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Breaking Property News 16/12/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Fine & Country Richmond toasts half a decade of selling some of the most exclusive homes in Surrey Fine & Country Richmond is thrilled to mark its fifth anniversary, a significant milestone that reflects the agency’s rapid growth and commitment to excellence in the…
Andrew Stanton
Tenancy Preferences Shift Amid Economic Uncertainty: Stability Gains Appeal
In the face of ongoing economic challenges, both tenants and landlords are reassessing their approaches to rental agreements. The latest Lettings Report from Leaders Romans Group (LRG) indicates a growing preference for longer-term tenancies, as both parties seek greater security in an unpredictable market. The report reveals that 44% of tenants and an equal percentage…
EAN Breaking News
Landlord Licensing Plan a Costly Waste of Time and Money
Responding to government plans to make it easier for councils to introduce landlord licensing schemes, Chris Norris, Policy Director for the National Residential Landlords Association, said: “It makes no sense that whilst planning to create a national database of private landlords, the Government now wants to make it easier for councils to license landlords as…
EAN Breaking News
Nationwide House Price Review and Outlook for 2025
Housing market resilient despite ongoing affordability challenges Housing market activity proved resilient in 2024 despite ongoing affordability challenges House prices to see growth broadly in the range of 2% to 4% in 2025 Looking back at the housing market in 2024 and what we can expect in 2025, Robert Gardner, Nationwide’s Chief Economist, comments: “Mortgage…
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Planning Reform Working Paper
Development and Nature Recovery – legal experts say there is plenty here that needs to be carefully thought through Given the Government’s commitment to getting Britain building again and subsequent release of its planning reform working paper yesterday, the Government is proposing to speed things up for developers operating in areas impacted by diffuse water…
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Increased activity in the mortgage market anticipated in 2025
UK Finance has today published its housing and mortgage market forecasts for 2025 and 2026 together with projections for 2024 full year numbers. 2025 forecast figures With rate and cost pressures continuing to ease, the outlook for 2025 is for a gradual improvement in mortgage affordability, feeding into market growth. As interest rates tick down,…
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Rightmove House Price Index: Usual seasonal lull, as some movers wait for Boxing Day bounce
Usual seasonal lull, as some movers wait for Boxing Day bounce New seller asking prices drop by a seasonal 1.7% (-£6,395) this month to £360,197, in line with the usual December monthly fall, with sellers’ pricing power diminishing as Christmas approaches: Prices end the year 1.4% above December 2023, and Rightmove predicts that new…
Rightmove
Tear down barriers to help diversify the housing market, says FMB
Small house builders, who account for just ten per cent of all new homes built across the country, won’t be able to increase their market share unless a series of barriers are removed, says a new report, ‘Supporting SME Housebuilders: Challenges and Opportunities’, commissioned by the Federation of Master Builders (FMB) from the London School…
EAN Breaking News
Breaking Property News 12/12/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Adam Pigott CEO of tlyfe outlines the possible future landscape of the Private Rented Sector ‘As we head towards the end of the year, the present Renters’ Rights Bill, introduced to Parliament in September 2024, looks to be on the statute book by summer…
Andrew Stanton
Rightmove’s 2025 housing market forecast
A panel of experts from the UK’s biggest property website Rightmove shares five predictions for the 2025 home-selling and mortgage markets. New seller average asking prices will rise by 4% by the end of next year, and around 1.15 million transactions are expected, however 2025 is set to be a buyer’s market Beginning of…
Rightmove
Zoopla Rental Market Report: Rents rising at slowest pace for over three years
Average UK rents for new lets are 3.9 per cent higher over the last year, the lowest rate of growth since August 2021 The supply/demand imbalance is narrowing as demand cools (-29 per cent) and supply increases slowly (+12 per cent) Growing affordability pressures are also a key factor behind slower rental growth in areas…
EAN Breaking News
Landlords Selling up Growing Challenge for Tenants
The number of households in the private rented sector at risk of homelessness due to landlords selling up has increased by a third since the end of last year. The analysis by the National Residential Landlords Association (NRLA) highlights the need to encourage responsible landlords to stay in the market. According to government data, between…
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Halifax House Price Index November 2024
House prices in November 2024 were 4.8% higher than the same month a year earlier. House prices increased by +1.3% in November, a fifth consecutive monthly increase Property prices are up +4.8% on an annual basis (vs +4.0% last month) Typical property now costs £298,083, a new record Northern Ireland continues to record the strongest…
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Zoopla reveals buyer behaviour in Property for 2024
2024 in Property: Zoopla reveals buyer behaviour and user trends over the past 12 months, after the busiest sales pipeline in four years Disney-themed property in Wales is the most viewed property on Zoopla in 2024 with 219,000 views The average time to sell in 2024 was 33 days, down from 34 days in…
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UK Government’s ambitions for removing unsafe cladding
As at the end of October 2024, there are 4,834 residential buildings 11 metres and over in height identified with unsafe cladding whose remediation progression is being reported on in this release, an increase of 13 since the end of September 2024. Since the department first began reporting on all five remediation programmes in October…
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