Breaking News

Nationwide HPI – Annual house price growth steady in March

 

Annual rate of house price growth remained stable in March at 3.9%, unchanged from February Northern Ireland remained the top performing area, with annual price growth accelerating to 13.5% London weakest performing region, with 1.9% year-on-year rise Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “UK house price growth remained stable in March…

Read More ->

 

EAN Breaking News

Tenants and landlords must be aware of new electrical safety standards in Northern Ireland

 

Propertymark has urged tenants and landlords in Northern Ireland to be aware of new electrical safety standards that begin on 1 April 2025.   On 19 November 2024, the new regulations were approved by the Northern Ireland Assembly in response to a public consultation throughout September 2023.   From 1 April 2025, the regulations introduce the responsibility for…

Read More ->

 

EAN Breaking News

Countryside

End to rent adjudication measures in Scotland

 

Letting agents across Scotland will welcome the news that the temporary rent adjudication measures end on 31 March 2025. The Cost of Living (Tenant Protection) (Scotland) Act 2022, which temporarily protected tenants by controlling rent, limiting evictions, and setting up rent review measures, ended on 31 March 2024. However, some of these measures were extended…

Read More ->

 

EAN Breaking News

Propertymark comments on Stamp Duty threshold changes

 

Commenting on the Stamp Duty threshold changes commencing from tomorrow, 1 April, Toby Leek, President of NAEA Propertymark, the leading professional body for estate agents, said: “There will be many people completing on the sale of their home today to save potentially thousands of pounds from tomorrow onwards. “Some will also be disappointed that they…

Read More ->

 

EAN Breaking News

Rightmove logo

Rightmove comment on mortgage market and mortgage rates update

 

Matt Smith, Rightmove’s mortgage expert says: “As stamp duty deadline day arrives, average mortgage rates have remained steady since last week’s Spring Budget and unexpected drop in inflation rate. The lowest available mortgage rate is still a 2-year fixed deal at 3.86%, for those with the largest deposits, as the short-term outlook for rates remains…

Read More ->

 

Rightmove

Surging rents for students – one of many ‘unintended consequences’ of the Renters’ Rights Bill

 

In London, there are brand new high-end developments at Kings Cross that are used by many students. But a London-based landlord tells Propertymark that though many of their student renters have never defaulted, they do have concerns about the unintended consequences that the Renters’ Rights Bill could have on the student lettings market. “It is…

Read More ->

 

EAN Breaking News

bank of england interest rate

Bank of England Money and Credit Report – February 2025

 

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals decreased by £0.9 billion, to £3.3 billion in February,…

Read More ->

 

EAN Breaking News

Propertymark response to latest HMRC UK property transactions report

 

UK monthly property transactions commentary Headline statistics from the latest transactions data include: the provisional seasonally adjusted estimate of the number of UK residential transactions in February 2025 is 108,250, 28% higher than February 2024 and 13% higher than January 2025 the provisional non-seasonally adjusted estimate of the number of UK residential transactions in February 2025 is 90,430, 24%…

Read More ->

 

EAN Breaking News

Love or Hate Rightmove

Rightmove – Latest Mortgage Rates

 

Rightmove’s Weekly Mortgage Tracker Lowest rates for 2-year and 5-year fixed-rate mortgages Term Lowest rate Weekly change Yearly change 2-year fixed 3.86% +0.00% -0.60% 5-year fixed 3.96% +0.00% -0.17% Average fixed-term mortgage rates for home-buyers with 5-10% deposits Loan to Value (LTV) Term Avg rate 20 Mar 2025 Avg rate 27 Mar 2025 Weekly Change…

Read More ->

 

Rightmove

Breaking Property News 27/03/25

 

Daily bite-sized proptech and property news in partnership with Proptech-X.   What does a Property Developer in the UK actually do? A complete guide to the role, responsibilities, and realities of development in 2025 In the ever-evolving landscape of the UK’s property market, property developers play a central role in shaping where and how we…

Read More ->

 

Andrew Stanton

Industry Response to the Spring Statement

 

Following on from the Spring Statement, here are some thoughts from the Industry. Rightmove’s property expert Colleen Babcock: “It’s extremely disappointing that the government have not used the Spring Statement as an opportunity to extend the impending Stamp Duty deadline for those currently going through the home-moving process. We estimate over 70,000 buyers are going…

Read More ->

 

EAN Breaking News

Leaders Response to the Spring Statement

 

Michael Cook, Chief Executive Officer of Leaders Romans Group Given the challenge of making £15 billion worth of cuts to public spending, today’s Spring Statement was never going deliver everything on the property industry’s wishlist. That said, two significant pieces of good news stand out amongst some otherwise depressing statistics. And this goes to show…

Read More ->

 

EAN Breaking News

Spring Statement ‘Sweetener’ or Legal Headache? Lawyer Weighs In

 

Daniel McAfee, Head of Legal Operations at Lawhive and a UK lawyer, exploring the legal implications of the affordable housing investments. UK lawyer says “While this initiative will provide housing stability for thousands of families, many more will continue facing uncertainty.  “This ongoing pressure frequently leads to interconnected legal needs, from family law matters exacerbated…

Read More ->

 

EAN Breaking News

ONS house price index – Thoughts from the Industry

 

On Sales: Jean Jameson, Chief Sales Officer at Foxtons: “February built on January’s strong momentum, with sales outperforming last year and market confidence holding steady. First-time buyer demand remained resilient, despite the fact that anyone buying now is unlikely to complete in time to benefit from the stamp duty relief—suggesting the incentive may not be…

Read More ->

 

Christopher Walkey

Private rent and house prices, UK: March 2025

 

Average UK monthly private rents increased by 8.1%, to £1,326, in the 12 months to February 2025 (provisional estimate); this annual growth rate is down from 8.7% in the 12 months to January 2025. Average rents increased to £1,381 (8.3%) in England, £785 (8.5%) in Wales, and £998 (5.8%) in Scotland, in the 12 months…

Read More ->

 

EAN Breaking News