Breaking News
Average first-time buyer mortgage payment nearly £100 less than last year
Ahead of the Bank of England’s interest rate decision at 12:00pm on Thursday, Rightmove’s analysis shows that the typical first-time buyer monthly mortgage payment is nearly £100 less than at this time last year The average first-time buyer mortgage payment is currently £909 per month, versus £1,002 per month last year The average two-year fixed…
Rightmove
Five-year slump in construction activity is a wakeup call
The steepest fall in construction activity since May 2020 is a serious a wakeup call that government announcements on construction have yet to be delivered, says the Federation of Master Builders (FMB) in response to July’s S&P Global UK Construction PMI data Brian Berry, Chief Executive of the FMB commented: “The sharp downturn in construction…
EAN Breaking News
1 in 5 Brits Surveyed Have No Savings
Renters Saving For Deposit Falls to 6 Month Low Barclays Property Insights has revealed that renters are losing confidence about being able to buy a home, with the number of renters actively saving for a deposit falling to 17% from 31% at the start of the year. takepayments – the leading digital payment solutions provider…
EAN Breaking News
Property market summer slowdown debunked
The latest data analysis from Yopa has revealed that the commonly held belief that the property market slows down during the summer months is nothing but a myth, with the market actually seeing some of the highest levels of activity throughout the summer season over the last four years. Yopa analysed* historic market data for…
EAN Breaking News
Number of renters saving for a deposit hits six month low
Rent and mortgage spending sees highest growth since February, with renters disproportionately impacted More than half of UK adults believe renting a property is more expensive than paying a mortgage 17 per cent of renters report saving for a deposit in July, compared to 31 per cent in January Consumer spending on rent and mortgages…
EAN Breaking News
80% of first-time buyers moved back in with parents to get on the ladder
96 percent of first-time buyers received financial help for their deposit – with 68% receiving help from family, and 57% from friends, survey finds Three quarters (75%) scaled back on their property to buy in a preferred location TSB customer data: Average age of first-time buyers up to 32 years from 31 The length of…
EAN Breaking News
Cottagecore dreams on a budget: Zoopla reveals where to find your idyllic and affordable country retreat
New analysis from Zoopla reveals North Lanarkshire, Scotland, is the most affordable place to buy a cottage in Great Britain, with an average asking price of £83,500 Sunderland in the North East follows closely behind, with an average cottage price of £115,000 The South East commands the highest prices, with the most expensive cottages found…
EAN Breaking News
Construction Sector Recovery Slows Pace, Yet Remains Steady
Construction starts grew 9% both in the three months to July and compared with last year. Residential work starting on-site was 10% up against the previous three months and grew 25% on a year ago. Although non-residential starts grew 7% on a quarterly basis, they slipped back 1% year-on-year. Civil engineering project starts fell 21%…
EAN Breaking News
Small Landlords Quitting in Droves as Rental Reforms Loom
One in three letting agents report small landlord exodus – and blame the Renters’ Rights Bill 34% of agents report more small landlords quitting the market 93% fear losing independent landlords due to upcoming reforms 70% say at least some landlords have already sold up Britain’s backbone landlords are quitting in droves and the Government’s…
EAN Breaking News
Housing Insight Report – June 2025
The Housing Insight Report takes a monthly look at the trends affecting the UK housing market. Propertymark gathers the statistics by surveying estate and letting agents who are members of NAEA Propertymark and ARLA Propertymark. Here are the findings for June: While mortgage lending shows resilience, affordability remains the foremost barrier for buyers and renters…
EAN Breaking News
Landlord Ombudsman & Private Rented Sector (PRS) Portal – What Landlords Need to Know
By Allison Thompson, National Lettings Managing Director, Leaders The Renters’ Rights Bill continues its progress through Parliament and, once passed, will bring one of the biggest shake-ups the private rented sector has seen in years. Among its key reforms are the introduction of a national Private Rented Sector (PRS) Database and a new Landlord Ombudsman…
EAN Breaking News
Breaking Property News 05/08/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Scottish Experience demonstrates that ‘Robust tenant protections need not harm rental markets or agency businesses’ A new report published this week by SME Professional one of the UK’s top property software companies is set to reassure letting agents in advance of the Renters’ Rights Bill which…
Andrew Stanton
Room rental waiting times revealed
Brighton to Birmingham: How Long Are You Waiting for a Room in Your City? New market analysis from COHO, the HMO management platform, reveals that shared living tenants are having to secure rooms months in advance, with as few as 11% of live listings being available for immediate occupancy in some cities. How long are…
EAN Breaking News
Homebuyers struggle to beat heatwave
Homebuyers struggle to beat heatwave as air conditioned homes account for just 1.2% of all property listings As we continue to endure a scorcher of a summer, the latest research by leading London lettings and estate agent, Benham and Reeves, has shown that homebuyers with hopes of purchasing an air conditioned property face a tough…
EAN Breaking News
Global prime market hotspots revealed, with Monaco, Geneva and Singapore topping the table
The latest research by Jefferies London has revealed that Monaco, Geneva and Singapore are currently the most active markets when it comes to super prime homeseller activity, whilst London sits seventh in the list of 17 global hotspots analysed by the firm. Jefferies London analysed current market listings across 17 global prime property hotspots, looking…
EAN Breaking News