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Breaking Property News 27/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. What does a Property Developer in the UK actually do? A complete guide to the role, responsibilities, and realities of development in 2025 In the ever-evolving landscape of the UK’s property market, property developers play a central role in shaping where and how we…
Andrew Stanton
Industry Response to the Spring Statement
Following on from the Spring Statement, here are some thoughts from the Industry. Rightmove’s property expert Colleen Babcock: “It’s extremely disappointing that the government have not used the Spring Statement as an opportunity to extend the impending Stamp Duty deadline for those currently going through the home-moving process. We estimate over 70,000 buyers are going…
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Leaders Response to the Spring Statement
Michael Cook, Chief Executive Officer of Leaders Romans Group Given the challenge of making £15 billion worth of cuts to public spending, today’s Spring Statement was never going deliver everything on the property industry’s wishlist. That said, two significant pieces of good news stand out amongst some otherwise depressing statistics. And this goes to show…
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Spring Statement ‘Sweetener’ or Legal Headache? Lawyer Weighs In
Daniel McAfee, Head of Legal Operations at Lawhive and a UK lawyer, exploring the legal implications of the affordable housing investments. UK lawyer says “While this initiative will provide housing stability for thousands of families, many more will continue facing uncertainty. “This ongoing pressure frequently leads to interconnected legal needs, from family law matters exacerbated…
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ONS house price index – Thoughts from the Industry
On Sales: Jean Jameson, Chief Sales Officer at Foxtons: “February built on January’s strong momentum, with sales outperforming last year and market confidence holding steady. First-time buyer demand remained resilient, despite the fact that anyone buying now is unlikely to complete in time to benefit from the stamp duty relief—suggesting the incentive may not be…
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Private rent and house prices, UK: March 2025
Average UK monthly private rents increased by 8.1%, to £1,326, in the 12 months to February 2025 (provisional estimate); this annual growth rate is down from 8.7% in the 12 months to January 2025. Average rents increased to £1,381 (8.3%) in England, £785 (8.5%) in Wales, and £998 (5.8%) in Scotland, in the 12 months…
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London rental market remains stable in early 2025
Foxtons Lettings Market Index – February 2025 London rental market remains stable in early 2025 as demand and supply hold steady, Foxtons data shows The average rent now stands at £557 per week, slightly higher than in 2024 Applicant demand has remained within 3% of February 2024 levels Supply levels remain strong, with new listings…
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Industry Response to Latest Inflation Figures
With Inflation falling by 2.8%, here are some thoughts from the Industry. Nathan Emerson, CEO at Propertymark: “This news will provide relief to many homeowners considering both the domestic and international pressures that the UK economy is currently facing and shows that the Bank of England’s cautious path last week to keep interest rates at…
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Breaking Property News 26/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Designing with Light: What Architects need to know about Daylight & Sunlight Assessments In the world of architectural design, especially in densely built areas, few elements are as fundamental—or as scrutinised—as natural light. From enhancing wellbeing to influencing planning outcomes, daylight and sunlight play…
Andrew Stanton
UK house price growth slows to 1.8 per cent as spring surge in homes for sale reinforces buyers market
Homes for sale are up 11 per cent year-on-year, with further increases expected as nearly 30 per cent of listings typically launch between March and May Sales agreed have risen five per cent year-on-year, with buyer demand still rising, up 10 per cent, despite static mortgage rates and higher stamp duty from April Price growth…
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£2 billion new investment to support biggest boost in social and affordable housebuilding in a generation.
The government has announced a £20 million investment to support the delivery of community-led housing. An extra £2 billion injection of new grant funding to build up to 18,000 new social and affordable homes has also been confirmed today, helping to deliver the biggest boost to social and affordable housing in a generation while making…
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Building Safety Levy is an Anti-Growth Policy
The Government has released its response to the Building Safety Levy (BSL) consultation, confirming the taxation levels it seeks to impose across the development industry. Richard Beresford, Chief Executive of the National Federation of Builders, said: “The Building Safety Levy is anti-growth, anti-SME policy, which will weaken the housebuilding industry and put the Government’s 1.5…
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Breaking Property News 25/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. A better way for Letting’s agents to know just who they are dealing with As a letting agent, tenant qualification is one of the most critical aspects of property management. However, it is also one of the most challenging. From verifying tenant financials to…
Andrew Stanton
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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