Posts by EAN Breaking News
Tenancy Preferences Shift Amid Economic Uncertainty: Stability Gains Appeal
In the face of ongoing economic challenges, both tenants and landlords are reassessing their approaches to rental agreements. The latest Lettings Report from Leaders Romans Group (LRG) indicates a growing preference for longer-term tenancies, as both parties seek greater security in an unpredictable market. The report reveals that 44% of tenants and an equal percentage…
Read MoreLandlord Licensing Plan a Costly Waste of Time and Money
Responding to government plans to make it easier for councils to introduce landlord licensing schemes, Chris Norris, Policy Director for the National Residential Landlords Association, said: “It makes no sense that whilst planning to create a national database of private landlords, the Government now wants to make it easier for councils to license landlords as…
Read MoreNationwide House Price Review and Outlook for 2025
Housing market resilient despite ongoing affordability challenges Housing market activity proved resilient in 2024 despite ongoing affordability challenges House prices to see growth broadly in the range of 2% to 4% in 2025 Looking back at the housing market in 2024 and what we can expect in 2025, Robert Gardner, Nationwide’s Chief Economist, comments: “Mortgage…
Read MorePlanning Reform Working Paper
Development and Nature Recovery – legal experts say there is plenty here that needs to be carefully thought through Given the Government’s commitment to getting Britain building again and subsequent release of its planning reform working paper yesterday, the Government is proposing to speed things up for developers operating in areas impacted by diffuse water…
Read MoreIncreased activity in the mortgage market anticipated in 2025
UK Finance has today published its housing and mortgage market forecasts for 2025 and 2026 together with projections for 2024 full year numbers. 2025 forecast figures With rate and cost pressures continuing to ease, the outlook for 2025 is for a gradual improvement in mortgage affordability, feeding into market growth. As interest rates tick down,…
Read MoreTear down barriers to help diversify the housing market, says FMB
Small house builders, who account for just ten per cent of all new homes built across the country, won’t be able to increase their market share unless a series of barriers are removed, says a new report, ‘Supporting SME Housebuilders: Challenges and Opportunities’, commissioned by the Federation of Master Builders (FMB) from the London School…
Read MoreZoopla Rental Market Report: Rents rising at slowest pace for over three years
Average UK rents for new lets are 3.9 per cent higher over the last year, the lowest rate of growth since August 2021 The supply/demand imbalance is narrowing as demand cools (-29 per cent) and supply increases slowly (+12 per cent) Growing affordability pressures are also a key factor behind slower rental growth in areas…
Read MoreLandlords Selling up Growing Challenge for Tenants
The number of households in the private rented sector at risk of homelessness due to landlords selling up has increased by a third since the end of last year. The analysis by the National Residential Landlords Association (NRLA) highlights the need to encourage responsible landlords to stay in the market. According to government data, between…
Read MoreHalifax House Price Index November 2024
House prices in November 2024 were 4.8% higher than the same month a year earlier. House prices increased by +1.3% in November, a fifth consecutive monthly increase Property prices are up +4.8% on an annual basis (vs +4.0% last month) Typical property now costs £298,083, a new record Northern Ireland continues to record the strongest…
Read MoreZoopla reveals buyer behaviour in Property for 2024
2024 in Property: Zoopla reveals buyer behaviour and user trends over the past 12 months, after the busiest sales pipeline in four years Disney-themed property in Wales is the most viewed property on Zoopla in 2024 with 219,000 views The average time to sell in 2024 was 33 days, down from 34 days in…
Read MoreUK Government’s ambitions for removing unsafe cladding
As at the end of October 2024, there are 4,834 residential buildings 11 metres and over in height identified with unsafe cladding whose remediation progression is being reported on in this release, an increase of 13 since the end of September 2024. Since the department first began reporting on all five remediation programmes in October…
Read MoreBarclays: Rent and mortgage spending reaches 14-month high
Rent and mortgage spending reaches 14-month high, as over half of Brits worry about the impact of rising rent or mortgage costs Growth in rent and mortgage spending increased 8.2% year-on-year last month, reaching a 14-month high, according to the latest Barclays Property Insights report. When asked about their household expenses, four in 10…
Read MoreDangerous Cladding – Questions raised by Remediation Acceleration Plan
The government has published its Remediation Acceleration Plan, and pledges that dangerous cladding will be fixed on all high-rise buildings on Government schemes within the next five years. The plan sets out that by the end of 2029, all buildings over 18 metres tall – defined as high-rise – with unsafe cladding that are on a Government…
Read MoreNationwide data showing house prices rose – Thoughts from the Industry
The latest Nationwide data showing house prices rose at much higher pace than expected at 1.2%. Here are some thoughts from the property industry. Daniel Austin, CEO and co-founder at ASK Partners: “We continue to see a month-on-month rise in house prices, which is hopefully the sign of an upward trend developing for the…
Read MoreAnnual house price growth rebounds in November
UK house prices rose 1.2% month on month Annual growth rate rebounded to 3.7%, from 2.4% in October – fastest since November 2022 House prices now just 1% below all-time peak Headlines Nov-24 Oct-24 Monthly Index* 536.6 530.4 Monthly Change* 1.2% 0.1% Annual Change 3.7% 2.4% Average Price (not seasonally adjusted) £268,144 £265,738 * Seasonally…
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