Breaking News
Zoopla unveils new CEO and strengthens leadership team
Zoopla, one of the UK’s leading property websites, is pleased to announce the appointment of Paul Whitehead as Chief Executive Officer, alongside a number of other changes to strengthen its leadership team, including the appointment of Sam Fletcher as Chief Finance Officer. Paul rejoins Zoopla having previously served as its Chief Strategy Officer. Over the…
EAN Breaking News
Planning Approvals Fall and Construction Slows to Record Low
Labour’s 1.5 Million Home Target at Crisis Point as Planning Approvals Fall and Construction Slows to Record Low Planning approvals drop 2% to 242,610 and construction PMI falls to 44.6, marking its worst performance in nearly five years David Hannah, Group Chairman of Cornerstone Tax, criticises Labour’s poor policy decisions, emphasising that the…
EAN Breaking News
Halifax House Price Index February 2025
Average UK house price holds steady in February • House prices dipped by -0.1% in February (vs +0.6% in January) • Average property price now £298,602 (compared to £298,815 in previous month) • Annual growth remains at +2.9%, unchanged from January • Scotland sees house prices rise at fastest pace in 13 months (+3.8%) …
EAN Breaking News
Not all doom and gloom’ in the residential land market
With uncertainty in the residential land market over the past few years and a bit of a shaky start to the year so far, it has been a tough playing field for UK housebuilders. But residential development expert Billy Poulter, a Manchester-based partner in the commercial property team at Clarke Willmott, specialising in residential development says…
EAN Breaking News
Rightmove market commentary + weekly mortgage rates tracker 07/03/25
Rightmove’s mortgage expert Matt Smith says: “The mortgage market is still quite sensitive to outside noise, and despite the volume turning up recently from across the Atlantic, we’re seeing lenders continue to be as competitive as they can be as the Spring market begins. As the stamp duty deadline edges nearer, we expect a rush to…
Rightmove
69% of UK mortgage brokers expect base rate to rise
Interest rates and legislative uncertainty top concerns for UK mortgage brokers A new survey of 300 UK mortgage brokers has found: 69% believe the base rate will be higher than the current level of 4.50% at the start of 2026. 67% expect interest rates and the cost of borrowing to be the single…
EAN Breaking News
1 in 4 Brits Already Locked Out of Homeownership as Stamp Duty Costs Become Unaffordable
Stamp duty reforms could shatter homeownership dreams for the 25,000 first-time buyers racing to beat the deadline David Hannah, Group Chairman of Cornerstone Tax, urges the government to scrap its stamp duty reforms and focus on addressing the wider housing affordability crisis Home buyers across the UK are racing to complete purchases before the 1st…
EAN Breaking News
Kilmarnock named cheapest area for a first home
Average first-time buyer monthly mortgage payment still £350 more than five years ago, as Kilmarnock named cheapest area for a first home The latest data from Rightmove’s weekly mortgage tracker shows that the average first-time buyer mortgage payment is still £350 more each month, or 59% higher, than five years ago despite market improvements A…
Rightmove
Minister Accepts Supply-Demand Pressures Increasing Rents
In response to comments by Treasury Minister, Emma Reynolds MP, that rental prices “are ultimately determined by the total supply of housing, relative to demand”, Ben Beadle, Chief Executive of the National Residential Landlords Association, said: “The Minister is right. Rents are going up because there are simply not enough properties to meet demand, and…
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The Property Redress annual report
50% of cases resolved through early resolution despite 20% rise in complaints, 56% increase in amount awarded for decisions and 31% rise in agency expulsions The annual report on complaints received against their property agent members by Property Redress is released today. In its eleventh year, the report from the UK’s largest lettings redress provider…
EAN Breaking News
Foxtons Full Year Results 2024
47% earnings growth1 driven by significant Sales market share gains2 and strong returns from Lettings acquisitions. Next phase of the growth plan now firmly in focus. Foxtons Group plc (LSE:FOXT) (“the Group” or “Foxtons”) has delivered another year of growth. Strengthened operational capabilities, combined with strong returns from Lettings acquisitions, have underpinned 47% earnings growth. The Group…
EAN Content
Breaking Property News 05/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. As we accelerate towards the new SDLT cliff edge on 31st of March 2025 – how is property holding up? It is clear that there is a big squeeze on trying to ensure transdactions complete on or before the 31st of March to beat…
Andrew Stanton
Glenigan Construction Index: Pockets of regional resilience, do little to offset faltering confidence
The value of underlying work starting on-site during the three months to February decreased 6% and remained 17% below 2024 levels as activity remains relatively stagnant Lowered expectations on economic recovery dent residential construction, with starts down 10% on the preceding three months, slashed by 14% against 2024 figures Non-residential project starts decreased 2% against…
EAN Breaking News
Breaking Property News 04/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Multi-family service raises further funding and more users 100x is bringing together the brightest minds inside and outside the real estate and identity industries. It is ushering in a new framework to qualify potential renters, increasing security, trust, and efficiency in the rental process overall….
Andrew Stanton
Zoopla Rental Market Report: Rents rising at lowest level for 3.5 years
Upcoming reforms in the rental market will limit new investment and the number of homes for rent Rents rising at lowest level for 3.5 years as Zoopla warns upcoming rental reforms will continue to limit rental supply Average UK rents for new lets are three per cent higher over the last year, down from…
EAN Breaking News