Breaking News
Rightmove reaction to Base Rate hold
At its meeting ending on 20 March 2024, the Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 8–1 to maintain Bank Rate at 5.25%. Matt Smith, Rightmove’s mortgage expert said: “Although today isn’t the day for the first Base rate cut, each day that passes is one step closer, and it’s…
Rightmove
Breaking Property News – 21/03/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Bank of England hold rate at 5.25% ‘The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 20 March 2024, the…
Andrew Stanton
Chard in Somerset is new sales hotspot and detached houses make a comeback
New data reveals that Chard, a town in Somerset, is the new sales hotspot, with the number of sales agreed more than doubling (+123%) compared to this time last year Hilton, in Derby is second in the list of hotspots (+112%) and Padgate in Warrington is third (+112%) Overall, the number of sales being agreed…
Rightmove
Rightmove’s Weekly Mortgage Tracker
Mortgage rates tick up slightly but inflation news suggests positive trends ahead Headlines The average 5-year fixed mortgage rate is now 4.85%, up from 4.62% a year ago The average 2-year fixed mortgage rate is now 5.23%, up from 4.96% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.79%, up…
Rightmove
Property values up according to Gov index
UK House Price Index for January 2024. The latest index shows that House prices climbed by 0.5% between December 2023 and January 2024. House prices were down -0.6% year on year, although this rate of decline has reduced significantly from the -2.2% seen the previous month. London saw the largest increase on a monthly basis…
EAN Breaking News
Rightmove reaction to inflation dropping to 3.4%
Official data published by the Office for National Statistics this morning showed inflation had fallen from four per cent in January to 3.4 per cent in February. Matt Smith, Rightmove’s mortgage expert said: “Today’s news is positive, and every day is one step closer to when we might see the first Base Rate reduction, and…
Rightmove
Breaking Property News – 20/03/24
Daily bite-sized proptech and property news in partnership with Proptech-X. London Co-Living Specialist Acquires Fourth Competitor in Under Three Years Co-living specialist Built Asset Management (BAM) today announced its fourth competitor acquisition in under three years with competitor ProCo-Living joining the BAM business portfolio with immediate effect. ProCo-Living’s shared ethos of providing high-end accommodation options to young professionals…
Andrew Stanton
Breaking Property News – 19/03/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Reimagine the Built World at CREtech London on the 8th & 9th May 2024 Welcome to the future of the built world! No other conference brings together the world’s leading technology providers, real estate companies, government officials, advisory firms, and venture investors like CREtech…
Andrew Stanton
Breaking Property News – 18/03/24
Daily bite-sized proptech and property news in partnership with Proptech-X. x+why revolutionise sustainable workspace design with launch of whydesign Press Release London, 18th March 2024: Leading flexible workspace specialist x+why is launching a new in-house award-winning design team, whydesign, focused on customising sustainable and design-led office spaces. whydesign will support businesses in the optimisation of workspaces to…
Andrew Stanton
Rightmove House Price Index: Stronger buyer demand and sales as market marches into Spring
The average price of newly marketed properties rises by 1.5% (+£5,279) this month to £368,118, higher than the historic average March increase of 1.0% and the biggest for 10 months as the market continues its recovery after a muted 2023 The positive start to the year continues, paving the way for a greater number of…
Rightmove
Weekly News Roundup – 15/03/24
A roundup of the week’s top property and proptech news stories in partnership with Proptech-X Inventory Base & Street Group partner to make agents more profitable Inventory Base, the UK’s leading property inspection software provider, and Street.co.uk, a pioneering estate agency software and CRM, are proud to announce an integration partnership that promises to drive…
Andrew Stanton
Breaking Property News – 14/03/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Inventory Base & Street Group partner to make agents more profitable PRESS RELEASE London, March 2024: Inventory Base, the UK’s leading property inspection software provider, and Street.co.uk, a pioneering estate agency software and CRM, are proud to announce an integration partnership that promises to…
Andrew Stanton
Breaking Property News – 13/03/24
Daily bite-sized proptech and property news in partnership with Proptech-X. How to elevate your Portal with AI property search? According to Ascendix Technolgies, ‘Property search is usually a hard task requiring plenty of effort, research, and time. To accomplish this, the majority of modern rental marketplaces offer keyword search in combination with filters and Geosearch….
Andrew Stanton
Rightmove’s weekly mortgage tracker 13/03/24
The average 5-year fixed mortgage rate is now 4.84%, up from 4.61% a year ago The average 2-year fixed mortgage rate is now 5.22%, up from 4.99% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.78%, up from 4.63% a year ago The average 60% LTV 5-year fixed mortgage rate is now 4.37%, up from 4.29% a year ago The average monthly mortgage payment on a…
Rightmove
Breaking Property News – 12/03/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Alto customers get access to ViewMyChain to help reduce fall throughs Press Release LONDON, UK – 12 March 2024 – Alto, the market-leading software for estate agents and part of Houseful is pleased to announce its latest integration with ViewMyChain, the UK’s only data-driven chain management tool….
Andrew Stanton