Breaking News
£19m per month for the nation’s most prestigious property
The latest research by award winning mortgage adviser, Alexander Hall, has revealed that whilst a property close to Royal Ascot will see the average homebuyer pay £4,263 a month in mortgage costs, this monthly payment climbs as high as £19m a month for those with ambitions of snagging a real royal property. This week, Royal…
EAN Breaking News
Glenigan Summer Forecast: Boom Times Ahead For UK Construction
Construction intelligence specialists predict major performance uptick over the next three years. UK construction sector set to grow 24% over the forecast period Private housebuilding is set to increase significantly, with an 18% activity increase predicted in 2027 Industrial & Commercial gradually strengthens as UK economic growth gathers pace, supported by increased business investment Increased…
EAN Breaking News
Five businesses expelled by The Property Ombudsman
Three estate agents and two letting agents have been expelled from The Property Ombudsman for failing to pay compensation awards to consumers. Prime Property Agents on Clarendon Street, Nottingham, failed to refund a buyer’s £7,200 reservation fee after a purchase fell through. The agent did not follow their own terms and conditions, failing to present…
EAN Breaking News
The impact of Trump on the UK property market
By Kevin Shaw, National Sales Managing Director, Leaders (an LRG company) The property market tends to thrive when the economy is strong and stable. Historically, economic uncertainty has negatively impacted house buying and selling, as people tend not to make big life changes and new investments when job security, the cost of living and political…
EAN Breaking News
Breaking Property News 16/06/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Solving property asset compliance and maintenance issues How Symple transformed property management for the SME Group At SME Group, managing a varied portfolio of residential and commercial properties requires precision, compliance, and operational efficiency. As the Repairs, Maintenance & Compliance Coordinator, ensuring that all properties…
Andrew Stanton
New sellers lower prices in June, encouraging more to buy
New seller asking prices drop by 0.3% (-£1,277) this month to £378,240. This is an unusual dip for June, as new sellers lower their price expectations amid decade-high competition to secure buyers Some segments of the market are performing more strongly than others, with affordability and supply levels key: The higher-priced southern regions and the…
Rightmove
Two-year mortgage deals the lowest they’ve been since 2022 – but will they remain?
New research from Moneyfacts has shown that two-year mortgage deals are at the lowest they’ve been in two years and have also fallen to their biggest margin in over six months. The current average mortgage according to research is at 5.18%, having fallen by 0.14% in the past month. Meanwhile, five–year rates currently stand on…
EAN Breaking News
Horse Guards Parade property prices up 17% since last Trooping the Colour
The latest property market analysis from London’s number one lettings and sales estate agency brand*, Foxtons, has found that it’s not just military prowess on show during Trooping the Colour this weekend, as house prices within the SW1A postcode, home to Horse Guards Parade, have soared by 17.3% over the last year, demonstrating the pedigree…
EAN Breaking News
What landlords need to know about the upcoming Renters Rights Bill
The government’s long-awaited Renters Rights Bill is one of the most significant overhauls of the private rental sector in decades. While it has not yet received royal assent, the legislation is expected to come into effect late this year, or early in 2026. With the bill moving closer to becoming law, Steven Bond, managing director…
EAN Breaking News
Breaking Property News 12/06/25
Daily bite-sized proptech and property news in partnership with Proptech-X. The Renters’ Rights Bill: What Letting Agents and Landlords need to know The Renters’ Rights Bill is shaping up to be one of the most significant pieces of housing legislation in recent memory. As it moves steadily through Parliament, with Royal Assent anticipated in…
Andrew Stanton
Homeward Bound
Homeward bound: 74 per cent house price growth over twenty years and affordability barriers price Brits out of their childhood hometowns House prices across the UK have increased by an average of 74 per cent, over the last 20 years, from £113,900 to £268,200 52 per cent of Brits have said they would consider a…
EAN Breaking News
Growth in mortgage and rental spending slows for third consecutive month in May
Consumer spending on rent and mortgages grew 4.6 per cent year-on-year in May, slower than the 5.2 per cent recorded in April Spending on utilities rose 4.4 per cent, likely as a result of April’s energy price cap changes Seven in 10 of those remortgaging in 2025 anticipate higher costs, estimating repayments will rise by…
EAN Breaking News
£39bn boost for affordable homes programme
Following today’s Spending Review where affordable housing has been allocated £39bn over the next 10 years, here are some thoughts from the Industry. Alex Slater, Rightmove’s housebuilding expert: “Today’s news is a really positive boost for the housebuilding industry and a step in the right direction. There aren’t enough affordable homes, so we welcome any…
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Comment on Today’s Spending Review
Andy Jones, Group Director of Corporate Sales, Lettings & BTR at LRG: While the considerably increased funding for affordable housing is welcomed and will help provide a boost to new homes and affordable housing development, from a property investment perspective I feel that the Chancellor has missed an opportunity to tackle the development viability crisis…
EAN Breaking News
Small builders must be at the heart of the housing solution
The Chancellor’s decision to spend £39bn to boost social housing projects is a welcome move to help tackle the housing crisis, but the delivery of these homes needs to be open to small local housebuilders who are often shut out of the procurement process, says the Federation of Master Builders (FMB). Brian Berry, Chief Executive…
EAN Breaking News