Breaking News
Renters’ Rights Bill parliamentary progress
The Renters’ Rights Bill has completed its Committee Stage in the House of Lords and will move on to the Report Stage imminently. Allison Thompson, National Lettings Managing Director of LRG, comments on the progress of the Bill: “As the Renters’ Rights Bill completes its committee stage in the House of Lords, it is disappointing…
EAN Breaking News
Breaking Property News 2/06/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Real estate analytics company, launches next iteration of its advisor service: UD Advisor. First launched in early 2023, UD Advisor is a customer reporting and analysis service, created by the company that puts expert insight and custom, independent analyses of the Manhattan and Brooklyn real…
Andrew Stanton
Housing Market Surges as Stamp Duty Changes Drive Buyer Activity
UK Finance today releases its latest Household Finance Review for Q1 2025, which explores trends in household spending, saving, and borrowing. Mortgage lending surged in the first quarter of 2025, driven by homebuyers seeking to complete purchases before changes to Stamp Duty took effect in April. Household savings continued to grow, particularly in notice accounts…
EAN Breaking News
Mortgage Approvals Down in April
The latest figures show that: – Mortgage approvals on house purchases for April sat at 60,463 down (-4.9%) from 63,603 in March. This signals four consecutive months of decline. Approvals are also lower (-2.1%) than the 61,740 seen in April 2024. Despite the decline, there is still optimism for growth in the coming months, especially…
EAN Breaking News
Build to rent completions up, but sector has seen slowdown in construction
New research by Inventory Base reveals that the number of build to rent completions has increased by almost 16% in the past year, however, there has been a significant dip in the number of BTR buildings currently under construction. Inventory Base has analysed UK build to rent (BTR) construction planning data* and found that in…
EAN Breaking News
Response to latest Nationwide House Price Index
Comment on latest Nationwide data showing a 3.5% increase in house prices from the Industry. Nathan Emerson, CEO at Propertymark: “It is reassuring to witness consistent house price growth and a strong appetite as people continue to approach the homebuying and selling process, especially when the UK economy continues to adapt to both domestic and…
EAN Breaking News
Annual house price growth edged higher in May
Annual rate of house price growth increased marginally in May to 3.5%, compared to 3.4% in April House prices were up 0.5% month on month House prices in predominantly rural areas have risen by 23% over the last five years, compared to 18% in more urban areas Commenting on the figures, Robert Gardner, Nationwide’s Chief…
EAN Breaking News
Rightmove’s weekly mortgage tracker 30/05/25
Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 4.64% +0.03% -0.78% 5-year fixed 4.61% +0.03% -0.45% Lowest rates for 2-year and 5-year fixed-rate mortgages Term Lowest rate Weekly change Yearly change 2-year fixed 3.82% +0.02% -0.93% 5-year fixed 3.88% +0.09% -0.55% Average…
Rightmove
Seven in ten branches now using Rightmove’s insights and training platform
New figures from Rightmove, the UK’s largest property platform, show that seven in ten estate and letting agency branches are making use of its insights and training platform, the Rightmove Hub. This is up from 56% of branches back in 2023. The Hub, first launched ten years ago and recently revamped, has expanded in response…
Rightmove
Household Costs Indices for UK household groups: January to March 2025
Household Costs Indices, 12-month growth rates, expenditure shares and contributions for UK household groups and all-households. These are official statistics in development. Main points Overall UK household costs, as measured by the Household Costs Index (HCI), rose by 2.6% in the year to March 2025; this is a fall from 2.9% in the year to…
EAN Breaking News
Why Rural House Prices Are Surging Faster Than Cities
New analysis from Open Property Group reveals that rural England is facing an affordability crunch, as house prices in the countryside outpace urban growth, despite lower average wages and higher living costs in remote areas. These shifting dynamics are challenging the long-standing assumption that rural life offers a more affordable and sustainable alternative to the…
EAN Breaking News
Breaking Property News 29/05/25
Daily bite-sized proptech and property news in partnership with Proptech-X. OpoticWise – The Tenant Tech Gap Week 2: Why CRE Portfolios Fall Behind Without Digital Ownership Introduction Welcome back to the second week of sour 52-week series on digital transformation in commercial real estate. I’m Bill Douglas, CEO of OpticWise, where we help CRE…
Andrew Stanton
Liverpool home to the nation’s busiest estate agents
The latest research by eXp UK, the platform for personal estate agents and estate agency businesses, has shown that the average agent is listing 26 properties in the current market, but it’s agents in Liverpool who are the busiest, listing an average of 46 properties per agent. eXp UK analysed current market data on the…
EAN Breaking News
Government to help SME builders
The Government has announced a package of proposals to directly help small and medium sized builders (SMEs) and they include a ‘Medium’ sized site definition to enable more proportionate planning requirements, streamlined planning for ‘Minor’ sized sites and more targeted support for access to land and finance. Richard Beresford, Chief Executive of the National Federation…
EAN Breaking News
Breaking Property News 28/05/25
Daily bite-sized proptech and property news in partnership with Proptech-X. How Artificial intelligence is reshaping the UK mortgage landscape Fintech meets operational needs of lenders & brokers Artificial intelligence (AI) is steadily reshaping the UK mortgage landscape, bringing long-overdue efficiency and modernisation to a traditionally cumbersome process. What was once a manual, document-heavy,…
Andrew Stanton