Breaking News
Breaking Property News 21/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Helping clients raise capital at speed Press Release New York – Agora, a leading real estate investment management platform with offices in New York City and Tel Aviv, is announcing the launch of its Smart Questionnaire. This tool is designed to help real estate LPs complete…
Andrew Stanton
ONS House Price Index – November 2024
Headlines Average UK private rents increased by 8.7% in the 12 months to October 2024 (provisional estimate); this is up from 8.4% in the 12 months to September 2024. Average rents increased to £1,348 (8.8%) in England, £766 (7.9%) in Wales, and £976 (6.6%) in Scotland, in the 12 months to October 2024. In Northern…
EAN Breaking News
Foxtons Lettings Market Index October 2024
Headlines October saw the highest level of new stock entering the market, with an 8% increase from last year, the highest increase in four years October’s demand is marginally lower than last October and decreased 32% from September, as expected during this time of year Following a yearly high of £593 per week this September,…
EAN Breaking News
Breaking Property News 20/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Proptech powered lettings service for BTR developers needing pre-approved, quality tenants at speed gets funding A proptech-driven letting agent has secured close to £500,000 during its first equity investment raise. Property Sense, headquartered in Stockport but operating nationally, secured the half a million pounds in…
Andrew Stanton
Farmers protest outside Westminster today in anger at the IHT ongoing debate – expert legal view
With today’s news about farmers set to protest outside Westminster in anger at the IHT ongoing debate, Tom Gauterin, Director at national law firm Freeths, said: “Although it is good to hear Mr Reed last week suggest that the Government is listening to farmers, today’s protests would suggest otherwise with the extent of their concerns…
EAN Breaking News
Breaking Property News 19/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. A new and better way to invest and trade property assets which until now have been an illiquid marketplace The real estate market is evolving, and one of the most significant transformations is the rise of fractional real estate. This innovative investment model is reshaping…
Andrew Stanton
Breaking Property News 18/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Streamlined digital ID and source of funds checks means conveyancers can focus on conveyancing. Client due diligence platform Thirdfort has partnered with UK-based legal technology startup ProConvey. Launched this week, the partnership integrates client onboarding and due diligence into a single workflow, making the onboarding…
Andrew Stanton
Bank Rate cuts boost optimism for 2025 despite Budget pause
Average new seller asking prices drop by 1.4% (-£5,366) this month to £366,592, a bigger fall than the usual, seasonal 0.8% drop seen at this time of year, likely due to pre- and post-Budget jitters However, despite the dampening effect of the Budget, market activity remains stronger than last year as Bank Rate falls: The…
Rightmove
How to market to Estate Agents UK
The UK’s property sales and letting industry is quite sizable in both volume of work and those employed within. Some 25 million dwellings in England alone exist and there were estimated to be approximately 55,500 estate agents working in the United Kingdom as of the second quarter of 2024. Up and down the country, in…
EAN Content
Breaking Property News 15/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Digital transformation of real estate drives profitability Press Release – London 14th November 2024 – Following the October budget, estate agents across the UK are seeking new ways to adapt to an evolving property market. Rising costs and shifting buyer expectations have driven a need…
Andrew Stanton
Zoopla reveals most affordable towns in Britain
With the average home valued at nearly four times average household incomes, Zoopla reveals the most affordable towns in Britain An average property in Britain is valued at 3.8 times the average annual household income (assuming 2 full-time workers) Cumnock in Scotland, is Britain’s most affordable town to buy in 2024 with average property…
EAN Content
Rightmove’s weekly mortgage tracker 13/11/24
The current average asking price of a typical first-time buyer property is £227,570. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,087 per month if repaying over 25 years, compared with £1,187 per month a year ago (when the average first-time buyer property asking price was…
Rightmove
Renters seek fixer-uppers, with over £40,000 cheaper price tag
A consumer survey from Rightmove of over 34,000 home-movers has revealed that 68% of renters are eager to take on fixer-uppers to help get on the housing ladder, compared to 54% of home-owners A study of available fixer-upper properties on Rightmove reveals that homes in need of renovation are 12%, or £44,634 cheaper than the…
Rightmove
Breaking Property News 11/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Navigating new legislation in the Lettings sector Paul Starkey, technology and property industry veteran and also advisor for Symple, gives his take on how to better monetise lettings operations. ‘During a housing crisis, the last thing the UK needs is a subsequent catastrophe in…
Andrew Stanton
Areas in England with the best value for house prices and education, according to new research
Kingston upon Hull has the highest combined score of 75.30 out of 100 for bothhouse prices with adequate value and ‘outstanding’ schools Three Rivers is in second place with a score of 73.73, while Preston takes third place with a score of 72.66 The study created scores by determining areas with relatively low house prices…
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