Breaking News
Right to Manage: changes to legislation come into effect on Monday
On Monday 3 March further provisions within the Leasehold and Freehold Reform Act 2024 come into force, including Section 49 which concerns the change of non-residential limit on Right to Manage (RTM) claims. This secondary legislation will mean that residential leaseholders within a mixed-use scheme will qualify for RTM when the commercial element of a…
EAN Breaking News
Fall in construction workloads, warns Federation of Master Builders
Workloads for small building companies fell by 8% in the last three months of 2024, according to the latest Q4 2024 State of Trade Survey from the Federation of Master Builders (FMB). Brian Berry, Chief Executive of the FMB said, “The latest State of Trade Survey, looking at SME construction activity during the last three…
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 *…
EAN Breaking News
Rental 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…
EAN Breaking News
Proposed 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…
EAN Breaking News
UK 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…
EAN Breaking News
Breaking Property News 27/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. New top appointment strengthens tenant referencing company Adam Pigott Co-founder & CEO of Openbrix a company which bought FCC Paragon three months ago, announces that, ‘Bekki Leaves has taken up the reigns as MD and is doing a fantastic job that draws on her…
Andrew Stanton
Zoopla – 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…
EAN Breaking News
Breaking Property News 26/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Renters’ Rights Bill – Section 6B: A Vital Reform or a Landlord’s Loophole? Siȃn Hemming Metcalfe asks should independent reports be a requirement to prove genuine redevelopment of rental assets in the PRS? As the Renters’ Rights bill grinds forwards a lot of potential unintended…
Andrew Stanton
Breaking Property News 25/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Stamp Duty Land Tax in the news again for all the wrong reasons Why some buyers can save on SDLT fees by using SCA Tax With just over a month for homebuyers to complete by the 31st of March 2025, or before to beat the…
Andrew Stanton
25,000 first-time buyers set to miss stamp duty deadline and complete in April
Over 25,000 first-time buyers in England who are currently going through the process of legally completing on a property purchase are predicted to miss the stamp duty deadline on March 31st, and complete in April Nearly 74,000 movers in England in total are set to miss the deadline and complete in April, with a collective…
Rightmove
Breaking Property News 20/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Roome celebrates four years of helping students and growing universities’ revenue James Buck, co-founder of Roome sums up the 48-month journey so far, ‘Four years ago, we launched an app Owen Redman and I wished we had at university – a tool to make shared living not…
Andrew Stanton
Tenants 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…
EAN Breaking News
New 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…
EAN Breaking News
Continued 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…
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