Breaking News
Zoopla Rental Market Report – September 2024
21 people competing for every rental property as supply remains a major problem for renters’, pushing rents higher Number of homes for rent still 24% below pre-pandemic average compounded by stalled new investment by private landlords Possible tax changes in Autumn Budget could result in further landlord sales Rental demand has weakened but still 21…
EAN Breaking News
Rightmove’s weekly mortgage tracker 12th September 2024
Headlines The average 5-year fixed mortgage rate is now 4.67%, down from 5.64% a year ago The average 2-year fixed mortgage rate is now 5.03%, down from 6.22% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.70%, down from 5.71% a year ago The average 60% LTV 5-year fixed…
Rightmove
Breaking Property News 12/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. REA Group targets Rightmove takeover But is there clear logic in the huge deal as strategically, Rightmove acquisition is not an ideal fit? The following article (1st edition) appeared on the 4th of September and was written and compiled by Angela Hawksford Director, Asia Pacific, (Advanced Interactive…
Andrew Stanton
Where Are the Top Rising Neighbourhoods for First-time Buyers Across the UK?
Santander UK reveals the rising neighbourhoods for first-time buyers (FTBs), with top spots including Waverley, Waltham Forest, and Bassetlaw. It comes as FTBs are moving further away to get onto the property ladder due to lack of suitable properties and affordability constraints – saving an average of £29,000 compared to buying where they lived previously….
EAN Breaking News
Surge in larger homes listed for sale as Autumn statement looms
New real-time analysis from Rightmove shows there has been a surge in larger properties being put up for sale in the last week The number of top-end homes coming to the market for sale – covering four-bedroom detached houses and all five bedroom or larger homes – is now 15% ahead of the same…
Rightmove
Breaking Property News 11/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Glider, an innovator in information management solutions for the built environment, purchases EDocuments This strategic move will enable the combined companies to offer expert support throughout the entire asset lifecycle, from design and construction to operation. As the construction industry evolves to meet new regulatory…
Andrew Stanton
Rightmove agrees new partnership with Women in Estate Agency
Rightmove, the UK’s largest property website, today announces that it has agreed a new two-year partnership with the property network Women in Estate Agency (WIEA). WIEA is formed of a range of property industry professionals, both women and men, who give their time to drive change and equality for women across the estate agency sector….
Rightmove
Rental Reform Needs to Work for Tenants and Landlords
Speaking ahead of publication of the Renters’ Rights Bill later today, Ben Beadle, Chief Executive of the National Residential Landlords Association said: “Plans to reform the private rented sector have been on the table for over five years now. Above all, renters and landlords need certainty about what the future looks like. Whilst we await…
EAN Breaking News
Breaking Property News 10/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Industry-first Property Sense launches Place 3D to enhance its in-house capabilities Stockport-based estate and letting agent disruptor, Property Sense, has launched a new proptech sister company called Place 3D. Which will unveil new proptech capabilities to the UK market, allowing clients to experience high-specification 3D…
Andrew Stanton
Breaking Property News 09/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Cathedral View 2 building at The Forum is let to Fasthosts Internet Ltd by Bruton Knowles The rental of office space totalling 19,000 sq ft at a pivotal Gloucester development – at the centre of a recognised world-leading cyber hub – the entire Cathedral…
Andrew Stanton
Halifax House Price Index for August
UK house prices edge up to hit two-year high House prices in August 2024 were 4.3% higher than the same month a year earlier. House prices increased by +0.3% in August, after +0.9% rise in July Year-on-year prices are up +4.3%, the strongest rate since November 2022 Higher annual growth largely reflects the base…
EAN Breaking News
Nationwide House Price Index for August
Annual house price growth edged higher in August UK house prices fell 0.2% month on month in August Annual growth rate picked up to 2.4%, from 2.1% in July Fastest pace of annual growth since December 2022 Energy efficiency becoming more important in influencing what buyers will pay for a home Headlines Aug-24…
EAN Breaking News
Rightmove Points to Worsening Crisis in Private Rented Sector
Responding to data published today by Rightmove suggesting that the number of former rental properties up for sale is now at its highest level on record, Chris Norris, Policy Director for the National Residential Landlords Association, said: “Today’s data will be a serious concern for all those renters struggling to find somewhere to call home. …
EAN Breaking News
Record levels of former rental homes for sale
The proportion of former rental properties moving into the sales market is at its highest on record, indicating more landlords are selling up, some potentially driven by the mooted increase in Capital Gains Tax in the Autumn Statement on 30th October: 18% of properties now for sale were previously on the rental market, compared with…
Rightmove
Rightmove’s weekly mortgage tracker 4th September 2024
The lowest available 5-year fixed rate mortgage is now 3.77% (for 60% LTV), which is the lowest a five-year fixed rate has been since before the mini-Budget in September 2022. Other key points this week include the average 5-year fixed mortgage being a full 1.0% lower than last year, and the average 60% 5-year rate…
Rightmove