Posts by EAN Breaking News
National Federation of Builders View on Chancellor’s Speech
At the Autumn Budget 2024, Chancellor Reeves scaled back her interference in the planning process. However, in her speech today, she returned to the position that a well-functioning planning system is crucial to not only enabling growth but, more importantly, sustaining it. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), commented: “The…
Read MoreProperty expert issues warning ahead of stamp duty changes – this is how YOU could avoid paying more
New stamp duty rules are set to come in from April which could catch out many homebuyers and leave them paying thousands more than planned. Currently, first-time buyers do not pay any stamp duty on homes costing up to £425,000, while the threshold for other buyers is £250,000. But from 1 April 2025, the threshold…
Read MoreBooming UK property market demand from Trump’s US
Commenting on how the UK property market is now experiencing a boom in demand from Trump’s US as well as the East, Daniel Austin, CEO and co-founder at ASK Partners, said: “The UK property market is experiencing a surge in demand from US buyers, driven by Donald Trump’s return to the White House, a stronger dollar,…
Read MoreNationwide Housing Affordability Report
Affordability stretched, but gradually improving Modest improvement over past year, but affordability remains stretched by historic standards Considerable variation in affordability across occupational groups Affordability most stretched in London and South of England, with North of England & Scotland the most affordable Commenting on the figures, Andrew Harvey, Senior Economist, said: “There has been a…
Read MoreZoopla: Over a quarter of parents ‘lie or break rules’ to get children into their preferred school
Admission Impossible: Over a quarter of parents admit to ‘lying or bending’ rules to get their children into preferred schools Over a quarter (27 per cent) of UK parents admit to flouting the rules to get their children into schools, rising to 38 per cent in London The number who admit lying is on the…
Read MoreGovernment planning reforms to protect nature
News that the Government has warned that the planning system must protect nature, as it unveils reforms Partner Alison Ogley, Freeths commented: “This is a potential game changer addressing the current inertia in the system, providing a solution that is more effective than individual developers trying to address environmental improvements on a project by project…
Read MoreZoopla identifies housing markets with best prospects for house price growth in 2025
New analysis from Zoopla, one of the UK’s leading property websites, reveals that housing markets in Scotland and Northern England have the best prospects for house price growth in 2025, as Southern England continues to adjust to the impact of higher mortgage rates. Housing markets in Scotland and Northern England have the best prospects for…
Read MoreONS House Price Index January 2025
Private rent and house prices, UK: January 2025 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. Main points Average UK private rents increased by 9.0% in the 12 months to December 2024 (provisional estimate); this is down from…
Read MoreFoxtons Lettings Market Index – December 2024
Lettings supply strengthened across 2024, Foxtons data shows In 2024, new market listings rose by 8%, totalling over 385,000 listings. In the first half of 2024, applicant demand was 6% below 2023 but strength returned in the second half of the year as demand was 1% higher. Average rent in 2024 closely mirrored 2023, with…
Read MoreHalf of homes increased in value in 2024 by £7,600 as house prices returned to growth
Homeowners checking the value of their home on Zoopla are likely to have seen an increase in value with half (15 million) of all homes across the UK increasing in value in 2024 by an average of £7,600 or more A third of UK homes registered small value falls, mostly across Southern England, as higher…
Read MoreRental Reforms Will Make Access to Housing Harder
Speaking ahead of the final stages of the Renters’ Rights Bill in the House of Commons today, a coalition of organisations representing landlords, letting agents and build to rent providers said: “We accept that Section 21 repossessions are ending, and support measures to ensure every rental property is of a decent quality. However, the Government’s…
Read MoreBarclays: 1 in 6 Homeowners eye up a move in 2025
1 in 6 Homeowners eye up a move in 2025, as growth in mortgage and rental spending slows Rent and mortgage spending grew 1.8 per cent year-on-year in December, down from 8.2 per cent in November, as more homeowners benefitted from base rate reductions Six in 10 renters say that it would be impossible…
Read MoreAccess to Rented Housing Will Be Harder for Tenants Most In Need
Responding to amendments tabled to the Renters’ Rights Bill by the Government to restrict the amount of rent that can be sought in advance, Chris Norris, Policy Director for the National Residential Landlords Association, said: “Restricting rent in advance, combined with freezing housing benefit rates and not enough rental housing to meet demand is creating…
Read MoreHalifax House Price Index December 2024
House prices in December 2024 were 3.3% higher than the same month a year earlier. House prices decreased by -0.2% in December Annually, property prices are up +3.3% (vs +4.7% last month) Typical property now costs £297,166 Northern Ireland maintains the strongest UK annual house price growth Amanda Bryden, Head of Mortgages, Halifax,…
Read MoreHousing Insight Report: November 2024
The next few months are likely to prove busy for the sales market, with stock coming to the market and consumers showing they are keen to stay ahead of Stamp Duty threshold changes due in England and Northern Ireland in April 2025. The lettings market remains extremely challenging, with long-running issues regarding an intense lack…
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