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Nationwide House Price Index for June 2025 – Thoughts from the Industry
Nationwide House Price Index for June 2025 shows House prices fell by -0.8% between May and June of this year. On an annual basis, the average house price increased by 2.1% although this rate of growth had slowed from 3.5% the previous month. As a result, the average UK house price now sits at £271,619….
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Clarity still needed on key areas in Renters’ Rights Bill
Ahead of Report Stage of the Renters’ Rights Bill in the House of Lords later today, 1 July 2025, Propertymark is urging the UK Government and Peers to amendment Bill, so it is fit for purpose. There remain long-standing concerns about the capacity and capability of the Courts, with the time from claim to hearing…
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Pet deposits only option following UK Government U-turn on Renters’ Rights Bill
Ahead of Report Stage of the Renters’ Rights Bill in the House of Lords which kicks off later today, Tuesday 1 July 2025, Propertymark is urging Peers to support an amendment that would allow for an additional pet deposit now that the UK Government has tabled amendments to remove pet insurance requirements. Since the introduction…
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Annual house price growth softens in June
Annual rate of house price growth slowed to 2.1% in June, from 3.5% in May Northern Ireland remained the top performing area, with annual house price growth of 9.7% East Anglia weakest performing region, with 1.1% year-on-year rise Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “UK house price growth slowed to 2.1%…
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UK First Time Buyers better off than many other global nations
Is it really that bad being a first-time buyer? UK better off than many other global nations when it comes to affordability The latest market analysis from Yopa, the full-service estate agents, reveals that first-time buyers (FTBs) in the UK may be paying 63% more to get a foot on the property ladder than they…
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Building Safety Regulator Reform
The Government has announced reforms to the Building Safety Regulator, including leadership, process and investment. The changes are hoped to deliver 1.5 million homes. The reforms pave the way for creation of a single construction safety regulator, as recommended by the Grenfell Tower enquiry. David Smith, property litigation partner at London law firm Spector Constant…
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New anti-money laundering rules now in effect: what landlords need to know
New anti-money laundering (AML) rules came into effect this month, marking a significant change for landlords and the lettings industry as a whole. The new rules mean financial sanctions checks are now required for all lettings, regardless of how much rent is charged. Here, Steve Bond, managing director of residential lettings for Beresfords, explains what…
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What landlords need to know about the upcoming Renters Rights Bill
The government’s long-awaited Renters Rights Bill is one of the most significant overhauls of the private rental sector in decades. While it has not yet received royal assent, the legislation is expected to come into effect late this year, or early in 2026. With the bill moving closer to becoming law, Steven Bond, managing director…
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Mortgage approvals bounce back in May
The latest figures show that: – Mortgage approvals on house purchases for May sat at 63,032 up 3.9% from 60,656 in April. The monthly increase seen in May marks the end of four months of previous decline, with approval levels having fallen each month since January of this year. Approvals are also 2.5% higher than…
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Money and Credit – May 2025
Key points: Net borrowing of mortgage debt by individuals increased by £2.8 billion to £2.1 billion in May, following a large decrease in net borrowing of £13.8 billion to -£0.8 billion in April. Net mortgage approvals for house purchases increased by 2,400 to 63,000 in May. Approvals for remortgaging also increased by 6,200 to 41,500…
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A Year on from Reform: Leasehold Practitioners Call for Clarity
A recent survey of ALEP members reveals widespread frustration over unfinished legislation and uncertainty A year after the Leasehold and Freehold Reform Act (‘LAFRA’) appeared on the Statute Books, a new survey of property professionals reveals that while reform remains welcome in principle, confusion and delay have left leaseholders, freeholders and their advisers in limbo….
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Countryside charm continues to drive downsizer demand
The latest research from over-50s property specialists, Regency Living, reveals that England’s countryside locations continue to attract strong demand for park home living and lead the way in quarterly growth during Q2 2025. Regency Living analysed current park home for-sale stock listed across every English county, identifying where demand has increased the most since Q1…
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South East tops table for shared living demand
The South East is home to the most competitive house share rental market in Great Britain. That is according to the House Share Demand Index for Q2 2025 from COHO, the HMO management platform, which found that one in five (19.9%) house share opportunities in the region were snapped up by tenants in the second…
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Surge in choice for home buyers drags house price growth down to 1.4 per cent
Zoopla cautions serious sellers to price realistically to secure a sale Sales activity continues to run at the fastest rate for four years, with more homes for sale meaning more buyers looking to secure a sale However, UK house price growth slows to 1.4 per cent as the number of homes for increases 14 per…
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UK monthly property transactions for May 2025
Headline statistics from the latest transactions data include: the provisional seasonally adjusted estimate of the number of UK residential transactions in May 2025 is 81,470, 12% lower than May 2024 and 25% higher than April 2025 the provisional non-seasonally adjusted estimate of the number of UK residential transactions in May 2025 is 80,530, 13% lower than May 2024 and…
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