Breaking News
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…
EAN Breaking News
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,…
EAN Breaking News
Housing Insight Report: November 2024
The next few months are likely to prove busy for the sales market, with stock coming to the market and consumers showing they are keen to stay ahead of Stamp Duty threshold changes due in England and Northern Ireland in April 2025. The lettings market remains extremely challenging, with long-running issues regarding an intense lack…
EAN Breaking News
Westminster Council Embraces the Worst Aspects of NIMBYism
In May 2025, Westminster Council will seek to ban ‘For Sale’ signage across the borough, adding to the growing list of localist powers that are being misused by councils through tacit nods to NIMBYism and the creation of new revenue streams. Misuse of Localism Powers Abuse of ‘localism’ powers is not uncommon. In 2024,…
National Federation of Builders
Bank of England Money and Credit – November 2024
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 fell by £1.0 billion, to £2.5 billion in November….
EAN Breaking News
Nationwide: Strong end to the year for UK house prices
UK house prices up 4.7% year on year in December Northern regions see higher price growth than southern regions Northern Ireland best performing area for second year running, with prices up 7.1% over 2024 East Anglia weakest performing region, with prices up 0.5% over the year Headlines Dec-24 Nov-24 Monthly Index* 540.8 536.8 Monthly Change*…
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28.8% of property sales fell through before completion in 2024
The most common reasons for failed sales include the buyer pulling out or failing in an attempt to renegotiate a lower purchase price after a survey (27.3%), the buyer changing their mind and withdrawing from the sale (23.6%), and difficulty getting a mortgage (21.8%). Reasons for failed sales Reason Percentage of failed sales Buyer pulled…
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Rightmove: Busiest ever Boxing Day as home-hunters get ahead of a 2025 mov
Rightmove has recorded its busiest ever Boxing Day for new seller activity, with a record number of Boxing Day properties listed for sale by agents on the 26th December 2024: The number of new properties coming to the market for sale was 26% higher than Boxing Day 2023 The majority (46%) of homes put up…
Rightmove
Housing sales end 2024 on a high, but buyers more cautious about how much to pay for homes as mortgage rates drift higher
Buyers and sellers returned to the market over 2024 building a sales pipeline 30 per cent larger than a year ago with 283,000 homes worth £104bn progressing to a sale in 2025. This is the largest end of year total value for four years. House prices have returned to growth with the average house price…
EAN Breaking News
£21 million to live on UK’s most expensive street
· Knightsbridge in London now the priciest UK street · The UK’s 10 most expensive streets all in the capital, with an average price tag of £16.5 million · East Road in Weybridge the most expensive address outside of London · Priciest UK properties are 60 times more than a typical home Lloyds has revealed…
EAN Breaking News
Breaking Property News 20/12/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Why estate and letting agents must embrace innovative technology in 2025 As we step into 2025, the UK property market continues to shift, and estate agents face mounting pressure to meet the evolving expectations of buyers and sellers. The days when static images sufficed…
Andrew Stanton
Breaking Property News 19/12/24
Daily bite-sized proptech and property news in partnership with Proptech-X. High street Auctions’ initiative launches to revive Britain’s town centres This month the UK Government rolls out its highly anticipated ‘High Street Auctions’ scheme, a flagship measure of the Levelling Up and Regeneration Act 2023. This initiative grants local authorities the power to take…
Andrew Stanton
These cities are the keenest to move house in 2025
Bournemouth is the keenest area in the UK to move home, with 38,132 average monthly searches for moving-related topics per 100,000 residents. Plymouth is second, with 35,198 average monthly searches for moving, and Birmingham is third, with 35,181. Derry is the least keen area to move house, with only 3,170 average monthly searches related to…
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