Posts by EAN Breaking News
Foxtons Lettings Market Index – September 2024
Foxtons data points towards a resilient Lettings market despite seasonal dip • New market listings increased 12% from September 2023 • Applicant demand decreased 35% month-on-month from August, aligning with the typical seasonal dip • Applicant budgets remained 2% higher year-on-year in September, higher than any other year September signals the close of a highly…
Read MoreLandmark Information Group Q3 2024 Property Trends Report (England and Wales)
Despite surge in housing supply, economic and political climate continues to put downward pressure on completion rates Landmark’s newly released Q3 Residential Property Trends report demonstrates a detailed analysis of the housing market, providing data from July to September 2024. The report highlights that high supply is offset by slow completions, with economic and political…
Read MoreMPs Urged to Strike the Right Balance on Renters’ Rights Bill
Speaking prior to the second reading of the Renters’ Rights Bill, which will be debated by MPs later today, Chris Norris, Policy & Campaigns Director for the National Residential Landlords Association, said: “The changes MPs will debate are the biggest shake up of the rental market for over 30 years. The proposed reforms need to…
Read MoreGovernment Needs to Prevent Rent Debts, Not Let Them Grow
Ministers need to do more to prevent tenants building rent arrears, not allow them to get bigger as currently planned. The call comes as the Government’s Renters’ Rights Bill proposes increasing the amount of arrears a tenant can build from two to three months of rent before landlords can serve notice to repossess a property.…
Read MoreHalifax House Price Index September 2024
House prices in September 2024 were 4.7% higher than the same month a year earlier. House prices rise for third straight month House prices increased by +0.3% in September, matching rise seen in August Year-on-year prices are up +4.7%, still the strongest rate since November 2022 Higher annual growth continues to reflect…
Read MoreNationwide House Price Index for September
September records fastest annual house price growth in two years UK house prices up 3.2% year-on-year in September Northern Ireland best performer, with prices up 8.6% in Q3 East Anglia weakest performing region, with prices down 0.8% over the year Headlines Sep-24 Aug-24 Monthly Index* 529.4 525.9 Monthly Change* 0.7% -0.2% Annual Change 3.2% 2.4%…
Read MorePrivate rent and house prices, UK: September 2024
The Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. The UK House Price Index measures house price inflation. 1.Main points Average UK private rents increased by 8.4% in the 12 months to August 2024 (provisional estimate), down from 8.6% in the 12 months to July 2024. Average rents…
Read MoreUK inflation holding at 2.2% – Remains a Buyers’ Market
Commenting on UK inflation holding at 2.2% and how it remains a buyers’ market, Daniel Austin, CEO and co-founder at ASK Partners, said: “Despite inflation remaining above the 2% target, which may concern investors and consumers, the property sector has shown remarkable resilience in recent months. There are encouraging signs, as various house price indices from…
Read MoreFoxtons Lettings Market Index – August 2024
Foxtons data points towards continued healthy summer Lettings market 23% month-on-month increase in number of renters per new instruction The number of new listings was 7% higher in 2024 year to date, compared to the same period in 2023 Rents continue to remain stable in 2024, with no change between August and July New…
Read MoreZoopla Rental Market Report – September 2024
21 people competing for every rental property as supply remains a major problem for renters’, pushing rents higher Number of homes for rent still 24% below pre-pandemic average compounded by stalled new investment by private landlords Possible tax changes in Autumn Budget could result in further landlord sales Rental demand has weakened but still 21…
Read MoreWhere Are the Top Rising Neighbourhoods for First-time Buyers Across the UK?
Santander UK reveals the rising neighbourhoods for first-time buyers (FTBs), with top spots including Waverley, Waltham Forest, and Bassetlaw. It comes as FTBs are moving further away to get onto the property ladder due to lack of suitable properties and affordability constraints – saving an average of £29,000 compared to buying where they lived previously.…
Read MoreRental Reform Needs to Work for Tenants and Landlords
Speaking ahead of publication of the Renters’ Rights Bill later today, Ben Beadle, Chief Executive of the National Residential Landlords Association said: “Plans to reform the private rented sector have been on the table for over five years now. Above all, renters and landlords need certainty about what the future looks like. Whilst we await…
Read MoreHalifax House Price Index for August
UK house prices edge up to hit two-year high House prices in August 2024 were 4.3% higher than the same month a year earlier. House prices increased by +0.3% in August, after +0.9% rise in July Year-on-year prices are up +4.3%, the strongest rate since November 2022 Higher annual growth largely reflects the base…
Read MoreNationwide House Price Index for August
Annual house price growth edged higher in August UK house prices fell 0.2% month on month in August Annual growth rate picked up to 2.4%, from 2.1% in July Fastest pace of annual growth since December 2022 Energy efficiency becoming more important in influencing what buyers will pay for a home Headlines Aug-24…
Read MoreRightmove Points to Worsening Crisis in Private Rented Sector
Responding to data published today by Rightmove suggesting that the number of former rental properties up for sale is now at its highest level on record, Chris Norris, Policy Director for the National Residential Landlords Association, said: “Today’s data will be a serious concern for all those renters struggling to find somewhere to call home. …
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