Breaking News
Rightmove’s most viewed homes of the year 2024
New data from the UK’s biggest property website Rightmove reveals the most viewed homes of the year. Rightmove’s property expert, Tim Bannister, said: “From a luxurious former football manager’s residence to a historic Grade I listed Abbey, the most viewed homes of the year reflect the wide-ranging dreams of home-hunters this year across Great Britain. Whether…
Rightmove
House prices and sales volume expected to grow in 2025 House prices and sales volume expected to grow in 2025 despite Budget headwinds
The housing market has returned to growth with house price growth now positive across all regions and countries of the UK The number of sales is expected to increase by five per cent over 2025 to 1.15m sales completions Strong growth in household incomes over the last 2 years (totalling 15 per cent to 2024…
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Rented Housing Database Needs To Deliver Meaningful Results Warn Landlords
PLANS for a database of private rented properties risk providing little help to tenants unless it includes meaningful information. The warning from the National Residential Landlords Association (NRLA) comes as the Renters’ Rights Bill sets out to establish a database of all private rented properties and landlords in England. Whilst ministers pledge that it will…
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First-time buyers rush to beat stamp duty deadline in higher-priced areas
New real-time analysis from Rightmove shows early signs of first-time buyers rushing to beat the stamp duty deadline on 1st April 2025 in higher-priced areas of England: In the Autumn Budget, it was confirmed that stamp duty thresholds in England would lower from 1st April, and the rate at which properties are exempt from stamp duty would…
Rightmove
Rightmove’s weekly mortgage tracker – 28/11/24
The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was…
Rightmove
Breaking Property News 27/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Universities need to be aware of the changing student housing landscape if they want to be more profitable Whilst Universities have been in the news lately regarding lack of funding, Owen Redman Co-founder of Roome had other things on his mind when we caught up with him….
Andrew Stanton
Essential Tips for Homeowners: Making Room for a Quick Sale
Selling a home can often feel overwhelming, especially when time is of the essence. However, strategies that make your space inviting and functional can capture the attention of potential buyers and expedite a sale. The right preparation can significantly influence how quickly your home finds a new owner. Here are some essential tips to help…
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Breaking Property News 25/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. New Workplace Utilization Index reveals APAC workplace utilization skyrocketed, UK retains global utilization leadership Press Release MELBOURNE, Australia & NEW YORK, [November 25, 2024]: Employees and executives aren’t just imagining it–most workplaces are much more alive than they were a year ago. Global workplace utilization…
Andrew Stanton
Freehold and Leasehold Reform Act-lessees can control their own destiny
Matthew Pennycock, Minister of State for Housing and Planning, has made a Parliamentary Statement regarding the future progress of the Freehold and Leasehold Reform Act 2024. The Government have formally recognised the “significant complexity of the task” and that the legislation was rushed in at the end of the last parliament and as a result…
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Rightmove’s weekly mortgage tracker 22/11/24
The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was…
Rightmove
2025 Predictions for the Private Rental Sector
Allison Thompson, National Lettings Managing Director, Leaders Romans Group (LRG) “As we approach 2025, the lettings industry is entering a phase marked by stabilisation and opportunity. Rental inflation has slowed to an average of 3-4% for new lets, reflecting the effects of affordability constraints; renters’ budgets are beginning to limit how much rents can rise….
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Response to Matthew Pennycook’s Statement on Leasehold Reform
Yesterday, Secretary of State Matthew Pennycook made a Ministerial Statement on the future of leasehold reform. Responding, Mark Chick, director of ALEP and a Partner at Bishop & Sewell LLP said: ALEP welcomes the ministerial statement which puts in place a timeframe and some objectives for the implementation of the Leasehold & Freehold Reform Act….
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Breaking Property News 21/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Helping clients raise capital at speed Press Release New York – Agora, a leading real estate investment management platform with offices in New York City and Tel Aviv, is announcing the launch of its Smart Questionnaire. This tool is designed to help real estate LPs complete…
Andrew Stanton
ONS House Price Index – November 2024
Headlines Average UK private rents increased by 8.7% in the 12 months to October 2024 (provisional estimate); this is up from 8.4% in the 12 months to September 2024. Average rents increased to £1,348 (8.8%) in England, £766 (7.9%) in Wales, and £976 (6.6%) in Scotland, in the 12 months to October 2024. In Northern…
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Foxtons Lettings Market Index October 2024
Headlines October saw the highest level of new stock entering the market, with an 8% increase from last year, the highest increase in four years October’s demand is marginally lower than last October and decreased 32% from September, as expected during this time of year Following a yearly high of £593 per week this September,…
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