Breaking News
The Perfect Match: Zoopla reveals the most affordable places for single Brits to buy a home
Aberdeen has been named as the most affordable city for single homebuyers with average monthly mortgage payments of £510, around 16 per cent of average salaries In England, Liverpool has been named the most affordable city for single Brits with average mortgage payments accounting for 18 per cent of monthly salaries Affordability for singletons…
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Breaking Property News 11/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. ‘Tired of how long it takes to buy a home? We’re modernising the process to save you time and money – Ministry of Housing, Communities and local Government’ If I had to do a specialist topic on mastermind it would be the journey from…
Andrew Stanton
Response to Latest Halifax House Price Index
Halifax house price data shows property prices have risen by 0.7% month on month, here are some thoughts from the industry. Nathan Emerson, CEO of Propertymark: “As we embed ourselves into 2025, confidence is being echoed within the housing market, as house prices and mortgage lending remain buoyant. “With the Bank of England announcing…
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Halifax House Price Index – January 2025
House prices in January 2025 were 3.0% higher than the same month a year earlier. The housing market kicks off 2025 with price rise to hit new record high • House prices increased by +0.7% in January following dip of -0.2% in December • Average property price of £299,138 is a new record high •…
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Landlords Respond to Government’s Energy Efficiency Plans
Responding to the publication of the Government’s consultation on the energy efficiency of privately rented housing, Ben Beadle, Chief Executive of the National Residential Landlords Association, said: “We all want to see rented homes as energy efficient as possible, but that will require a realistic plan to achieve this. “The chronic shortage of tradespeople to…
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Comment on the Bank of England’s Decision to Lower Interest Rates
Following the Bank of England’s announcement that it is reducing interest rates by 25 basis points from 4.75% to 4.5% here are some thoughts from the industry. Nathan Emerson, CEO of Propertymark: “Despite widespread uncertainty and the Bank of England expecting inflation rates to increase to 2.8% by the third quarter of 2025 before easing again,…
EAN Breaking News
Breaking Property News 06/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Bank of England cuts base rate by 0.25% Gareth Samples, CEO of The Property Franchise Group, comments: “Today’s decision to cut the rate will be welcomed news for both mortgaged homeowners, as well as mortgage-dependent buyers who are looking to get their foot on the…
Andrew Stanton
Rightmove’s weekly mortgage tracker – 05/02/25
Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 4.98% -0.04% +0.01% 5-year fixed 4.78% -0.03% +0.14% These rates are provided by Podium and are an average based on 95% of the mortgage market. All rates are based on products with a circa £999 fee. Lowest rates…
Rightmove
Breaking Property News 05/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Veld Capital backs the UK PBSA sector Veld Capital (“Veld”), a leading asset-backed focused private investment firm, today announces that it has completed the acquisition of Saltwater Place and Mary Parker House, two high-quality, recently built Purpose Built Student Accommodation (“PBSA”) assets located in…
Andrew Stanton
February & March are the best months to list a home for sale
February and March are the best months to list a home for sale, based on the likelihood the home goes on to successfully complete, closely followed by April and January Nearly seven in 10 homes (66.3%) listed for sale in February and March since 2012 go on to complete the sale, the joint-highest months of…
Rightmove
Breaking Property News 04/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Storm Interface and Active Silicon sign new contracts at Waterside Court, Langley RO Real Estate has just announced that it has concluded the final letting in a succession of new deals at Waterside Court Langley. Following a letting to ADB Safegate in February 2024,…
Andrew Stanton
Breaking Property News 03/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Labour’s housing crisis deepens as new builds decline In the government’s first six months, the number of new homes built fell by 10% BBC Verify analysis has revealed that the number of new homes built in England continued to decline in the first six…
Andrew Stanton
UK house sales up 19% year on year for December
The latest UK monthly property transaction report from the HMRC. The provisional seasonally adjusted estimate of the number of UK residential transactions in December 2024 is 96,330, 19% higher than December 2023 and 3% higher than November 2024 The provisional non-seasonally adjusted estimate of the number of UK residential transactions in December 2024 is 98,120, 15%…
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House price growth softens at the start of 2025
Annual rate of house price growth slowed to 4.1% in January, compared with 4.7% in December House prices up 0.1% month on month Little change in overall rate of home ownership in recent years despite affordability pressures Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The price of a typical UK home rose…
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Leaseholders To Benefit Significantly from the removal of Two-Year Rule
Residential property transactions could become easier following the removal of the two-year rule for leasehold property extensions which comes into force today (31 January 2025) but lawyers have warned the necessity of proving ownership could be challenging due to Land Registry backlogs. This significant change means leaseholders no longer need to own their leasehold property…
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