Posts by EAN Breaking News
Housing Ombudsman’s report demonstrates necessity of vibrant and growing private rental sector
Following a recent report from the Housing Ombudsman titled ‘Spotlight Report: Repairing Trust’, which revealed that 2024/25 witnessed a 474 per cent surge in complaints about poor living conditions compared to 2019/20, Propertymark has stated that this demonstrates the necessity for a vibrant and growing private rental sector. Referencing the UK Government’s ambition to construct…
Read MoreInheritance Tax Receipts raise £1.5 billion in two months
Inheritance tax receipts hit £1.5 billion in the first two months of the current tax year, according to data released by HM Revenue and Customs (HMRC) this morning. This is £98 million higher than the previous tax year, and continues an upward trend over the last two decades. Nicholas Hyett, Investment Manager at Wealth Club…
Read MorePropertymark Responds to Boiler Scheme Consultation
Responding to the Department for Energy Security and Net Zero’s Boiler Upgrade Scheme and Certification requirements for clean heat schemes consultation (England, Wales and Scotland), Propertymark has stressed the concerns of property agents that landlords are struggling to afford energy efficiency improving measures and warn that the scheme must evolve to protect the availability of…
Read MoreIndustry Reaction to Bank of England’s decision to hold interest rates at 4.25%
Following a previous cut in May, the rate has today been held at 4.25%. This comes as a result of inflation easing slightly to 3.4% (May 2025), but remaining higher than the Bank of England target rate of 2.0%. The decision to hold the base rate by the Monetary Policy Committee was the result of…
Read MoreRents Climb as High as 17.4%
The latest market analysis by London lettings and estate agent, Benham and Reeves, has found that rents across Britain have surged by as much as 17.4% in some areas since the Labour Government adopted the proposed Renters’ Rights Bill which is likely to become law later this Summer after the Bill enters the House of Lords…
Read MoreHousing Insight Report – April 2025
House prices see month-on-month uplift The average UK house price stood at £271,000 in March 2025 (latest figures available). This highlights changes in the average house price year on year to March 2025 for each constituent part of the UK, with Northern Ireland continuing to see the largest growth during this period. Sales volumes within…
Read MoreThoughts from the Property Industry – National Housing Bank
Thoughts from the Property Industry on the creation of a new National Housing Bank to provide finance to developers of many sizes, to build homes. Nathan Emerson, CEO of Propertymark: “On the face of things, the news of the introduction of the National Housing Bank is much welcome and will inject a desperately needed boost…
Read MorePlanning document will make it easier to ‘green’ new developments
Formal approval has been granted for a planning document to make new developments in Nottingham more environmentally-friendly. Senior councillors on the city council’s Executive Board gave the green light to the Reduction of Carbon in New Development Supplementary Planning Document (Carbon SPD) yesterday afternoon (Tuesday 17 June). SPDs add further detail to policies in Nottingham’s…
Read More1.8 Million Rental Homes Still Below The Energy Rating 2028 Target, LandlordBuyer Finds
New analysis by property acquisition specialists LandlordBuyer reveals that over 1.8 million privately rented homes in England still fall short of the government’s proposed minimum energy efficiency standard of EPC rating C, with just three years to go before the 2028 compliance deadline. Using the latest data from the MHCLG and EPC Register, LandlordBuyer found that as…
Read MoreONS House Price Index – April 2025
The average monthly rate of house price growth in April fell to -2.7%. The average annual rate of house price growth in April was up 3.5% As a result, the average UK house price remains at £265,000. Responding to Sales Nathan Emerson, CEO of Propertymark: “The first half of 2025 has proven very different from…
Read MoreProperty Industry response to latest inflation figures
Matt Smith, Rightmove’s mortgage expert: “As the rate of inflation stays above 3%, the expectation is that the Bank of England is set to act cautiously. Anticipation had risen that we may be in line for multiple Base Rate cuts this year at the peak of tariff uncertainty, but as some of these pressures have…
Read MoreFairer for Who? LRG warns Renters’ Rights Bill
Leads to the Exclusion of Tenants Who Rely On Paying Rent in Advance The Renters’ Rights Bill aims to make renting fairer. But new research from LRG (Leaders Romans Group) suggests one unintended consequence could be to block access to good-quality housing for people who don’t fit the standard referencing mode, including overseas applicants, the…
Read MoreFoxtons Lettings Market Index – May 2025
London lettings market gains momentum in May amid rising demand and supply, Foxtons data shows Applicant registrations surged by 35% month-on-month in May, marking a strong seasonal uplift following April’s unexpected dip Supply continued to strengthen, with market listings up 9% month-on-month in May, consistent with gains in March and April. Average rent in May…
Read MoreModern rental properties command premium of 18%
New data analysis by FCC Paragon reveals that renters who want to enjoy the many benefits of living in a modern property are facing a rent price premium of up to 18%. Modern homes come with a number of benefits, including increased energy efficiency for lower household bills, less chance of experiencing frustrating maintenance issues,…
Read MorePrime London property values slide by as much as 60%
The latest market analysis by prime London property brokerage, Jefferies London, has revealed that sold prices across some of prime London’s most popular neighbourhoods have fallen by as much as 60% so far this year when compared to the same period in 2024. Jefferies London analysed sold price records from the Land Registry, looking at…
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