Breaking News
Mortgage approvals climb for third month in a row
Mortgage approvals on house purchases for July sat at 65,352 up (+1.2%) from 64,571 in June. This signals three consecutive months of growth. Approvals are also up (+4.6%) when compared to the 62,489 seen in July 2024. This growth is positive, and there is optimism for continued growth in the coming months, especially if further…
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Bank of England Money and Credit – July 2025
Key points: Net borrowing of mortgage debt by individuals decreased by £0.9 billion to £4.5 billion in July, compared to a £3.2 billion increase to £5.4 billion of net borrowing in June. Net mortgage approvals for house purchases increased by 800 in July, to 65,400. Approvals for remortgaging decreased by 2700 in July, to 38,900….
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Prime London buyers could see discounts of upto £500k
Prime London buyers could save half a million pounds in Reeves tax overhaul, with seller tax taking 15 years to equal current upfront costs. The latest research from Jefferies London shows that whilst the average London buyer stands to save £16,250 on Stamp Duty Land Tax (SDLT) should it be removed, those purchasing at the very…
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Annual house price growth softens in August
Annual house price growth softened to 2.1% in August House prices were down 0.1% month on month Over half of properties in the owner occupier sector are classified as ‘underoccupied’ Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “August saw a slight softening in the rate of annual house price growth to 2.1%,…
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Latest HMRC UK property transactions report
Headline statistics Headline statistics from the latest transactions data include: the provisional seasonally adjusted estimate of the number of UK residential transactions in July 2025 is 95,580, 4% higher than July 2024 and 1% higher than June 2025 the provisional non-seasonally adjusted estimate of the number of UK residential transactions in July 2025 is 101,070,…
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Industry reacts as Landlords to be hit with N.I tax
The Government is considering a major change to the way landlords are taxed, with Chancellor Rachel Reeves weighing up plans to apply National Insurance (NI) contributions to rental income as part of her upcoming Autumn Budget. Currently, rental income is subject to income tax but not NI. However, by expanding NI to cover this additional…
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UK reports rising property market momentum
eXp UK reports rising property market momentum as sellers return and more sales are agreed The latest internal data from eXp UK has revealed that housing market momentum is continuing to build, with more homes coming to market and a greater number of sales being agreed. eXp UK analysis is based on the firm’s own…
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Homes priced too high take twice as long to sell warns Zoopla
House price growth stabilises over summer months House price growth has slowed over recent months, although this slowdown looks to have stabilised with average house prices 1.3 per cent higher than a year ago Sales agreed are up five per cent on last year, although speculation on possible tax changes may impact homes valued at…
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Breaking Property News 27/08/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Symple helps speed mandatory Electrical Installation Condition Reports for 5.9M tenancies As of August 2025 there are over 5,986,000 privately rented properties in the UK and a large number of these will in the very near future need a ‘new’ mandatory electrical installation condition…
Andrew Stanton
Bristol crowned best area for downsizers
The latest research from over-50s property specialists, Regency Living, has revealed where in England downsizers have the greatest choice of suitable homes to move to and where they face the toughest search based on the availability of suitable stock in the current market. Regency Living analysed current property market listings, looking at the proportion of…
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Kensington tops list of prime London oversupply, but gardens still drive buyer demand
The latest research from Jefferies London has found that Kensington is currently the most oversupplied area of the prime London property market, giving buyers the best chance of negotiating a deal, with more than 2,200 homes listed for sale, accounting for 20% of all prime central stock. Jefferies London analysed current market listings across each…
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Student rental chaos looms as Govt axes fixed-term contracts, agents warn
More than one in three letting agents fear academic lettings cycle will collapse Landlords already pulling out of student market amid Renters’ Rights Bill concerns Alto calls for urgent rethink – as fears mount over voids, admin, and rising rents Letting agents are warning of an approaching crisis in the student rental market just weeks…
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Rightmove asks government to carefully consider property tax changes
The UK’s largest property platform Rightmove is asking the government to carefully consider the impact of any changes to property taxation to avoid unintended consequences which would risk stalling parts of the market. Key data National property tax Just under a third (30%) of homes for sale in England are priced at over £500,000, and…
Rightmove
Breaking Property News 21/08/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Providing comprehensive, predictive operational intelligence across all aspects of building operations JLL (NYSE: JLL) this week introduced artificial intelligence (AI) capabilities that are now available as an add-on to Prism, its award-winning building operations platform. As part of JLL’s property management technology ecosystem powered by…
Andrew Stanton
UK House Price Index summary: June 2025
The average monthly rate of house price growth in June was 1.4%. The average annual rate of house price growth in June was 3.7%, up from 2.7% in May. As a result, the average UK house price remains at £269,000. CEO of Yopa, Verona Frankish, commented: “June’s figures reflect a market that is steadily…
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