Breaking News
Breaking Property News 25/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Stamp Duty Land Tax in the news again for all the wrong reasons Why some buyers can save on SDLT fees by using SCA Tax With just over a month for homebuyers to complete by the 31st of March 2025, or before to beat the…
Andrew Stanton
25,000 first-time buyers set to miss stamp duty deadline and complete in April
Over 25,000 first-time buyers in England who are currently going through the process of legally completing on a property purchase are predicted to miss the stamp duty deadline on March 31st, and complete in April Nearly 74,000 movers in England in total are set to miss the deadline and complete in April, with a collective…
Rightmove
Breaking Property News 20/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Roome celebrates four years of helping students and growing universities’ revenue James Buck, co-founder of Roome sums up the 48-month journey so far, ‘Four years ago, we launched an app Owen Redman and I wished we had at university – a tool to make shared living not…
Andrew Stanton
Tenants Struggle as Shortage of Rental Housing Continues
Private sector tenants are continuing to struggle as new data highlights an ongoing shortage of homes to rent. Almost eight in ten landlords (77 per cent) across England and Wales reported strong demand from prospective tenants in the final quarter of 2024 according to research from Pegasus Insights. The data, compiled for the National Residential…
EAN Breaking News
New Platform Will Make Tackling Criminal Landlords Easier
Private sector tenants will find it easier to hold criminal landlords to account thanks to a new online platform being launched in Parliament today. The ‘My Housing Issue’ Gateway, designed by the TDS Charitable Foundation, will ensure tenants know where to take complaints related to rented housing. Research by the Foundation has found that 50…
EAN Breaking News
Continued growth recorded in auctioneering sector – Propertymark Auction Barometer
53% of members said that the number of lots exceeding their reserve price increased in Q4 2024 compared to the previous quarter. Only 12% reported a decrease. The highest percentage of those surveyed (41%) said that the number of lots available (for all auction types) increased in Q4 2024 in comparison to Q3. Members reported…
EAN Breaking News
Optimism in commercial sector reflected in Propertymark’s latest Commercial Outlook
83% of Propertymark Commercial Agent members predict supply in the Land and Yards sector to remain static. 53% of members forecast the Industrial Sector supply will increase. 27% anticipate supply in the Office Sector to increase and 45% stated no change. There seems to be an increasing sense of optimism in the commercial sector, as…
EAN Breaking News
Foxtons Lettings Market Index – January 2025
London rental market sees seasonal January resurgence as supply and demand rebalance, Foxtons data shows This January, demand for rental properties increased 83% from December 2024 There was a 51% increase in volume of listings coming to market from December 2024 The average rent in January 2025 increased 2% from January 2024 As…
EAN Breaking News
Breaking Property News 19/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. The smart way to turn listings into sales In today’s property market, buyers and renters expect more than static photos and generic descriptions. They want immersive, detailed experiences that help them visualise a property before they step inside. In fact, 54% of potential buyers…
Andrew Stanton
Four in five homeowners in England and Northern Ireland to pay more stamp duty
New analysis from Zoopla has revealed that four in every five homeowners in England and Northern Ireland will pay more stamp duty from 1st April, boosting stamp duty receipts for the government by over £1.1bn annually. Four in five existing homeowners (83 per cent) will pay stamp duty from April, up from 49 per cent…
EAN Breaking News
New guidance for resolving block and estate management complaints
The Property Ombudsman received 6,649 enquiries related to leasehold and investigated 1,313 cases in 2024 A total of £148,172 was awarded to consumers for disputes regarding leasehold, block and estate management last year 1,669 property managing businesses are members of The Property Ombudsman The Property Ombudsman has published new guidance to support…
EAN Breaking News
Breaking Property News 18/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. The Importance of Compliance for UK Mortgage Brokers Why it matters? – In the UK, compliance is a cornerstone of the mortgage brokering industry. With the financial sector highly regulated to protect consumers and maintain market integrity, mortgage brokers must adhere to stringent rules set…
Andrew Stanton
Barclays: Mortgage and rental spending grows as younger buyers turn attention to new builds
Mortgage and rental spending grows 2.0 per cent, but consumer confidence remains unchanged Rent and mortgage spending grew slightly year-on-year in January, up from 1.8 per cent in December Consumers’ confidence in their ability to afford rent and mortgage payments remained unchanged month-on-month at 52 per cent Those who have recently remortgaged onto higher…
EAN Breaking News
UK’s Housing Crisis Deepens as 1.4 Million Homes Sit Unbuilt
Cornerstone Tax reveals that 19% of tenants have been forced to move five times in less than five years due to landlords exiting the market David Hannah, Group Chairman of Cornerstone Tax, urges the government to focus on addressing the wider housing affordability crisis by incentivising landlords The government’s plan to develop 12 new towns…
EAN Breaking News
Rightmove House Price Index: Price growth slows as stamp duty deadline looms, but activity remains robust
The average price of property coming to market for sale rises by 0.5% (+£1,805) this month to £367,994, a muted price rise for this time of year as new sellers lower price expectations, due to the looming stamp duty deadline and high competition: The number of available homes for sale is at a 10-year high,…
Rightmove