Posts by EAN Breaking News
Zoopla House Price Index: August 2024
House prices rise across the UK as London veers into positive territory. But homeowners looking to sell must be wary of overpricing. Key takeaways Over the first 7 months of 2024, house prices have risen by 1.4%. All areas of market activity are up year-on-year – the long-awaited base rate cut has not had a…
Read MoreZoopla HPI: House prices rise just 1.4% so far in 2024
Zoopla HPI: House prices rise just 1.4% so far in 2024, but over-pricing your home means it will take more than twice as long to sell warns Zoopla This month, the HPI reveals that the UK has seen an increase in buyer demand (+20%) and sales agreed (+23%) YoY, as house prices rise by 1.4%…
Read MoreONS House Prices Index for August 2024
Average UK private rents increased by 8.6% in the 12 months to July 2024 (provisional estimate), unchanged from in the 12 months to June 2024. Average rents increased to £1,319 (8.6%) in England, £748 (7.9%) in Wales, and £965 (8.2%) in Scotland, in the 12 months to July 2024. In Northern Ireland, average rents increased…
Read MoreRent Controls Would Be a Disaster for Tenants
A third of private sector landlords would sell properties they let if rent controls were introduced, according to new research. The data, compiled by the research consultancy Pegasus Insight, finds that in the second quarter of the year 82 per cent of landlords in England and Wales reported strong demand for properties from tenants. Demand…
Read MoreUK house sales market a bit sunnier in July
RICS UK Residential Survey July 2024 New enquiries and sales remain steady in July More respondents anticipate market activity increasing in the months ahead House price indicators continue to fall in most regions Near-term sales expectations rise slightly to strongest result since January 2020 Gap between supply and demand in the rental market continues to…
Read MoreHalifax House Price Index for July
UK house prices rise in July House prices increased by +0.8% in July, following three relatively flat months Annual growth rate of +2.3% is the highest since January 2024 Typical property now costs £291,268 (compared to £289,042 in June) Northern Ireland continues to record the strongest annual house price growth in the UK Amanda…
Read MoreBank of England Cuts Interest Rates – Thoughts from the Industry
The Bank of England (BoE) has today reduced the base interest rate to 5%, marking the first rate cut since March 2020. Here are thoughts from the property industry. Rightmove’s mortgage expert Matt Smith says: “Over the last couple of weeks, average fixed-rate mortgages have been slowly edging up in anticipation of today’s rise of…
Read MoreNationwide House Price Index for July
House price growth edged up in July UK house prices rose 0.3% month on month in July Annual growth rate picked up to 2.1%, from 1.5% in June Marks fastest pace of growth since December 2022 Headlines Jul-24 Jun-24 Monthly Index* 526.6 524.9 Monthly Change* 0.3% 0.2% Annual Change 2.1% 1.5% Average Price (not seasonally…
Read MoreEnglish Housing Survey: Eight in Ten Private Renters Satisfied With Accommodation
Private renters are more satisfied with their accommodation than those in the social rented sector, according to new data published today. According to the Government’s latest English Housing Survey, in 2022/23, 82 per cent of private renters were satisfied with their accommodation, compared to 74 per cent of those in the social rented sector. The…
Read MoreBeresfords presents expert insight on the post-election property market
Beresfords presents expert insight on the post-election property market under Labour’s commitment to ‘Get Britain Building Again’ With the Labour Government winning the UK election with a landslide majority, Property Group, Beresfords, believe that the landscape of the UK property market is set to remain robust and move forward positively into the second half of…
Read MoreLabour’s Victory Marks a New Era for Construction Industry and Growth
Following the Labour Party’s victory in the 2024 General Election. The National Federation of Builders (NFB) provides expert insights and analysis on what this significant political shift will mean for the construction industry with several key implications for the construction industry. Labour’s manifesto entitled ‘Change’ has a strong emphasis on growth, planning reform, and partnership…
Read MoreGeneral Election 2024 Result – Thoughts from the Industry
With Labour winning the General Election, here are some thoughts from within the property industry. Mark Chick, director of ALEP (the Association of Leasehold Enfranchisement Practitioners) “So now that we know the size of the Labour majority it seems a fairly safe bet that the next five years will see a more vigorous programme of…
Read MoreLeasehold and Freehold Reform Act Replaces Certainty with Uncertainty
According to members of the Association of Leasehold Enfranchisement Practitioners (ALEP) “This Act leaves more uncertainty than certainty,” said a member of Association of Leasehold Enfranchisement Practitioners (ALEP) in a recent member poll on the effectiveness of the legislation. Initially announced in last November’s King’s Speech and concluded in the pre-election ‘wash-up’ of parliamentary Bills,…
Read MoreRenters and Landlords Face Uncertainty Amid Silence From Parties on Housing Benefits Crisis
Millions of people living and working in the private rented sector face chronic uncertainty due to a failure by the main political parties to provide clarity on housing benefit rates. Over 1.5 million households renting privately in Britain receive Universal Credit with support for their housing costs, known as the Local Housing Allowance (LHA), included.…
Read MoreThird of Private Renters Are Struggling to Afford Their Rents Says New Research
Over a third of all private renters are finding it difficult to afford their rent according to new research out today. Whilst overall 35 per cent of renters said they were finding it difficult or very difficult to afford their rent, this proportion increased to 56 per cent for those not in work due to…
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