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…
EAN Breaking News
Inheritance 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…
EAN Breaking News
Propertymark 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…
EAN Breaking News
Industry 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…
EAN Breaking News
Rents 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…
EAN Breaking News
Breaking Property News 19/06/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Cloud-based practice management platform launches at Taylor Rose Taylor Rose parent AIIC Group rolls out cloud-based practice management platform AIIC Group (“AIIC”), the legal group behind law firms Taylor Rose, FDR Law and Kingsley Wood, is rolling out a new fully cloud-based practice management…
Andrew Stanton
Number of million-pound homes for sale doubles since 2019
New analysis shows that the number of homes for sale priced at a million pounds or more has doubled (+103%) across Great Britain over the last six years Just over 5% of homes for sale across Great Britain are now priced at over a million pounds, versus just under 3% in 2019 Cornwall (+246%) has…
Rightmove
Housing 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…
EAN Breaking News
Thoughts 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…
EAN Breaking News
Planning 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…
EAN Breaking News
1.8 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…
EAN Breaking News
ONS 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…
EAN Breaking News
Property 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…
EAN Breaking News
Fairer 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…
EAN Breaking News
Foxtons 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…
EAN Breaking News