Posts by EAN Breaking News
Nationwide House Price Index for October
Annual house price growth slows in October UK house prices rose 0.1% month on month in October Annual growth rate slowed to 2.4%, from 3.2% in September Headlines Oct-24 Sep-24 Monthly Index* 529.6 529.0 Monthly Change* 0.1% 0.6% Annual Change 2.4% 3.2% Average Price (not seasonally adjusted) £265,738 £266,094 * Seasonally adjusted figure (note that…
Read MoreAutumn Budget – Thoughts from the Industry
Following the Autumn Budget, here are some thoughts from the property industry. Chris Norris, Policy Director for the National Residential Landlords Association: “Whilst the Budget spoke about protecting vulnerable people, it failed to confirm what we now know – that housing benefit rates will be frozen as of next year. “It makes no sense…
Read MoreTenants Need a Budget That Boosts Housing Choices
Ahead of this week’s budget, the National Residential Landlords Association (NRLA) is publishing the below press briefing outlining the key challenges the Chancellor needs to address in the rental market. Boosting Tenant Choice Private sector tenants across the country are struggling as a result of the demand for rented homes massively outstripping supply. It is…
Read MoreHouse Price Index from Zoopla – 28th October 2024
2024 set to be a bumper year for housing sales with total value of homes in sales pipeline up 30 per cent to £113bn, reports Zoopla Rising incomes and the lowest mortgage rates for two years are supporting the highest level of new sales agreed since autumn 2020 UK house price growth has increased…
Read MoreZoopla reveals the top ten most common street names in the UK
Zoopla, one of the UK’s leading property websites, reveals the top ten most common street names across the UK. Zoopla’s analysis of ordnance survey data finds that High Street is the most common name for a street(2086), followed by Station Road (1939) and Church Street (1408). High Street (2086 in the UK) is the most…
Read MoreLandlords Have “Critical” Role to Play In Housing Market Says New Report
Landlords are today welcoming a new report calling for action to tackle the rental housing supply crisis. The report by the Radix Big Tent Housing Commission concludes that it is “crucial that not only those who are renters of necessity but also those that are renters of choice have the opportunity to live in sustainable,…
Read MorePrivate rent and house prices, UK: October 2024
Average UK private rents increased by 8.4% in the 12 months to September 2024 (provisional estimate); this is unchanged from the 12 months to August 2024. Average rents increased to £1,336 (8.5%) in England, £760 (8.3%) in Wales, and £973 (7.2%) in Scotland, in the 12 months to September 2024. In Northern Ireland, average rents…
Read MoreFoxtons Lettings Market Index – September 2024
Foxtons data points towards a resilient Lettings market despite seasonal dip • New market listings increased 12% from September 2023 • Applicant demand decreased 35% month-on-month from August, aligning with the typical seasonal dip • Applicant budgets remained 2% higher year-on-year in September, higher than any other year September signals the close of a highly…
Read MoreLandmark Information Group Q3 2024 Property Trends Report (England and Wales)
Despite surge in housing supply, economic and political climate continues to put downward pressure on completion rates Landmark’s newly released Q3 Residential Property Trends report demonstrates a detailed analysis of the housing market, providing data from July to September 2024. The report highlights that high supply is offset by slow completions, with economic and political…
Read MoreMPs Urged to Strike the Right Balance on Renters’ Rights Bill
Speaking prior to the second reading of the Renters’ Rights Bill, which will be debated by MPs later today, Chris Norris, Policy & Campaigns Director for the National Residential Landlords Association, said: “The changes MPs will debate are the biggest shake up of the rental market for over 30 years. The proposed reforms need to…
Read MoreGovernment Needs to Prevent Rent Debts, Not Let Them Grow
Ministers need to do more to prevent tenants building rent arrears, not allow them to get bigger as currently planned. The call comes as the Government’s Renters’ Rights Bill proposes increasing the amount of arrears a tenant can build from two to three months of rent before landlords can serve notice to repossess a property.…
Read MoreHalifax House Price Index September 2024
House prices in September 2024 were 4.7% higher than the same month a year earlier. House prices rise for third straight month House prices increased by +0.3% in September, matching rise seen in August Year-on-year prices are up +4.7%, still the strongest rate since November 2022 Higher annual growth continues to reflect…
Read MoreNationwide House Price Index for September
September records fastest annual house price growth in two years UK house prices up 3.2% year-on-year in September Northern Ireland best performer, with prices up 8.6% in Q3 East Anglia weakest performing region, with prices down 0.8% over the year Headlines Sep-24 Aug-24 Monthly Index* 529.4 525.9 Monthly Change* 0.7% -0.2% Annual Change 3.2% 2.4%…
Read MorePrivate rent and house prices, UK: September 2024
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. 1.Main points Average UK private rents increased by 8.4% in the 12 months to August 2024 (provisional estimate), down from 8.6% in the 12 months to July 2024. Average rents…
Read MoreUK inflation holding at 2.2% – Remains a Buyers’ Market
Commenting on UK inflation holding at 2.2% and how it remains a buyers’ market, Daniel Austin, CEO and co-founder at ASK Partners, said: “Despite inflation remaining above the 2% target, which may concern investors and consumers, the property sector has shown remarkable resilience in recent months. There are encouraging signs, as various house price indices from…
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