Breaking News
Foxtons Lettings Market Index – March 2025
London rental market gains momentum as new rental listings surge, Foxtons data shows March saw a 14% increase in new rental listings across London compared to February Applicant registrations rose by 11% month-on-month in March. Year on year, demand was stable, tracking just 2% below March 2024 levels The average rent in March stood…
EAN Breaking News
UK’s mid-market firms show improved business growth in March but economic uncertainty continues
Key findings: NatWest’s Mid-market Growth Tracker shows improved business growth in March, led by a strong service sector performance SMEs register a softer decline in output levels during March Market conditions remain challenging and we could see continued challenges in the coming months Mid-market businesses continued to outperform the wider UK economy in March,…
EAN Breaking News
ONS Private rent and house prices UK – April 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 Headlines Average UK monthly private rents increased by 7.7%, to £1,332, in the 12 months to March 2025 (provisional estimate); this annual growth rate is down from 8.1% in…
EAN Breaking News
Renters’ Rights Bill – what you need to know
The Renters’ Rights Bill is an extremely important piece of legislation for anyone who rents their home. For those in England (with some elements also covering Wales and Scotland), it represents one of the biggest changes in well over thirty years, and it’s important to be aware of what it might mean to you if…
EAN Content
Rightmove commentary on mortgage market and reaction to inflation news
Matt Smith, Rightmove’s mortgage expert says: “A lower than expected inflation figure today is good news for the wider economy, and it will keep the Bank of England’s plans to cut the Bank Rate in May on track. “After another tumultuous week for the global economy, this week has been a little more steady so…
Rightmove
Rental Reform Plans Need Urgent Changes To Work
Ministers must back pragmatic changes to their rental reform plans to stand any chance of working. That’s the warning from the National Residential Landlords Association (NRLA) as the House of Lords prepares to start detailed scrutiny of the Renters’ Rights Bill next week. Whilst the core of the Bill is ending Section 21, ‘no explanation’…
EAN Breaking News
Rightmove launches new agent ‘Game Changers’ campaign
Rightmove is launching a new campaign to put the game-changing work of agents in the spotlight. Called ‘The Game Changers’, Rightmove will be spending the next few weeks collecting positive stories from movers and landlords about their experience working with agents, that showcase the valuable role agents play in helping people to move. The stories…
Rightmove
New wave landlords: Under 35s driving property market by prioritising investment over homeownership
New expert insight shows that younger people (25-34 year olds) are investing in property at record levels and are opting to invest in property over purchasing their own residential homes. Leading estate agents John Minnis say that an increasing number of young people are investing their earnings, working capital and inheritance in property more than…
EAN Content
Zoopla reveals the fastest moving UK markets as over half of homes in England and Wales sell within two months of listing
Homes in England and Wales spend an average of 36 days on the market, with 52 per cent selling within the first two months of listing Homes in affordable regions, like the North West and North East, are selling the fastest, with Manchester, Carlisle, Stockport, Gateshead, Newcastle upon Tyne and Halton in the top ten…
EAN Content
Rightmove House Price Index: New record asking price with resilient activity despite stamp duty increase
The average price of property coming to market for sale rises by 1.4% (+£5,312) this month to a new record of £377,182. This is a larger-than-usual April price increase, despite a decade-high number of homes for sale for the time of year A snapshot of the post-stamp-duty-increase market suggests movers are carrying on and have…
Rightmove
COVID five years on: City and coastal trends reverse as homes by the sea take longer to sell
Rightmove’s new report looks at how the market has changed five years on from the pandemic starting Many city and coastal trends have now reversed, with homes near the sea taking three weeks longer to sell compared to 2020, and the majority of buyers in the capital looking to stay rather than leave London A…
Rightmove
Halifax House Price Index – Average UK house price falls in March
• House prices fall by -0.5% in March (vs -0.2% in February) • Average property price now £296,699 (compared to £298,274 in previous month) • Annual rate of growth remains at +2.8%, unchanged from February • Northern Ireland sees house prices rise at fastest pace (+6.6%) Amanda Bryden, Head of Mortgages, Halifax, said: “UK house…
EAN Breaking News
Majority of Tenants Unsure How Changes Will Affect Them, Says LRG
With major changes to the private rental sector on the horizon, 62% of tenants say they don’t know whether the government’s Renters’ Rights Bill will address their concerns – highlighting a growing need for clearer communication around what the reforms will mean in practice. LRG’s latest Lettings Report shows that while landlords are widely aware…
EAN Breaking News
Renters’ Rights Bill Delay Causing Uncertainty for Tenants and Landlords
Ministers need to tell landlords and tenants when measures in the Renters’ Rights Bill will take effect the National Residential Landlords Association (NRLA) is today warning. The Government pledged last year to abolish Section 21 ‘no explanation’ repossessions and to make other changes to the rental market this summer. With the Bill not scheduled to…
EAN Breaking News
Breaking Property News 02/04/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Made Snappy 360 appoints new CEO and Sales Director to accelerate growth in the property technology space Made Snappy 360, the fast-growing proptech company known for its virtual tours and floor plan technology, has appointed industry veteran Mark Beresford-Ward as its new Chief Executive…
Andrew Stanton