Breaking News
Breaking Property News 23/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Though rental market is in a state of flux, leading proptech helps both tenants & landlords As the rental market evolves in response to impending change to legislation and increasing demand, both tenants and landlords are navigating a more competitive and complex environment. The…
Andrew Stanton
Rightmove reacts to Bank of England rate hold
Reacting to today’s Bank Rate hold, Matt Smith, Rightmove’s mortgage expert said: “We’re still expecting two rate cuts before the end of the year, and home-movers should continue to see a downward trend in mortgage rates this side of Christmas. I think overall, there’s likely to be quite a moderate response from lenders in response…
Rightmove
Breaking Property News 19/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Industry overview of the expert guides for AI implementation Kateryna Mamchych from Ascendix Technologies gives her expert opinion regarding best practitioners to lead companies through the AI transisition which all companies are now finding themselves caught up in, ‘Artificial Intelligence (AI) has become a pervasive…
Andrew Stanton
Rightmove: St Albans named Great Britain’s most expensive city to rent
St Albans named Great Britain’s most expensive city to rent outside London New analysis reveals St Albans as the most expensive city to rent outside London, with average advertised rents of £2,307 per calendar month (pcm), 71% above the national average Oxford follows closely, with rents averaging £2,237 pcm, while Cambridge is third most…
Rightmove
Private rent and house prices, UK: September 2024
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. 1.Main points Average UK private rents increased by 8.4% in the 12 months to August 2024 (provisional estimate), down from 8.6% in the 12 months to July 2024. Average rents…
EAN Breaking News
UK inflation holding at 2.2% – Remains a Buyers’ Market
Commenting on UK inflation holding at 2.2% and how it remains a buyers’ market, Daniel Austin, CEO and co-founder at ASK Partners, said: “Despite inflation remaining above the 2% target, which may concern investors and consumers, the property sector has shown remarkable resilience in recent months. There are encouraging signs, as various house price indices from…
EAN Breaking News
Breaking Property News 18/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Ways Estate Agents can stop wasting time on viewings Following recent analysis, MadeSnappy 360 has found that time-poor agencies often struggle in a fast moving property marketplace. Estate agents and lettings agents often find themselves bogged down by the time-consuming task of conducting viewings for buyers…
Andrew Stanton
Foxtons Lettings Market Index – August 2024
Foxtons data points towards continued healthy summer Lettings market 23% month-on-month increase in number of renters per new instruction The number of new listings was 7% higher in 2024 year to date, compared to the same period in 2023 Rents continue to remain stable in 2024, with no change between August and July New…
EAN Breaking News
Breaking Property News 17/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Ranking of 50 of the world’s largest commercial banks assessing their maturity in climate adaptation reveals most are underperforming Most of the largest commercial banks in the world are lagging behind in implementing effective measures to climate-proof their operations and those of the businesses they…
Andrew Stanton
Breaking Property News 16/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. What are commercial building tenants really looking for in modern workspaces? With remote and hybrid working models becoming the norm, many businesses are beginning to downsize their office spaces. Indeed, compact, higher-quality environments are now preferred over the vast, traditional settings of the past,…
Andrew Stanton
Rightmove launches new Renovation Calculator
Rightmove has launched a unique new tool to help people explore the added value that existing, or planned renovation works might have on a property. The new Renovation Calculator is an enhancement to Rightmove’s Instant Online Valuation tool. Once people receive an instant online valuation of a property’s price, they now have the option to…
Rightmove
Rightmove House Price Index 16th September 2024
Autumn action starts early as movers spot window of opportunity Average new seller asking prices rise by 0.8% (+£2,974) this month to £370,759. September usually sees a monthly rise in prices, but this year’s increase is double the long-term average, with prices supported by increased activity levels The traditionally busier Autumn market appears to…
Rightmove
Superstitious Brits avoid moving house on Friday 13th
Rightmove today (13th September), reveals that people avoid moving on Friday the 13th, despite Friday usually being the busiest day of the week for people collecting the keys to their new home Analysis of data since 1995 reveals Friday the 13th is the quietest day for completions compared to any other Friday What’s more,…
Rightmove
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