Posts by EAN Breaking News
Nationwide HPI – House price growth remains solid in February
Annual rate of house price growth remained broadly stable in February at 3.9%, compared with 4.1% in January House prices up 0.4% month on month Recovery in housing market transactions in 2024 Headlines Feb-25 Jan-25 Monthly Index* 543.7 541.6 Monthly Change* 0.4% 0.1% Annual Change 3.9% 4.1% Average Price (not seasonally adjusted) £270,493 £268,213 *…
Read MoreRental Housing Crisis Will Undermine Chancellor’s Growth Plans
The Government’s efforts to attract “global talent” to the UK will be undermined unless urgent action is taken to boost the supply of homes to rent. That’s the warning by organisations representing institutional and individual landlords along with letting agents. Speaking at the World Economic Forum in Davos earlier this year, the Chancellor spoke of…
Read MoreProposed Amendments to the Renters Rights Bill
Yesterday the House of Lords tabled a set of proposed amendments to the Renters Rights Bill. Allison Thompson, National Lettings Managing Director, Leaders Romans Group (LRG): “The amendments proposed yesterday in the House of Lords mark a significant and positive step forward for the Renters (Rights) Bill. After much industry concern and sustained lobbying—particularly…
Read MoreUK Finance Later Life Mortgage Lending Update Q4 2024
UK Finance has published its later life mortgage lending update for Q4 2024. The report provides a quarterly insight into mortgages taken out by borrowers over the age of 55, the trends in lending, and demographics of those accessing the market. These trends cover mainstream lending to older borrowers, as well as specialist products such…
Read MoreZoopla – Price gap between houses and flats at 30 year high
Price gap between houses and flats at 30 year high with buyers favouring houses as the housing market continues positive start to 2025 All key measures of market activity have posted double-digit growth with new sales agreed, running 10 per cent higher than a year ago The annual rate of house price growth edged…
Read MoreTenants Struggle as Shortage of Rental Housing Continues
Private sector tenants are continuing to struggle as new data highlights an ongoing shortage of homes to rent. Almost eight in ten landlords (77 per cent) across England and Wales reported strong demand from prospective tenants in the final quarter of 2024 according to research from Pegasus Insights. The data, compiled for the National Residential…
Read MoreNew Platform Will Make Tackling Criminal Landlords Easier
Private sector tenants will find it easier to hold criminal landlords to account thanks to a new online platform being launched in Parliament today. The ‘My Housing Issue’ Gateway, designed by the TDS Charitable Foundation, will ensure tenants know where to take complaints related to rented housing. Research by the Foundation has found that 50…
Read MoreContinued growth recorded in auctioneering sector – Propertymark Auction Barometer
53% of members said that the number of lots exceeding their reserve price increased in Q4 2024 compared to the previous quarter. Only 12% reported a decrease. The highest percentage of those surveyed (41%) said that the number of lots available (for all auction types) increased in Q4 2024 in comparison to Q3. Members reported…
Read MoreOptimism in commercial sector reflected in Propertymark’s latest Commercial Outlook
83% of Propertymark Commercial Agent members predict supply in the Land and Yards sector to remain static. 53% of members forecast the Industrial Sector supply will increase. 27% anticipate supply in the Office Sector to increase and 45% stated no change. There seems to be an increasing sense of optimism in the commercial sector, as…
Read MoreFoxtons Lettings Market Index – January 2025
London rental market sees seasonal January resurgence as supply and demand rebalance, Foxtons data shows This January, demand for rental properties increased 83% from December 2024 There was a 51% increase in volume of listings coming to market from December 2024 The average rent in January 2025 increased 2% from January 2024 As…
Read MoreShaun Adams: Rightmove fees up 18% annually?!
Following lively discussions on the Estate Agency Facebook group, we asked Shaun Adams to share some viewpoints on the gossip spreading towards the 18% price increase of Rightmove: Q: Please give us a brief introduction to yourself and your history in the property industry. My name is Shaun Adams, and I started in this…
Read MoreFour in five homeowners in England and Northern Ireland to pay more stamp duty
New analysis from Zoopla has revealed that four in every five homeowners in England and Northern Ireland will pay more stamp duty from 1st April, boosting stamp duty receipts for the government by over £1.1bn annually. Four in five existing homeowners (83 per cent) will pay stamp duty from April, up from 49 per cent…
Read MoreNew guidance for resolving block and estate management complaints
The Property Ombudsman received 6,649 enquiries related to leasehold and investigated 1,313 cases in 2024 A total of £148,172 was awarded to consumers for disputes regarding leasehold, block and estate management last year 1,669 property managing businesses are members of The Property Ombudsman The Property Ombudsman has published new guidance to support…
Read MoreBarclays: Mortgage and rental spending grows as younger buyers turn attention to new builds
Mortgage and rental spending grows 2.0 per cent, but consumer confidence remains unchanged Rent and mortgage spending grew slightly year-on-year in January, up from 1.8 per cent in December Consumers’ confidence in their ability to afford rent and mortgage payments remained unchanged month-on-month at 52 per cent Those who have recently remortgaged onto higher…
Read MoreUK’s Housing Crisis Deepens as 1.4 Million Homes Sit Unbuilt
Cornerstone Tax reveals that 19% of tenants have been forced to move five times in less than five years due to landlords exiting the market David Hannah, Group Chairman of Cornerstone Tax, urges the government to focus on addressing the wider housing affordability crisis by incentivising landlords The government’s plan to develop 12 new towns…
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