Breaking News
Housing market gets off to its strongest start in three years, with new sales agreed up 12 per cent on 2024
The 2025 sales market has got off to a stronger start than in 2024 or 2023 with buyer demand up 13 per cent and 10 per cent more homes for sale Rising sales are supporting UK house price inflation which is +2.0 per cent in the year to December 2024, compared to -0.9 per cent…
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Breaking Property News 30/01/25
Daily bite-sized proptech and property news in partnership with Proptech-X. SCA Tax advisory teaches Andrew Stanton a lot about SDLT and how many are overpaying it I have been in the property sector for 40 years, and as an analyst, journalist editor and for over 30 years an estate agent, I pride myself on…
Andrew Stanton
Bank of England Money and Credit – December 2024
These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals rose by £1.0 billion, to £3.6 billion in December. Net…
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Westminster council must outline how their proposals on property boards will not hinder market
Westminster City Council must explain how their proposals to renew the existing Regulation 7 Direction and expand it to the whole borough will not hinder the sales and lettings markets, Propertymark argues. At present, some areas of Westminster are subject to a Regulation 7 Direction, which means consent from the Council is needed to display…
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National Federation of Builders View on Chancellor’s Speech
At the Autumn Budget 2024, Chancellor Reeves scaled back her interference in the planning process. However, in her speech today, she returned to the position that a well-functioning planning system is crucial to not only enabling growth but, more importantly, sustaining it. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), commented: “The…
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Property expert issues warning ahead of stamp duty changes – this is how YOU could avoid paying more
New stamp duty rules are set to come in from April which could catch out many homebuyers and leave them paying thousands more than planned. Currently, first-time buyers do not pay any stamp duty on homes costing up to £425,000, while the threshold for other buyers is £250,000. But from 1 April 2025, the threshold…
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Breaking Property News 28/01/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Will the Renters’ Rights Bill unravel the Private Rented Sector Siȃn Hemming Metcalfe, Operations Director at Inventory Base & Property Inspect UK, a person I hugely admire who has a panoramic and insightful view of the rental sector, recently wrote this powerful article outlining that we are…
Andrew Stanton
Rightmove Rental Tracker 28/01/25
First drop in rents since pre-pandemic, as supply continues to improve The average advertised rent of properties coming to market outside of London has fallen this quarter for the first-time since pre-pandemic 2019, dropping by 0.2% to £1,341 per calendar month: Rents are still 4.7% higher than this time last year, but this is…
Rightmove
10 Things that can Devalue your Property:
Via misguidance, neglect or maybe even outside of your control, there are many situations which can cause a devaluation of your property. Usually a consideration when it is time to sell, the monetary value of our homes are of importance. As a home / property is usually going to be the biggest spend we ever…
Christopher Walkey
Breaking Property News 27/01/25
Daily bite-sized proptech and property news in partnership with Proptech-X. The best businesses are born when founders set out to solve a problem they faced themselves – Owen Redman In the past eight years I have talked to over 1,300 founders and critiqued over 600 decks, and Roome who we fully endorse have that…
Andrew Stanton
Booming UK property market demand from Trump’s US
Commenting on how the UK property market is now experiencing a boom in demand from Trump’s US as well as the East, Daniel Austin, CEO and co-founder at ASK Partners, said: “The UK property market is experiencing a surge in demand from US buyers, driven by Donald Trump’s return to the White House, a stronger dollar,…
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Rightmove’s weekly mortgage tracker 24/01/25
Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 5.02% +0.02% +0.05% 5-year fixed 4.80% +0.03% +0.13% Term Lowest rate Weekly change Yearly change 2-year fixed 4.22% +0.00% +0.14% 5-year fixed 4.07% +0.00% +0.19% Average fixed-term mortgage rates for home-buyers with 5-10% deposits Loan to Value (LTV)…
Rightmove
Nationwide Housing Affordability Report
Affordability stretched, but gradually improving Modest improvement over past year, but affordability remains stretched by historic standards Considerable variation in affordability across occupational groups Affordability most stretched in London and South of England, with North of England & Scotland the most affordable Commenting on the figures, Andrew Harvey, Senior Economist, said: “There has been a…
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Zoopla: Over a quarter of parents ‘lie or break rules’ to get children into their preferred school
Admission Impossible: Over a quarter of parents admit to ‘lying or bending’ rules to get their children into preferred schools Over a quarter (27 per cent) of UK parents admit to flouting the rules to get their children into schools, rising to 38 per cent in London The number who admit lying is on the…
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Government planning reforms to protect nature
News that the Government has warned that the planning system must protect nature, as it unveils reforms Partner Alison Ogley, Freeths commented: “This is a potential game changer addressing the current inertia in the system, providing a solution that is more effective than individual developers trying to address environmental improvements on a project by project…
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