Breaking News
Homeward Bound
Homeward bound: 74 per cent house price growth over twenty years and affordability barriers price Brits out of their childhood hometowns House prices across the UK have increased by an average of 74 per cent, over the last 20 years, from £113,900 to £268,200 52 per cent of Brits have said they would consider a…
EAN Breaking News
Growth in mortgage and rental spending slows for third consecutive month in May
Consumer spending on rent and mortgages grew 4.6 per cent year-on-year in May, slower than the 5.2 per cent recorded in April Spending on utilities rose 4.4 per cent, likely as a result of April’s energy price cap changes Seven in 10 of those remortgaging in 2025 anticipate higher costs, estimating repayments will rise by…
EAN Breaking News
£39bn boost for affordable homes programme
Following today’s Spending Review where affordable housing has been allocated £39bn over the next 10 years, here are some thoughts from the Industry. Alex Slater, Rightmove’s housebuilding expert: “Today’s news is a really positive boost for the housebuilding industry and a step in the right direction. There aren’t enough affordable homes, so we welcome any…
EAN Breaking News
Comment on Today’s Spending Review
Andy Jones, Group Director of Corporate Sales, Lettings & BTR at LRG: While the considerably increased funding for affordable housing is welcomed and will help provide a boost to new homes and affordable housing development, from a property investment perspective I feel that the Chancellor has missed an opportunity to tackle the development viability crisis…
EAN Breaking News
Small builders must be at the heart of the housing solution
The Chancellor’s decision to spend £39bn to boost social housing projects is a welcome move to help tackle the housing crisis, but the delivery of these homes needs to be open to small local housebuilders who are often shut out of the procurement process, says the Federation of Master Builders (FMB). Brian Berry, Chief Executive…
EAN Breaking News
For HMO landlords, bigger is better when it comes to yields
As Bradford emerges as the HMO yield capital of England, new insight from COHO, the HMO management platform, reveals that larger HMOs generate stronger yields than smaller ones despite requiring higher up-front investment costs. But should landlords be looking for even stronger returns by focussing their attention on the next generation of housemates? COHO has…
EAN Breaking News
Chancellor intervenes to solve housing crisis
The Chancellor is expected to announce the biggest boost to social and affordable housing investment in a generation, allocating £39 billion over the next decade as part of a new Affordable Housing Programme. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “Rachel Reeves is backing up her planning reforms with the…
EAN Breaking News
Local agents to front national Rightmove campaign
Rightmove has unveiled six exceptional agents recognised for going above and beyond for home-movers, chosen by a panel of judges to front Rightmove’s new ‘Game Changers’ marketing campaign. The campaign brings to life real examples of the valuable role agents across the UK play in keeping the nation moving. ‘The Game Changers’ campaign launches today,…
Rightmove
The rental boom is over: rental growth cools to four-year low however supply shortages squeeze low-income renters
Average rents for new lets are 2.8 per cent higher over the last year, down from 6.4 per cent a year ago – the lowest rate of rental inflation since July 2021 Supply of homes for rent is 17 per cent higher but still below average resulting in continued strong competition amongst renters on lower…
EAN Breaking News
Mortgage Lenders and Administrators Statistics – 2025 Q1
Key findings The outstanding value of all residential mortgage loans increased by 1.2% from the previous quarter to £1,698.5 billion, and was 2.6% higher than a year earlier The value of gross mortgage advances increased by 12.8% from the previous quarter to £77.6 billion, the highest new advances since 2022 Q4, and was 50.4% higher…
EAN Breaking News
UK Finance later life mortgage lending update Q1 2025
Today, UK Finance has published its later life mortgage lending update for Q1 2025. The report provides a quarterly insight into mortgages taken out by borrowers over the age of 55, the trends in lending, and demographics of those accessing the market. These trends cover mainstream lending to older borrowers, as well as specialist products…
EAN Breaking News
Planning authority bias towards large housebuilders
New insight from Searchland and City Sanctuary reveals that large residential developments of 50+ units are far more likely to gain planning approval than smaller schemes, marking a blow for SME developers in what is now being called a ‘wakeup call for policymakers’ and clear evidence of ‘structural bias’. Using Searchland’s internal planning data records*,…
EAN Breaking News
AI planning tools will help solve the housing crisis
The Prime Minister, Kier Starmer has announced the launch of ‘Extract’, an AI assistant developed by the Government, alongside Google, designed for planning officers and local councils. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “Local Planning Authorities (LPAs) have been developing digital planning tools themselves, resulting in a sprawling mass…
EAN Breaking News
Breaking Property News 10/06/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Eco Approach acquires AI retrofit tech leader Propflo to accelerate energy efficiency in UK properties Eco Approach, a national leader in energy performance certification and domestic retrofit, has announced the acquisition of Propflo, an award-winning AI startup helping property and finance professionals understand their…
Andrew Stanton
Breaking Property News 9/06/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Renowned estate agency scales up in Scotland Premium estate agency, Fine & Country, has expanded to cover the whole of Scotland as it builds on success achieved in the south of the country. Property entrepreneurs Louisa Thomson and Andrew Jack will spearhead the ambitious…
Andrew Stanton