Breaking News
Stamp duty rises to 5% on second homes
Immediate rise on SDLT for buying second home in £40 Bn Tax rise budget In a shock announcement that nearly made me fall off the sofa as I watched the Chancellor of the Exchequer Rachal Reeves in full flow, she stated that as of midnight on the 30th of October 2024, anyone buying a second home and…
Andrew Stanton
Tenants Need a Budget That Boosts Housing Choices
Ahead of this week’s budget, the National Residential Landlords Association (NRLA) is publishing the below press briefing outlining the key challenges the Chancellor needs to address in the rental market. Boosting Tenant Choice Private sector tenants across the country are struggling as a result of the demand for rented homes massively outstripping supply. It is…
EAN Breaking News
House Price Index from Zoopla – 28th October 2024
2024 set to be a bumper year for housing sales with total value of homes in sales pipeline up 30 per cent to £113bn, reports Zoopla Rising incomes and the lowest mortgage rates for two years are supporting the highest level of new sales agreed since autumn 2020 UK house price growth has increased…
EAN Breaking News
Rightmove’s Autumn Budget analysis
Key data ahead of the Budget · If the current stamp duty thresholds are not made permanent during the budget, the average first-time buyer will pay £3,538 in stamp duty compared with nothing now: · The percentage of all home-movers that will be exempt from stamp duty will decrease from 28% to 5% (by lowering from £250,000…
Rightmove
Breaking Property News 28/10/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Highly competitive rental market seeing tenants pay hundreds of pounds as rents climb during search The latest research by tlyfe, the UK’s number one tenant app launched by OpenBrix, has revealed how a highly competitive rental market is seeing tenants paying hundreds, sometimes thousands of…
Andrew Stanton
Rightmove’s weekly mortgage tracker – 24/10/24
The average 5-year fixed mortgage rate is now 4.64%, down from 5.39% a year ago The average 2-year fixed mortgage rate is now 4.94%, down from 5.85% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.65%, down from 5.47% a year ago The average 60% LTV 5-year fixed mortgage rate is now 4.05%, down from 4.95% a year ago The average monthly mortgage payment on a…
EAN Content
Highest Q3 Sales revenue since 2015 and third consecutive quarter of revenue growth in 2024- Foxtons Q3 results
Third consecutive quarter of growth in 2024, with Q3 revenue up 8% to £47.4m (Q3 2023: £43.9m) and 30 September 2024 YTD revenue up 10% to £125.9m (30 September 2023 YTD: £114.8m) Q3 growth was driven by Sales, Sales revenue up 36% to £13.5m (Q3 2023: £9.9m), and underpinned by resilient Lettings revenue which was…
EAN Content
Zoopla reveals the top ten most common street names in the UK
Zoopla, one of the UK’s leading property websites, reveals the top ten most common street names across the UK. Zoopla’s analysis of ordnance survey data finds that High Street is the most common name for a street(2086), followed by Station Road (1939) and Church Street (1408). High Street (2086 in the UK) is the most…
EAN Breaking News
Landlords Have “Critical” Role to Play In Housing Market Says New Report
Landlords are today welcoming a new report calling for action to tackle the rental housing supply crisis. The report by the Radix Big Tent Housing Commission concludes that it is “crucial that not only those who are renters of necessity but also those that are renters of choice have the opportunity to live in sustainable,…
EAN Breaking News
Breaking Property News 21/10/24
Daily bite-sized proptech and property news in partnership with Proptech-X. What affect will Rachel Reeves have on landlords and commercial property owners? Can you beat the anticipated increase in Capital Gains Tax? Leading London and Kent law firm Thackray Williams has seen a surge in demand from clients, nervous about potential tax changes in Labour’s first…
Andrew Stanton
Strong activity but muted Autumn price bounce as buyer choice builds
Average new seller asking prices rise by just 0.3% (+£1,199) this month to £371,958. This is much lower than the average seasonal 1.3% monthly increase at this time of year Market activity remains strong, but the muted Autumn price increase comes as buyer choice and seller competition rise: The number of sales being agreed is…
Rightmove
Landlords Have “Critical” Role to Play In Housing Market Says New Report
LANDLORDS are today welcoming a new report calling for action to tackle the rental housing supply crisis. The report by the Radix Big Tent Housing Commission concludes that it is “crucial that not only those who are renters of necessity but also those that are renters of choice have the opportunity to live in sustainable, high-quality…
Christopher Walkey
Rightmove: Reaction to Rumoured Stamp Duty Thresholds
Commentary from Rightmove’s Director of Property Science, Tim Bannister: “The rumours that “nil rate” and first-time buyer stamp duty thresholds will indeed be reverting to previous levels as of March 2025, rather than be held at their current rates, will no doubt be seen as an unwelcome additional cost by many buyers looking to make…
Rightmove
Study reveals England areas with the Highest Council Tax Rates 2024
Elmbridge tops the list with the highest council tax, averaging £2,646 per dwelling. Surrey Heath follows closely, with an average council tax of £2,501 per home. On the flip side, Wandsworth offers the lowest council tax in England, averaging just £921 per dwelling. Living comfortably always comes at a price – especially when it comes…
EAN Content
Private rent and house prices, UK: October 2024
Average UK private rents increased by 8.4% in the 12 months to September 2024 (provisional estimate); this is unchanged from the 12 months to August 2024. Average rents increased to £1,336 (8.5%) in England, £760 (8.3%) in Wales, and £973 (7.2%) in Scotland, in the 12 months to September 2024. In Northern Ireland, average rents…
EAN Breaking News