Breaking News
Downsizing could unlock half a million in cash for empty nesters
Homeowners of five-bed houses who own outright could downsize to a three-bed home, and make an average of £498,687 in cash before moving costs London sees the highest potential average cash return when downsizing, where movers could pocket £1,062,087 when moving from a five-bed to a three-bed house on average Movers in the North East…
Rightmove
Rent Controls Would Be a Disaster for Tenants
A third of private sector landlords would sell properties they let if rent controls were introduced, according to new research. The data, compiled by the research consultancy Pegasus Insight, finds that in the second quarter of the year 82 per cent of landlords in England and Wales reported strong demand for properties from tenants. Demand…
EAN Breaking News
Breaking Property News 13/08/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Over 600 agents streamline operations with virtual tours provided by trusted premier industry supplier The UK property market is experiencing a significant transformation, with estate agencies increasingly adopting virtual tour technology to streamline the sales process and reduce operational costs. Made Snappy 360, a leading…
Andrew Stanton
Breaking Property News – 12/08/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Over 150k additional homeowners have signed up for HM Land Registry scheme New figures obtained by Thirdfort, a client due diligence platform combining Know Your Client (KYC), Anti-Money Laundering (AML) and Source-of-Funds (SoF) verification, show a 26% increase in the total number of homeowners who…
Andrew Stanton
Rightmove to sponsor prime-time ITV show The Voice UK
Rightmove, the UK’s largest property website, has today announced its headline sponsorship of ITV’s popular family entertainment show, The Voice UK. The sponsorship comes at the beginning of the busy Autumn selling season, with the new series of The Voice UK coming soon. The ITV programme is one of the most-loved family entertainment shows on…
Rightmove
Breaking Property News – 09/08/24
Daily bite-sized proptech and property news in partnership with Proptech-X. So Rightmove v OpenRent is over & worryingly quickly too. Thought Leadership by Mal McCallion – CEO of Modelprop ‘The first inkling that all was not well in this long-standing – and mutually-supportive – relationship between hashtag#Rightmove and hashtag#OpenRent was spotted by Nigel Lewis of hashtag#TheNegotiator. His exclusive…
Andrew Stanton
UK house sales market a bit sunnier in July
RICS UK Residential Survey July 2024 New enquiries and sales remain steady in July More respondents anticipate market activity increasing in the months ahead House price indicators continue to fall in most regions Near-term sales expectations rise slightly to strongest result since January 2020 Gap between supply and demand in the rental market continues to…
EAN Breaking News
Rightmove’s weekly mortgage tracker 7th August 2024
The lowest available 5-year fixed rate mortgage has dropped below 4.0% for the first time since February. The lowest 60% Loan-To-Value, 5-year fixed-rate mortgage rate is now 3.95%. Headlines The average 5-year fixed mortgage rate is now 4.86%, down from 5.99% a year ago The average 2-year fixed mortgage rate is now 5.24%, down from 6.49% a year ago The average 85% LTV…
Rightmove
Halifax House Price Index for July
UK house prices rise in July House prices increased by +0.8% in July, following three relatively flat months Annual growth rate of +2.3% is the highest since January 2024 Typical property now costs £291,268 (compared to £289,042 in June) Northern Ireland continues to record the strongest annual house price growth in the UK Amanda…
EAN Breaking News
Breaking Property News – 07/08/24
Daily bite-sized proptech and property news in partnership with Proptech-X. UWB technology adds higher level of precision to HID’s RTLS offering HID, a worldwide leader in trusted identity solutions, today announced it has acquired Sewio Networks (Sewio), a leading provider of Ultra-Wideband (UWB) Real Time Location Systems (RTLS) platforms for asset management, intralogistics, and…
Andrew Stanton
Breaking Property News – 06/08/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Labour needs to get a housing plan that includes all Angela Rayner Deputy Prime Minister, and Secretary of State for Housing has some big ideas about housing. Promising 1,800,000 new homes over 5-years and providing more social housing. But before she goes about all…
Andrew Stanton
Breaking Property News – 05/08/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Fine & Country Announces Recruitment Open Evening This September, premium estate agency brand, Fine & Country, is holding a Recruitment Open Evening in their flagship office on Park Lane in Mayfair, London. The event will be held on Tuesday 17th September from 5pm and will…
Andrew Stanton
Breaking Property News – 02/08/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Startup Stairpay raises £750k to transform shared ownership Proptech automates the process of increasing buyer’s share of their property asset – and secures funding Stairpay, a platform that simplifies the customer journey of shared ownership to help more people achieve their dream of owning a…
Andrew Stanton
Bank of England Cuts Interest Rates – Thoughts from the Industry
The Bank of England (BoE) has today reduced the base interest rate to 5%, marking the first rate cut since March 2020. Here are thoughts from the property industry. Rightmove’s mortgage expert Matt Smith says: “Over the last couple of weeks, average fixed-rate mortgages have been slowly edging up in anticipation of today’s rise of…
EAN Breaking News
Nationwide House Price Index for July
House price growth edged up in July UK house prices rose 0.3% month on month in July Annual growth rate picked up to 2.1%, from 1.5% in June Marks fastest pace of growth since December 2022 Headlines Jul-24 Jun-24 Monthly Index* 526.6 524.9 Monthly Change* 0.3% 0.2% Annual Change 2.1% 1.5% Average Price (not seasonally…
EAN Breaking News