Breaking News
The Bank of England’s Interest Rate Cut is Welcome News for the Property Market
By Kevin Shaw, National Sales Managing Director, LRG Encouraging signs for the property sector The Bank of England’s decision to cut the base rate by 0.25% is a welcome and timely move for both the property sector and the economy more generally. With the rate now back to where it was in March 2023 and…
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Homebuyers set to be £41,000 better off
Average homebuyer set to be £41,000 better off thanks to relaxed lending rules The latest research from award-winning mortgage adviser, Alexander Hall, has revealed that the average homebuyer in England is set to be over £41,000 better off thanks to recent government reforms and lender policy changes, which are beginning to ease long-standing affordability barriers. Alexander Hall…
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HMRC issues 12-month warning on MTD for landlords
In exactly 12 months, landlords earning over £50,000 must submit their first quarterly tax updates as part of the new MTD process. A recent survey by Accountex found that 4 in 5 accountants see MTD as the biggest challenge of the next year. 1 in 3 accountants also said they feel unprepared for the deadline,…
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Property Industry Response to Halifax House Price Index
Commenting on the latest Halifax house price data, which shows a 0.4% increase. Here are some thoughts from the Industry Nathan Emerson, CEO of Propertymark “This is a glimmer of good news for consumers considering it has been reported that there are economic headwinds ahead of us soon, and this news proves that house prices…
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Halifax House Price Index July 2025
House prices in July 2025 were +2.4% higher than the same month a year earlier. • House prices increased by +0.4% in July, the highest since the start of the year • Average property price now £298,237 compared to £297,157 last month • Annual rate of growth +2.4% (vs +2.7 in June) • Northern…
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Average first-time buyer mortgage payment nearly £100 less than last year
Ahead of the Bank of England’s interest rate decision at 12:00pm on Thursday, Rightmove’s analysis shows that the typical first-time buyer monthly mortgage payment is nearly £100 less than at this time last year The average first-time buyer mortgage payment is currently £909 per month, versus £1,002 per month last year The average two-year fixed…
Rightmove
Five-year slump in construction activity is a wakeup call
The steepest fall in construction activity since May 2020 is a serious a wakeup call that government announcements on construction have yet to be delivered, says the Federation of Master Builders (FMB) in response to July’s S&P Global UK Construction PMI data Brian Berry, Chief Executive of the FMB commented: “The sharp downturn in construction…
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1 in 5 Brits Surveyed Have No Savings
Renters Saving For Deposit Falls to 6 Month Low Barclays Property Insights has revealed that renters are losing confidence about being able to buy a home, with the number of renters actively saving for a deposit falling to 17% from 31% at the start of the year. takepayments – the leading digital payment solutions provider…
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Property market summer slowdown debunked
The latest data analysis from Yopa has revealed that the commonly held belief that the property market slows down during the summer months is nothing but a myth, with the market actually seeing some of the highest levels of activity throughout the summer season over the last four years. Yopa analysed* historic market data for…
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Number of renters saving for a deposit hits six month low
Rent and mortgage spending sees highest growth since February, with renters disproportionately impacted More than half of UK adults believe renting a property is more expensive than paying a mortgage 17 per cent of renters report saving for a deposit in July, compared to 31 per cent in January Consumer spending on rent and mortgages…
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80% of first-time buyers moved back in with parents to get on the ladder
96 percent of first-time buyers received financial help for their deposit – with 68% receiving help from family, and 57% from friends, survey finds Three quarters (75%) scaled back on their property to buy in a preferred location TSB customer data: Average age of first-time buyers up to 32 years from 31 The length of…
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Cottagecore dreams on a budget: Zoopla reveals where to find your idyllic and affordable country retreat
New analysis from Zoopla reveals North Lanarkshire, Scotland, is the most affordable place to buy a cottage in Great Britain, with an average asking price of £83,500 Sunderland in the North East follows closely behind, with an average cottage price of £115,000 The South East commands the highest prices, with the most expensive cottages found…
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Construction Sector Recovery Slows Pace, Yet Remains Steady
Construction starts grew 9% both in the three months to July and compared with last year. Residential work starting on-site was 10% up against the previous three months and grew 25% on a year ago. Although non-residential starts grew 7% on a quarterly basis, they slipped back 1% year-on-year. Civil engineering project starts fell 21%…
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Small Landlords Quitting in Droves as Rental Reforms Loom
One in three letting agents report small landlord exodus – and blame the Renters’ Rights Bill 34% of agents report more small landlords quitting the market 93% fear losing independent landlords due to upcoming reforms 70% say at least some landlords have already sold up Britain’s backbone landlords are quitting in droves and the Government’s…
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Housing Insight Report – June 2025
The Housing Insight Report takes a monthly look at the trends affecting the UK housing market. Propertymark gathers the statistics by surveying estate and letting agents who are members of NAEA Propertymark and ARLA Propertymark. Here are the findings for June: While mortgage lending shows resilience, affordability remains the foremost barrier for buyers and renters…
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