Breaking News
Renters and Landlords Face Uncertainty Amid Silence From Parties on Housing Benefits Crisis
Millions of people living and working in the private rented sector face chronic uncertainty due to a failure by the main political parties to provide clarity on housing benefit rates. Over 1.5 million households renting privately in Britain receive Universal Credit with support for their housing costs, known as the Local Housing Allowance (LHA), included….
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UK house prices currently 8% over-valued but on track to be 1.5% higher by the end of 2024
House price inflation is flat at 0% in May 2024 but UK house prices are on track to be 1.5% (£3,900) higher by the end of 2024 UK house prices are currently 8% ‘over-valued’ but will be ‘fairly valued’ by the end of the year due to rising incomes House prices rising across all areas…
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Breaking Property News – 27/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Simon Whale joins Made Snappy 360’s Board of Directors Press Release London 27/06/2024 Made Snappy 360 announces the appointment of Simon Whale to its Board of Directors. Simon brings a wealth of industry expertise and leadership to the position, enhancing the company’s strategic vision and operational capabilities, particularly…
Andrew Stanton
Rightmove’s weekly mortgage tracker + reaction to rate cuts
Matt Smith, Rightmove’s mortgage expert said: “Mortgage rates this week have slightly reduced compared to last week, as lenders are starting to respond to recent positive news about the UK economy and the prospect of the first base rate reduction later in the summer. As we’ve seen some high-profile rate cuts from high street lenders this…
Rightmove
Breaking Property News – 26/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Roome founders fix University lettings problem Having met 1,000 proptech founders, critiqued over 400 decks, worked with 120 founders as clients and written six million words on the digital transformation of real estate, it takes a lot to get me excited as I have…
Andrew Stanton
Breaking Property News – 25/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Analysis shows 25% of voters think Governments fudge housing question Press Release London June 2024 Joint research by leading property website Zoopla and Ipsos has revealed that just a quarter of voters agree with the statement that ‘the political parties pay a lot of…
Andrew Stanton
Breaking Property News – 24/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Inventory Reporting Software on the Cheap Cheap! Increasingly the wisdom of the expert human seems to be outgunned by our artificial friends who seem to know instantly the answer to all of our questions. With Bard (Google Deep Mind), GPT-4 & Codex (OpenAI), Claude…
Andrew Stanton
Average first-time buyer mortgage payment up 61% since last election
Rightmove’s latest first-time buyer study highlights that the average first-time buyer mortgage payment has risen by 61% since the last election year of 2019, from £667 to £1,075 per month as rates remain elevated The average first-time buyer mortgage payment has significantly outpaced wage growth, which is up by 27% over the same five-year period…
Rightmove
Third of Private Renters Are Struggling to Afford Their Rents Says New Research
Over a third of all private renters are finding it difficult to afford their rent according to new research out today. Whilst overall 35 per cent of renters said they were finding it difficult or very difficult to afford their rent, this proportion increased to 56 per cent for those not in work due to…
EAN Breaking News
Bank of England’s decision to hold the Base Rate – Industry Reaction
The Bank of England held interest rates at 5.25% for the seventh time in a row. The decision comes despite official figures yesterday which revealed inflation had fallen to the Bank’s target of 2% for the first time in nearly three years. Here are some thoughts from the property industry. Rightmove’s mortgage expert Matt…
EAN Breaking News
Breaking Property News – 20/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. OpenBrix, Home, & TDS unite to digitally upgrade the tenant user experience Full disclosure Adam Pigott and the team at Openbrix are one of my original and long serving clients in my day job of getting proptechs from MVP to exit (Proptech-PR). But as…
Andrew Stanton
Rental Reform Undermined by Lack of Choice for Tenants
A lack of choice for private renters about where they can live will undermine plans set out by many of the UK’s major political parties to reform the rental market. That’s the warning from the National Residential Landlords Association (NRLA) as the Conservatives, Labour, Liberal Democrats and Green Party all propose ending section 21 ‘no…
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Breaking Property News – 18/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. HappyCo debuts open API marketplace automating multifamily operations Press Release – San Diego, CA – June 2024 — HappyCo a leading provider of multifamily operations software solutions and services, announces the debut of its open API marketplace – HappyCo Plugins – to transform fragmented point solutions into…
Andrew Stanton
Rightmove reaction to inflation data & latest mortgage rates
Matt Smith, Rightmove’s mortgage expert said: “Hopefully today’s inflation drop is the first step on the journey towards lower mortgage rates in the second half of the year. Market expectations are still that the first Bank of England rate cut is more likely to be later in the summer rather than tomorrow, but at least today’s…
Rightmove
Reform announces a ‘Contract’ with the voter – Comments from NFB
Reform leader, Nigel Farage has announced ‘Our Contract With You,’ the Reform parties draft document is seeking comments for finalisation later in the year. Mirroring business strategy, the contact seeks to ‘run the nation ‘like a lean, efficient business with motivated employees and happy customers.’ Richard Beresford, Chief Executive of the NFB, said: “Reform have…
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