Breaking News
Real estate market analysis reveals the best U.S. cities for property investment in 2024
A new study has revealed a ranking of the best cities for real estate investments in 2024, with Miami, Florida, ranking at the top. The ranking is determined by annual price growth for different property sizes, personal income, income growth, population growth, and search volume for real estate terms. Miami, Florida, boasts the highest 13% increase in the value of…
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Breaking Property News 26/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Managing Partner Clelia Warburg Peters raises multi-million first fund to digitally transform real estate sector Era Ventures, a pioneering venture capital firm focused on investing in a broad range of business model innovations to catalyse positive change in the built world, today announced the…
Andrew Stanton
Government must help landlords meet EPC C target
Rt Hon Ed Miliband, Secretary of State for Energy Security and Net Zero (DESNZ) has confirmed that by 2030 all rental properties will be required to achieve at least Energy Performance Certificate (EPC) level C or equivalent. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “Many landlords will find EPC C…
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Breaking Property News 25/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Maximising built environment stakeholder engagement via multichannel media David Hartley, PR and Marketing Manager for Conscious Communications has some excellent advice for developers and asset owners operating in the built environment sector, who need to get their message across, ‘Stakeholder engagement is more than just a…
Andrew Stanton
Rightmove’s weekly mortgage tracker – 25/09/24
The average 5-year fixed mortgage rate is now 4.58%, down from 5.53% a year ago The average 2-year fixed mortgage rate is now 4.93%, down from 6.07% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.61%, down from 5.60% a year ago The average 60% LTV 5-year fixed mortgage rate is now 3.87%, down from 5.15% a year ago The average monthly mortgage payment on a…
Rightmove
Rightmove open forum: Tackling misconceptions about agents head on
Rightmove is hosting an open forum with agents, to discuss how to tackle misconceptions from the public about the estate agency industry together. Taking place on Thursday 26th September at 10:00am, the open forum is an opportunity for Rightmove and agents to work on solutions together, to dispel some of the most common misconceptions that agents…
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Wrexham is Britain’s busiest rental market with 54 enquiries per home
Rightmove’s Demand Tracker reveals that Wrexham is the busiest rental market, with letting agents receiving an average of 54 enquiries per available property: This compares to an average of 19 enquiries per rental property across Great Britain Glasgow (52 enquiries per property) is second and Bristol (51 enquiries per property) is third Average advertised rents…
Rightmove
Harron streamlines homebuying for househunters
Harron Homes has introduced its enhanced Homemover schemes designed to simplify the homebuying and selling process for househunters searching across Yorkshire and the North Midlands. The two schemes, Assisted Move and Part Exchange, provide practical solutions for customers looking to move into a new Harron home while avoiding the common pitfalls of selling their current…
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Breaking Property News 24/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Universities Losing Millions Due to Accommodation Challenges: A Proptech Solution Owen Redman co-founder of Roome shares some thoughts on the plight of students and seats of learning across the UK, and how they both can be helped, ‘Universities across the UK are facing significant financial losses every…
Andrew Stanton
Breaking Property News 23/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Though rental market is in a state of flux, leading proptech helps both tenants & landlords As the rental market evolves in response to impending change to legislation and increasing demand, both tenants and landlords are navigating a more competitive and complex environment. The…
Andrew Stanton
Rightmove reacts to Bank of England rate hold
Reacting to today’s Bank Rate hold, Matt Smith, Rightmove’s mortgage expert said: “We’re still expecting two rate cuts before the end of the year, and home-movers should continue to see a downward trend in mortgage rates this side of Christmas. I think overall, there’s likely to be quite a moderate response from lenders in response…
Rightmove
Breaking Property News 19/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Industry overview of the expert guides for AI implementation Kateryna Mamchych from Ascendix Technologies gives her expert opinion regarding best practitioners to lead companies through the AI transisition which all companies are now finding themselves caught up in, ‘Artificial Intelligence (AI) has become a pervasive…
Andrew Stanton
Rightmove: St Albans named Great Britain’s most expensive city to rent
St Albans named Great Britain’s most expensive city to rent outside London New analysis reveals St Albans as the most expensive city to rent outside London, with average advertised rents of £2,307 per calendar month (pcm), 71% above the national average Oxford follows closely, with rents averaging £2,237 pcm, while Cambridge is third most…
Rightmove
Private rent and house prices, UK: September 2024
The Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. The UK House Price Index measures house price inflation. 1.Main points Average UK private rents increased by 8.4% in the 12 months to August 2024 (provisional estimate), down from 8.6% in the 12 months to July 2024. Average rents…
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UK inflation holding at 2.2% – Remains a Buyers’ Market
Commenting on UK inflation holding at 2.2% and how it remains a buyers’ market, Daniel Austin, CEO and co-founder at ASK Partners, said: “Despite inflation remaining above the 2% target, which may concern investors and consumers, the property sector has shown remarkable resilience in recent months. There are encouraging signs, as various house price indices from…
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