebuyers barely know the area they move to
Nearly half of homebuyers move to neighbourhoods they barely know – So how do you find the right home if you aren’t familiar with the area? New research from The Property DriveBuy reveals that nearly half of homebuyers are unfamiliar with their new neighbourhoods before moving in, with more than one in five admitting they…
Read MoreBusting the mortgage myths that hold many buyers back
The latest research from Alexander Hall has found that the majority of aspiring homebuyers are being held back from applying for a mortgage due to common misconceptions about affordability, deposits and eligibility. The survey of aspirational homebuyers yet to enquire about a mortgage – commissioned by Alexander Hall – found that many could be in…
Read MoreBank of England’s holds interest rates at 4%
With the Bank of England’s decision to hold interest rates at 4%, here are some thoughts from the Industry. Matt Smith, Rightmove’s mortgage expert: “A Base Rate hold today had looked fairly nailed on, especially after yesterday’s news that inflation remains stuck at 3.8%. The later-than-usual Budget is very much on the horizon, and…
Read MoreEnergy Rules Without Power: Tenants and Landlords Both Question EPC Impact
New research from LRG reveals that both landlords and tenants are struggling to engage with the Energy Performance Certificate (EPC) system, raising serious questions about whether it can deliver on its intended goals ahead of the government’s 2030 targets. While landlords overwhelmingly support the principle of improving energy efficiency, confidence in the system designed to…
Read MoreNew Build Home Enquiries Double in Summer 2025
From June to August 2025, Compare My Move’s conveyancing data shows a 120% increase in new build home purchase enquiries compared to the same period in 2024. This surge reflects not only more people looking to buy homes overall but also a higher share of buyers choosing new builds. On average, 12% of purchase enquiries in…
Read MoreResidential Performance Dives, Dragging Entire Sector Down
Glenigan Review sees UK construction recovery put on pause as private housebuilding activity plummets Project starts decline by 22% during the Review period, 36% down compared to 2024 levels Main contract awards value slashed by 33% year-on-year, representing a 24% decrease relative to the prior three-month period Planning approvals nosedived 48% against the previous three…
Read MoreBiggest property put-offs revealed by homebuyers
Biggest property put-offs could see homebuyers offer £40k less or more – From flying flags to aggressive dog breeds The latest research from Springbok Properties has revealed the biggest property put-offs that could see buyers offer as much as £40,000 less, if not more, leaving many sellers struggling to achieve their asking price in the…
Read MoreWhy are HMO numbers falling?
The latest research from COHO, the HMO management platform, reveals that despite little change in tenant demand, house share availability has dropped by almost -60% in some parts of England, raising the question of whether we’re seeing an HMO landlord exodus. COHO’s analysis of house share listings data* shows that in England, the number of…
Read MoreOnly 27% of homes have been fixed in a £1.8bn Govt programme
Report shows only 27% of homes have been fixed in a £1.8bn Govt programme, as red tape and asbestos keep thousands in the cold Thousands of homes will face another winter of fuel poverty due to a raft of failures as scheme to fix them hits buffers Hundreds of millions of pounds of allocated grant…
Read MoreUK House Price Index for July 2025
The latest index shows that: – The average monthly rate of house price growth in July was +0.3%. The average annual rate of house price growth in July was +2.8%, down slightly from +3.6% in June. As a result, the average UK house price sits at £269,735. Director of Benham and Reeves, Marc von…
Read MoreONS House Price Index – Thoughts from the Industry
Thoughts from the Industry about the latest ONS House Price Index. Nathan Emerson, CEO of Propertymark: “It is positive to see the housing market progressing forward in strength. As we move towards the autumn months, hopefully this momentum will continue. “There continues to be two factors that may weigh heavily on consumers’ minds as they…
Read MoreLondon lettings market supply remains strong amid seasonal softening in demand
Foxtons Lettings Market Index – August 2025 Rental demand fell by 11% in August compared with July 2025, reflecting the typical seasonal slowdown as summer draws to a close. Supply remains strong, with August 2025 listings exceeding August 2024 levels. Nearly 40,000 new listings were recorded in August alone as landlords continue to bring quality…
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