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The Remediation of Dangerous Cladding report
The Public Accounts Committee has released its report; The Remediation of Dangerous Cladding identifying a range of barriers to successful remediation and presenting recommendations to the UK Government. The scale and impact of the cladding crisis that followed the Grenfell Tower disaster has proved much greater than anyone understood when this Committee first reported on…
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Housing affordability in England and Wales: 2024
In 2024, the median average home in England, at £290,000, cost 7.7 times the median average earnings of a full-time employee (£37,600); in Wales the average home (£201,000) was 5.9 times annual earnings (£34,300). Affordability in England and Wales in 2024 has returned to its pre-coronavirus (COVID-19) pandemic levels after a sharp increase between 2020…
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National Federation of Builders response to investment package of £600 million to train 60,000 construction apprentices
Chancellor Rachel Reeves has announced £600 million in investment to train up 60,000 construction apprentices. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “The Chancellor has followed up her push for planning reform with considerable new funding to train more construction apprentices, demonstrating her understanding that without business certainty and high-quality…
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Breaking Property News 24/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. A hidden threat landlords can’t ignore Across the UK, illegal cannabis farms are becoming an increasing concern for landlords and letting agents alike. What may seem like a typical tenant situation on the surface can quickly spiral into a nightmare of property damage, unpaid rent,…
Andrew Stanton
Inheritance Tax raises £7 billion in 10 months
Inheritance tax receipts hit £7 billion in the ten months from April 2024 to January 2025, according to figures released by HM Revenue and Customs (HMRC) this morning. This is £700 million higher than the same ten months last year and continues the upward trajectory over the last two decades. HMRC raised £7.499 billion in…
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Decline in small house builders continues, warns FMB
New figures for planning applications in 2024, published by the Government today show worrying signs that, despite the push to boost house building rates, permissions granted to small sites of 9 units or fewer are down, demonstrating the smallest house builders are struggling to get homes delivered, warns the FMB. Brian Berry, Chief Executive of the…
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Bank of England decision to maintain interest rates at 4.5% – Thoughts from the Industry
With the Bank of England decision to maintain interest rates at 4.5% here are some thoughts from the Industry Matt Smith, Rightmove’s mortgage expert: “Now that this expected interest rate hold is out of the way, all eyes are on May’s decision where the current forecast is a second cut of the year. Since the…
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Breaking Property News 20/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Gareth Samples CEO of The Property Franchise Group gives analysis on interest rates No change in the Bank of England base rate in March The Bank of England held interest rates at 4.5%. The nine-person Monetary Policy Committee, which sets the rate, voted 8-1…
Andrew Stanton
Rightmove – Cheapest mortgage rate is now a 2-year fixed
The lowest available mortgage rate is now a 2-year fixed rate, for those with a 40% deposit. Commenting more widely on mortgage trends, Matt Smith, Rightmove’s mortgage expert says: “Average mortgage rates at the top-end of the market have fallen more quickly than for those with the smallest deposits over the past year. Someone with a…
Rightmove
Halifax House Price Index March 2025
Bigger homes driving house price growth as flats lag behind • UK property prices rose by +3.7% (£10,431) over the last year • Flats saw slowest growth in price (+3.2%) as easing interest rates allowed buyers to target larger properties • Detached properties have increased in value by more than £100,000 over the last five…
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Breaking Property News 19/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Innovative solutions to decarbonise affordable housing confirmed as theme for ULI PropTech Innovation Challenge 2025 PRESS RELEASE – London (19 March 2025) – The Urban Land Institute (ULI) Europe is calling for innovators from across the built environment and technology to submit ground breaking…
Andrew Stanton
First-time buyer mortgage sales at lowest level since 2013
Fewer first-time buyers in England’s most urban areas While the rate of first-time buyer mortgage sales has been falling in London, they have risen in more rural areas. On average, rural areas in England and Wales saw rates of first-time buyer mortgages rise by 9.7% between 2013 and 2023, while urban areas saw a 3.7%…
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First-time buyer mortgage sales fell across London in decade to 2023
First-time mortgage buyers bought homes further from the capital compared to 10 years earlier, ONS analysis of Financial Conduct Authority data show. Several London boroughs saw some of the largest falls in the rate of first-time buyer mortgage sales in the UK between 2013 and 2023. This is according to ONS analysis of data from…
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How to Apply for Waopelzumoz088: A Step-by-Step Guide
Applying for what is Waopelzumoz088 might seem overwhelming at first, but don’t worry! This guide will break everything down into simple, easy-to-follow steps so you can complete the process smoothly and without stress. Whether you’re new to it or just need some extra help, we’ve got you covered. What is Waopelzumoz088? Before jumping into the…
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Breaking Property News 18/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Building a start-up is a 24/7 mindset, but for 90 minutes a week, my focus is elsewhere. Owen Redman co-founder of Roome – is looking to save Universities over £9M annually by connecting the dots in a fragmented student accommodation market. Putting these institutions back in…
Andrew Stanton