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ONS House Price Index January 2025
Private rent and house prices, UK: January 2025 The Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. The UK House Price Index measures house price inflation. Main points Average UK private rents increased by 9.0% in the 12 months to December 2024 (provisional estimate); this is down from…
EAN Breaking News
Foxtons Lettings Market Index – December 2024
Lettings supply strengthened across 2024, Foxtons data shows In 2024, new market listings rose by 8%, totalling over 385,000 listings. In the first half of 2024, applicant demand was 6% below 2023 but strength returned in the second half of the year as demand was 1% higher. Average rent in 2024 closely mirrored 2023, with…
EAN Breaking News
Searches spike in Cornwall’s Watergate Bay following ITV’s Playing Nice
Property searches for Watergate Bay in Cornwall jumped by 46% after it was featured as a location in ITV’s drama, Playing Nice: Searches for Watergate Bay jumped by 46% over the past week versus the previous week Rightmove platform visits peak between 8-9pm each day as many people spend the evening dual screening The busiest minute…
Rightmove
Breaking Property News 15/01/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Zoopla enhances property listings with unique access to local area details Zoopla, one of the UK’s property websites, has enhanced its listing details pages by including a new feature that allows consumers to sign in and access local area information regarding crime rates, flood…
Andrew Stanton
Half of homes increased in value in 2024 by £7,600 as house prices returned to growth
Homeowners checking the value of their home on Zoopla are likely to have seen an increase in value with half (15 million) of all homes across the UK increasing in value in 2024 by an average of £7,600 or more A third of UK homes registered small value falls, mostly across Southern England, as higher…
EAN Breaking News
Rental Reforms Will Make Access to Housing Harder
Speaking ahead of the final stages of the Renters’ Rights Bill in the House of Commons today, a coalition of organisations representing landlords, letting agents and build to rent providers said: “We accept that Section 21 repossessions are ending, and support measures to ensure every rental property is of a decent quality. However, the Government’s…
EAN Breaking News
Barclays: 1 in 6 Homeowners eye up a move in 2025
1 in 6 Homeowners eye up a move in 2025, as growth in mortgage and rental spending slows Rent and mortgage spending grew 1.8 per cent year-on-year in December, down from 8.2 per cent in November, as more homeowners benefitted from base rate reductions Six in 10 renters say that it would be impossible…
EAN Breaking News
Rightmove’s weekly mortgage tracker 10/01/25
Commenting on the rise in UK borrowing costs and the potential impact on mortgage rates, Rightmove’s expert Matt Smith says: “The short term impact is that mortgage rates are likely to rise, as the cost of borrowing increases impacts lenders. However, this is unlikely to be significant and certainly not completely unexpected. Looking a bit…
Rightmove
Access to Rented Housing Will Be Harder for Tenants Most In Need
Responding to amendments tabled to the Renters’ Rights Bill by the Government to restrict the amount of rent that can be sought in advance, Chris Norris, Policy Director for the National Residential Landlords Association, said: “Restricting rent in advance, combined with freezing housing benefit rates and not enough rental housing to meet demand is creating…
EAN Breaking News
Rightmove launches Selling Sunderland with Charlotte Crosby and local agents
Rightmove, the UK’s largest property website, has launched Selling Sunderland, a playful parody of glamorous property TV shows, celebrating Sunderland’s charm and local agent expertise. The campaign features Sunderland favourite TV personality Charlotte Crosby, who teams up with local agents to showcase the city’s unique appeal. Together, they guide prospective buyers through three distinctive properties, blending…
Rightmove
Halifax House Price Index December 2024
House prices in December 2024 were 3.3% higher than the same month a year earlier. House prices decreased by -0.2% in December Annually, property prices are up +3.3% (vs +4.7% last month) Typical property now costs £297,166 Northern Ireland maintains the strongest UK annual house price growth Amanda Bryden, Head of Mortgages, Halifax,…
EAN Breaking News
Housing Insight Report: November 2024
The next few months are likely to prove busy for the sales market, with stock coming to the market and consumers showing they are keen to stay ahead of Stamp Duty threshold changes due in England and Northern Ireland in April 2025. The lettings market remains extremely challenging, with long-running issues regarding an intense lack…
EAN Breaking News
Westminster Council Embraces the Worst Aspects of NIMBYism
In May 2025, Westminster Council will seek to ban ‘For Sale’ signage across the borough, adding to the growing list of localist powers that are being misused by councils through tacit nods to NIMBYism and the creation of new revenue streams. Misuse of Localism Powers Abuse of ‘localism’ powers is not uncommon. In 2024,…
National Federation of Builders
Bank of England Money and Credit – November 2024
Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals fell by £1.0 billion, to £2.5 billion in November….
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Nationwide: Strong end to the year for UK house prices
UK house prices up 4.7% year on year in December Northern regions see higher price growth than southern regions Northern Ireland best performing area for second year running, with prices up 7.1% over 2024 East Anglia weakest performing region, with prices up 0.5% over the year Headlines Dec-24 Nov-24 Monthly Index* 540.8 536.8 Monthly Change*…
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