Posts by EAN Breaking News
Bank of England’s decision to hold the Base Rate – Industry Reaction
The Bank of England held interest rates at 5.25% for the seventh time in a row. The decision comes despite official figures yesterday which revealed inflation had fallen to the Bank’s target of 2% for the first time in nearly three years. Here are some thoughts from the property industry. Rightmove’s mortgage expert Matt…
Read MoreRental Reform Undermined by Lack of Choice for Tenants
A lack of choice for private renters about where they can live will undermine plans set out by many of the UK’s major political parties to reform the rental market. That’s the warning from the National Residential Landlords Association (NRLA) as the Conservatives, Labour, Liberal Democrats and Green Party all propose ending section 21 ‘no…
Read MoreReform announces a ‘Contract’ with the voter – Comments from NFB
Reform leader, Nigel Farage has announced ‘Our Contract With You,’ the Reform parties draft document is seeking comments for finalisation later in the year. Mirroring business strategy, the contact seeks to ‘run the nation ‘like a lean, efficient business with motivated employees and happy customers.’ Richard Beresford, Chief Executive of the NFB, said: “Reform have…
Read MoreFoxtons Lettings Market Index – May 2024
An increase in property listings leads to a more balanced May Lettings market Applicant demand increased month-on-month, up 20% compared to April In May, the London market saw 36% more listings compared to April. In 2024 year to date, there was a 10% increase compared to 2023 Average rent was £577 in May 2024,…
Read MoreGDP figures shows the need for planning reform
Following GDP growth of 0.4% in March 2024, April has seen no growth and in key sectors, such as construction, output has again dropped. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “The NFB Manifesto, ‘Supporting Construction to Power Growth’, was written with the UK’s GDP struggles in mind. While growth…
Read MoreConservative Plans do Nothing to Address Shortage of Homes to Rent
Responding to proposals in the Conservative Party’s 2024 general election manifesto to scrap Capital Gains Tax for two years where landlords sell properties to sitting tenants, Ben Beadle, Chief Executive of the National Residential Landlords Association, said: “Tenants who want to become homeowners should be supported to do so. Whilst incentivising landlords to sell to…
Read MoreHighest supply of homes for sale in eight years will keep house prices in check
Zoopla HPI reveals that the UK is currently experiencing the highest supply of homes for sale in eight years, which will keep house prices in check for the rest of 2024, and also predicts that the 4th July General Election will have less impact on the housing market than during previous election periods. Supply of…
Read MoreComment on Land Registry’s House Price Index showing an annual rise of 1.8%
Commenting on Land Registry’s UK House Price Index showing an annual rise of 1.8%, Daniel Austin, CEO and co-founder at ASK Partners, said: “The property sector is recovering. Rent values have seen sustained growth, positioning real estate as reasonably valued in comparison to gilts and presenting growth potential. In the realm of commercial real estate,…
Read MoreProperty values up according to Gov index
UK House Price Index for January 2024. The latest index shows that House prices climbed by 0.5% between December 2023 and January 2024. House prices were down -0.6% year on year, although this rate of decline has reduced significantly from the -2.2% seen the previous month. London saw the largest increase on a monthly basis…
Read MoreHow to choose a retail software development company in 2024
Choosing the right software development partner can save you thousands of pounds as the software development process is notoriously difficult and the failure rate of software projects is around the 70% mark. A detailed requirements analysis for any software development project can save you time and money. For retailers, investing in custom software development is…
Read MoreExploring Casino Architecture Around the World
Some of the world’s most beautiful buildings are land-based casinos, and although each casino has been uniquely designed, there are several architectural trends that many of today’s most iconic casinos have in common. It’s all about luxury – a quality we look for when we’re looking for an Airbnb or sitting at home. Let’s dive…
Read MoreHow To Take Great Property Photos
If you’re an estate agent, you’ll know just how important it is to take great property photos. After all, this is why gives potential buyers their first impression of any home, and if the photos don’t look good, they probably won’t go on to read the description, and they certainly won’t book a viewing. High-quality…
Read MoreNavigating the Homebuying Journey: Key Considerations When Getting a Mortgage
Homeownership marks an exciting time in life and should be treated accordingly; it signals stability, investment, and personal growth for many individuals. Unfortunately for most homebuyers, though, purchasing their dream home often involves taking out long-term loan commitments which must be carefully considered before signing anything – here we provide essential knowledge regarding mortgage loans…
Read MoreBrett Stone issues a second open letter to shareholders of OnTheMarket
London, 31 July 2023 – Today, Brett Stone released a second open letter to shareholders of OnTheMarket plc. (LSE: OTMP). The letter includes details about OnTheMarket’s poor performance, corporate governance issues, and failure to prevent Rightmove’s excessive price increases. Brett also provides information about his attempts to provide OnTheMarket the additional expertise and capital needed…
Read MoreUK market remains weakened although a brighter future is predicted as the fall in house sales slows
RICS Residential Market Survey – April 2023 Twelve-month sales expectations continue to depict an improved and steadier outlook for the market Agreed sales reading for April is the least negative since July 2022 New buyer demand figures drop as number of properties on the market increases slightly Rental prices anticipated to be driven higher…
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