Breaking News
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
Greenpeace Ruling Exposes UK Government Policy
In January 2025, Greenpeace brought a collective action against the Dutch state for failing to comply with a 2018 European Court of Justice ruling on nutrient neutrality. An appeal is expected: however, as the UK Government has adopted the same ‘tax builders for pollution others cause’ approach to reducing nutrient pollution, it may find itself…
EAN Breaking News
Rightmove commentary on mortgage market + weekly tracker
Commenting on the mortgage market, Rightmove’s expert Matt Smith said: “The market has settled after the unexpectedly high inflation figure. Average mortgage rates on many products have trickled downwards, and we’ve even seen the return of some eye-grabbing sub-4% mortgage rates for those with the biggest deposits. It shows that mortgage lenders are still keen to…
Rightmove
Government plans to ban new leasehold flats
With the Government’s plans to ban new leasehold flats, an expert says the system must be ready to cope. With the news that Government is to outline plans to ban new leasehold flats and adopt commonhold, with draft Leasehold and Commonhold Reform Bill to be published later this year, Scott Goldstein, Partner, Payne Hicks Beach,…
EAN Breaking News
Bank of England Money and Credit Report – January 2025
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 rose by £0.9 billion, to £4.2 billion in January….
EAN Breaking News
Breaking Property News 03/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Gen-AI technology shortens office search journey Rubberdesk, a marketplace for flexible office space, has launched an AI-powered tool using brand new proprietary technology that streamlines the search process—delivering businesses a curated shortlist of office options in just 20 seconds. This latest innovation in Proptech puts…
Andrew Stanton
Right to Manage: changes to legislation come into effect on Monday
On Monday 3 March further provisions within the Leasehold and Freehold Reform Act 2024 come into force, including Section 49 which concerns the change of non-residential limit on Right to Manage (RTM) claims. This secondary legislation will mean that residential leaseholders within a mixed-use scheme will qualify for RTM when the commercial element of a…
EAN Breaking News
Fall in construction workloads, warns Federation of Master Builders
Workloads for small building companies fell by 8% in the last three months of 2024, according to the latest Q4 2024 State of Trade Survey from the Federation of Master Builders (FMB). Brian Berry, Chief Executive of the FMB said, “The latest State of Trade Survey, looking at SME construction activity during the last three…
EAN Breaking News
Nationwide HPI – House price growth remains solid in February
Annual rate of house price growth remained broadly stable in February at 3.9%, compared with 4.1% in January House prices up 0.4% month on month Recovery in housing market transactions in 2024 Headlines Feb-25 Jan-25 Monthly Index* 543.7 541.6 Monthly Change* 0.4% 0.1% Annual Change 3.9% 4.1% Average Price (not seasonally adjusted) £270,493 £268,213 *…
EAN Breaking News
Rental Housing Crisis Will Undermine Chancellor’s Growth Plans
The Government’s efforts to attract “global talent” to the UK will be undermined unless urgent action is taken to boost the supply of homes to rent. That’s the warning by organisations representing institutional and individual landlords along with letting agents. Speaking at the World Economic Forum in Davos earlier this year, the Chancellor spoke of…
EAN Breaking News
Proposed Amendments to the Renters Rights Bill
Yesterday the House of Lords tabled a set of proposed amendments to the Renters Rights Bill. Allison Thompson, National Lettings Managing Director, Leaders Romans Group (LRG): “The amendments proposed yesterday in the House of Lords mark a significant and positive step forward for the Renters (Rights) Bill. After much industry concern and sustained lobbying—particularly…
EAN Breaking News
UK Finance Later Life Mortgage Lending Update Q4 2024
UK Finance has published its later life mortgage lending update for Q4 2024. The report provides a quarterly insight into mortgages taken out by borrowers over the age of 55, the trends in lending, and demographics of those accessing the market. These trends cover mainstream lending to older borrowers, as well as specialist products such…
EAN Breaking News