Breaking News
Breaking Property News 10/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Industry-first Property Sense launches Place 3D to enhance its in-house capabilities Stockport-based estate and letting agent disruptor, Property Sense, has launched a new proptech sister company called Place 3D. Which will unveil new proptech capabilities to the UK market, allowing clients to experience high-specification 3D…
Andrew Stanton
Breaking Property News 09/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Cathedral View 2 building at The Forum is let to Fasthosts Internet Ltd by Bruton Knowles The rental of office space totalling 19,000 sq ft at a pivotal Gloucester development – at the centre of a recognised world-leading cyber hub – the entire Cathedral…
Andrew Stanton
Halifax House Price Index for August
UK house prices edge up to hit two-year high House prices in August 2024 were 4.3% higher than the same month a year earlier. House prices increased by +0.3% in August, after +0.9% rise in July Year-on-year prices are up +4.3%, the strongest rate since November 2022 Higher annual growth largely reflects the base…
EAN Breaking News
Nationwide House Price Index for August
Annual house price growth edged higher in August UK house prices fell 0.2% month on month in August Annual growth rate picked up to 2.4%, from 2.1% in July Fastest pace of annual growth since December 2022 Energy efficiency becoming more important in influencing what buyers will pay for a home Headlines Aug-24…
EAN Breaking News
Rightmove Points to Worsening Crisis in Private Rented Sector
Responding to data published today by Rightmove suggesting that the number of former rental properties up for sale is now at its highest level on record, Chris Norris, Policy Director for the National Residential Landlords Association, said: “Today’s data will be a serious concern for all those renters struggling to find somewhere to call home. …
EAN Breaking News
Record levels of former rental homes for sale
The proportion of former rental properties moving into the sales market is at its highest on record, indicating more landlords are selling up, some potentially driven by the mooted increase in Capital Gains Tax in the Autumn Statement on 30th October: 18% of properties now for sale were previously on the rental market, compared with…
Rightmove
Rightmove’s weekly mortgage tracker 4th September 2024
The lowest available 5-year fixed rate mortgage is now 3.77% (for 60% LTV), which is the lowest a five-year fixed rate has been since before the mini-Budget in September 2022. Other key points this week include the average 5-year fixed mortgage being a full 1.0% lower than last year, and the average 60% 5-year rate…
Rightmove
Breaking Property News 04/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Property Technology in the UK: Trends, Growth, and Challenges Proptech, (Property Technology), having exploded in the UK in 2017 with 60% of new startups in the sector clambering to be the next big thing – is seven years on now maturing. All the hype…
Andrew Stanton
Breaking Property News 03/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Can you further monetise Rightmove without alienating your agent clients? Rightmove faces the same existential problem that all portals face, they are a digital advertising billboard, but the second a portal wants to maximise its profits and offer property services it robs its clients…
Andrew Stanton
Breaking Property News 02/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. The Australian based REA Group announces its intention to acquire UK’s Rightmove Rightmove whose fortunes have been in the doldrums, as they failed to re-invent themselves, instead just inflating the annual cost of agency licences, has been thrown a lifeline in the shape of…
Andrew Stanton
First-time buyer mortgage payments nearly £150 lower than peak
The latest data from Rightmove’s weekly mortgage tracker highlights that the average first-time buyer monthly mortgage payment is nearly £150 lower than the peak in July 2023, as mortgage rates decrease: The average monthly mortgage payment for a typical first-time buyer is now £949, compared with £1,096 at the mortgage rate peak in July 2023…
Rightmove
Breaking Property News 29/08/24
Daily bite-sized proptech and property news in partnership with Proptech-X. More sponsors for The Guild and Agents Giving Golf event at the Belfry Golf Resort Warwickshire The ESTAS was recently announced as headline sponsor for the highly anticipated Golf and Spa Day, taking place after the iconic Rolex British Masters. Joining the esteemed list…
Andrew Stanton
Jeremy Clarkson’s pub brings spike in searches for Burford
New analysis shows that the opening of Jeremy Clarkson’s new pub ‘The Farmer’s Dog’ has brought a spike in searches for nearby Burford on Rightmove, as people are inspired to look at homes for sale nearby The 24th of August, the day after the pub’s opening, saw the highest number of searches for homes…
Rightmove
Zoopla House Price Index: August 2024
House prices rise across the UK as London veers into positive territory. But homeowners looking to sell must be wary of overpricing. Key takeaways Over the first 7 months of 2024, house prices have risen by 1.4%. All areas of market activity are up year-on-year – the long-awaited base rate cut has not had a…
EAN Breaking News
Breaking Property News 28/08/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Is it right to offer cash prizes and free accommodation to students who apply through clearing? Co-founder of Roome – Owen Redman (pictured) in the wake of the current squeeze on finances, both for students and Universities has spoken out on what he sees as exploitation of undergraduates,…
Andrew Stanton