Breaking News
Zoopla identifies housing markets with best prospects for house price growth in 2025
New analysis from Zoopla, one of the UK’s leading property websites, reveals that housing markets in Scotland and Northern England have the best prospects for house price growth in 2025, as Southern England continues to adjust to the impact of higher mortgage rates. Housing markets in Scotland and Northern England have the best prospects for…
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Rightmove’s weekly mortgage tracker – 16/01/25
Average mortgage rates drop despite mixed economic news Commenting on the drop in average rates this week, Rightmove’s mortgage expert Matt Smith says: “Despite all of the economic news we’ve had this week, average rates have fallen. It shows that despite the challenges affecting the mortgage market at the moment, lenders are keen to…
Rightmove
Breaking Property News 16/01/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Prolonged corporate distress and uneven 2025 recovery Corporate distress levels in Q4 2024 showed signs of stabilising compared to the same period in 2023, but they remain above the long-term average, according to the latest Weil European Distress Index (WEDI). The report forecasts an uneven recovery…
Andrew Stanton
Sunbury-on-Thames is 2024’s price hotspot
New data reveals that Sunbury-on-Thames in Surrey is 2024’s price hotspot, with the average asking price for a home jumping by 12.5% compared to the previous year: Bristol City Centre is second on the list of hotspots, and Swinton in Manchester is third The rise in prices contrasts the more muted price growth on average…
Rightmove
ONS House Price Index January 2025
Private rent and house prices, UK: January 2025 The Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. The UK House Price Index measures house price inflation. Main points Average UK private rents increased by 9.0% in the 12 months to December 2024 (provisional estimate); this is down from…
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Foxtons Lettings Market Index – December 2024
Lettings supply strengthened across 2024, Foxtons data shows In 2024, new market listings rose by 8%, totalling over 385,000 listings. In the first half of 2024, applicant demand was 6% below 2023 but strength returned in the second half of the year as demand was 1% higher. Average rent in 2024 closely mirrored 2023, with…
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Searches spike in Cornwall’s Watergate Bay following ITV’s Playing Nice
Property searches for Watergate Bay in Cornwall jumped by 46% after it was featured as a location in ITV’s drama, Playing Nice: Searches for Watergate Bay jumped by 46% over the past week versus the previous week Rightmove platform visits peak between 8-9pm each day as many people spend the evening dual screening The busiest minute…
Rightmove
Breaking Property News 15/01/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Zoopla enhances property listings with unique access to local area details Zoopla, one of the UK’s property websites, has enhanced its listing details pages by including a new feature that allows consumers to sign in and access local area information regarding crime rates, flood…
Andrew Stanton
Half of homes increased in value in 2024 by £7,600 as house prices returned to growth
Homeowners checking the value of their home on Zoopla are likely to have seen an increase in value with half (15 million) of all homes across the UK increasing in value in 2024 by an average of £7,600 or more A third of UK homes registered small value falls, mostly across Southern England, as higher…
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Rental Reforms Will Make Access to Housing Harder
Speaking ahead of the final stages of the Renters’ Rights Bill in the House of Commons today, a coalition of organisations representing landlords, letting agents and build to rent providers said: “We accept that Section 21 repossessions are ending, and support measures to ensure every rental property is of a decent quality. However, the Government’s…
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Barclays: 1 in 6 Homeowners eye up a move in 2025
1 in 6 Homeowners eye up a move in 2025, as growth in mortgage and rental spending slows Rent and mortgage spending grew 1.8 per cent year-on-year in December, down from 8.2 per cent in November, as more homeowners benefitted from base rate reductions Six in 10 renters say that it would be impossible…
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Rightmove’s weekly mortgage tracker 10/01/25
Commenting on the rise in UK borrowing costs and the potential impact on mortgage rates, Rightmove’s expert Matt Smith says: “The short term impact is that mortgage rates are likely to rise, as the cost of borrowing increases impacts lenders. However, this is unlikely to be significant and certainly not completely unexpected. Looking a bit…
Rightmove
Access to Rented Housing Will Be Harder for Tenants Most In Need
Responding to amendments tabled to the Renters’ Rights Bill by the Government to restrict the amount of rent that can be sought in advance, Chris Norris, Policy Director for the National Residential Landlords Association, said: “Restricting rent in advance, combined with freezing housing benefit rates and not enough rental housing to meet demand is creating…
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Rightmove launches Selling Sunderland with Charlotte Crosby and local agents
Rightmove, the UK’s largest property website, has launched Selling Sunderland, a playful parody of glamorous property TV shows, celebrating Sunderland’s charm and local agent expertise. The campaign features Sunderland favourite TV personality Charlotte Crosby, who teams up with local agents to showcase the city’s unique appeal. Together, they guide prospective buyers through three distinctive properties, blending…
Rightmove
Halifax House Price Index December 2024
House prices in December 2024 were 3.3% higher than the same month a year earlier. House prices decreased by -0.2% in December Annually, property prices are up +3.3% (vs +4.7% last month) Typical property now costs £297,166 Northern Ireland maintains the strongest UK annual house price growth Amanda Bryden, Head of Mortgages, Halifax,…
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