Breaking News
Landlords Selling up Growing Challenge for Tenants
The number of households in the private rented sector at risk of homelessness due to landlords selling up has increased by a third since the end of last year. The analysis by the National Residential Landlords Association (NRLA) highlights the need to encourage responsible landlords to stay in the market. According to government data, between…
EAN Breaking News
Halifax House Price Index November 2024
House prices in November 2024 were 4.8% higher than the same month a year earlier. House prices increased by +1.3% in November, a fifth consecutive monthly increase Property prices are up +4.8% on an annual basis (vs +4.0% last month) Typical property now costs £298,083, a new record Northern Ireland continues to record the strongest…
EAN Breaking News
Zoopla reveals buyer behaviour in Property for 2024
2024 in Property: Zoopla reveals buyer behaviour and user trends over the past 12 months, after the busiest sales pipeline in four years Disney-themed property in Wales is the most viewed property on Zoopla in 2024 with 219,000 views The average time to sell in 2024 was 33 days, down from 34 days in…
EAN Breaking News
UK Government’s ambitions for removing unsafe cladding
As at the end of October 2024, there are 4,834 residential buildings 11 metres and over in height identified with unsafe cladding whose remediation progression is being reported on in this release, an increase of 13 since the end of September 2024. Since the department first began reporting on all five remediation programmes in October…
EAN Breaking News
Rightmove’s weekly mortgage tracker – 5/12/24
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
Barclays: Rent and mortgage spending reaches 14-month high
Rent and mortgage spending reaches 14-month high, as over half of Brits worry about the impact of rising rent or mortgage costs Growth in rent and mortgage spending increased 8.2% year-on-year last month, reaching a 14-month high, according to the latest Barclays Property Insights report. When asked about their household expenses, four in 10…
EAN Breaking News
Woodbridge in Suffolk crowned happiest place to live
Woodbridge in Suffolk has topped Rightmove’s annual list of the happiest places to live in Great Britain for the first time The study, now in its 13th year, was completed by over 35,000 people across Great Britain, and asked residents how they feel about a number of factors in their area The London borough…
Rightmove
Dangerous Cladding – Questions raised by Remediation Acceleration Plan
The government has published its Remediation Acceleration Plan, and pledges that dangerous cladding will be fixed on all high-rise buildings on Government schemes within the next five years. The plan sets out that by the end of 2029, all buildings over 18 metres tall – defined as high-rise – with unsafe cladding that are on a Government…
EAN Breaking News
Breaking Property News 02/12/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Letting agents partner with tlyfePRO and access rent ready qualified tenants for free As we reach the end of Q4 and a New Year approaches, I caught up with Adam Pigott, CEO and co-founder of tlyfe the tenant cycle App (Openbrix) to find out the final scores…
Andrew Stanton
Annual house price growth rebounds in November
UK house prices rose 1.2% month on month Annual growth rate rebounded to 3.7%, from 2.4% in October – fastest since November 2022 House prices now just 1% below all-time peak Headlines Nov-24 Oct-24 Monthly Index* 536.6 530.4 Monthly Change* 1.2% 0.1% Annual Change 3.7% 2.4% Average Price (not seasonally adjusted) £268,144 £265,738 * Seasonally…
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25% house price premium in National Parks
25% premium for a property situated within a National Park 7% premium for a property within 5km of a National Park 15% premium for a property located in an Area of Outstanding Natural Beauty (AONB) Commenting on the figures, Andrew Harvey, Nationwide’s Senior Economist, said: “National Parks continue to be highly desirable areas to live…
EAN 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…
EAN Content
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…
EAN Content
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