Breaking News
Breaking Property News 31/3/26
Daily bite-sized proptech and property news in partnership with Proptech-X. 2026 Proptech innovation challenge launches The Urban Land Institute invites for entries from innovators in the built environment Press Release – London, UK – March 31, 2026 – The Urban Land Institute (ULI) Europe has called for entries in the 2026 PropTech Innovation Challenge (PIC), inviting…
Andrew Stanton
Mortgage approvals up in February
The latest mortgage approval data from the Bank of England show that: – Mortgage approvals on house purchases for February sat at 62,584 up (3.9%) from 60,246 seen in January. Approvals are down (-3.9%) when compared to the 65,114 seen in February 2025. This annual decline was expected due to wider market slowdown and economic…
EAN Breaking News
Pain for landlords as buy-to-let borrowing costs soar
Buy-to-let fixed mortgage rates are soaring due to unrest in the Middle East, according to Moneyfactscompare.co.uk. Landlords also face further financial challenges over the next few years, to meet new private rental rules. Average buy-to-let fixed rates over a two- or five-year term have risen since the start of March 2026. The two-year rate is…
EAN Breaking News
Breaking Property News 26/3/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Average house prices in England are 7.6 times the median average salary The house-price-to-salary ratios in England continue to see a gradual decline post Covid-19 spike Following today’s release of the ONS Housing Affordability in England and Wales: 2025 data confirming that median average…
Andrew Stanton
Households facing £114 council tax increase
The latest research from eXp UK shows that the average household could see their council tax increase by £114 over the next year following increases of up to £986 over the past ten years. At the beginning of April, the majority of local councils are expected to put council tax up by 4.99% – the…
EAN Breaking News
UK House Price Index for January 2025
The latest index shows that: The average monthly rate of house price growth in January was -0.3%. Average UK house price annual inflation was 1.3% in the 12 months to January 2025. As a result, the average UK house price currently sits at £268,000. Here are some thoughts from the Industry. Damien Jefferies,…
EAN Breaking News
Exchange time reaches 135 days
Property transactions slow as exchange time reaches 135 days — up 45% on 2019 The time it takes to exchange contracts has risen to 135 days — 45% longer than in 2019 and 3% higher than last year — despite a drop in property transactions year-on-year, it emerged today. Novus Strategy, the transformation consultancy for…
EAN Breaking News
Industry response to latest inflation figures and its impact on housing
Industry response to UK inflation remaining at 3%. Nathan Emerson, CEO of Propertymark, comments: “Although inflation has remained steady since last month, it is important to acknowledge geopolitical tensions moving forward, and the effect such pressures may have on many households over the coming months. “Today’s news should help bring a measured sense of consistency…
EAN Breaking News
Foxtons Lettings Market Index – February 2026
Seasonal recovery as improved supply and demand indicates a return of market momentum Lettings market is showing signs of seasonal recovery as we see market activity picking up, with February performance indicating that momentum is returning following a usually quieter winter period. Renter budgets remained broadly stable, averaging £540 per week year to date…
EAN Breaking News
Rightmove expert reacts to ONS figures
Colleen Babcock, property expert at Rightmove, said: “Today’s ONS figures reflect the seasonal uplift we typically see at the start of the year, which mirrors what we’ve already observed in our own January and February data. With the number of homes for sale now at its highest level in over a decade, buyers are benefiting…
Rightmove
Tenancy fraud costing landlords £266m a month
The latest research from LegalforLandlords reveals that tenancy fraud is costing landlords an estimated £266m a month as 70% of those who fall victim to fraud report being unable to retrieve their losses. LegalforLandlords commissioned a survey of UK landlords* and found that 5% report having been a victim of tenancy fraud. This aligns with…
EAN Breaking News
Prime London market activity falls,
The latest market insight from Jefferies London has revealed that the prime London market slowed considerably during the second half of 2025, with average monthly transaction levels falling by 31% compared to the first half of the year. Jefferies London analysed property market transactions across prime London postcodes, looking at the average monthly number of…
EAN Breaking News
The graduate shortage: who will value Britain’s homes in 2030?
According to RICS, the average qualified surveyor is in their mid-fifties. Couple this with new entrant numbers failing to keep pace with retirements, and the profession faces a critical skills gap at the worst possible time. Ryan Mathews, Managing Director of LRG’s Surveyors division, examines why surveying struggles to attract new talent and what needs…
EAN Breaking News
62% of letting agents failing to comply
The latest industry insight from The Letting Partnership has found that while Client Money Protection (CMP) is a legal requirement across the lettings sector, 62% of letting agents are failing to clearly display valid CMP certification on their website, highlighting a growing issue around how compliance is demonstrated to landlords and tenants. The Letting Partnership…
EAN Breaking News
Breaking Property News 23/3/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Will Vistry Group UK’s largest new home developer go under? Has Greg Fitzgerald made all the wrong moves leaving developer on the brink? Vistry Group, under the leadership of Greg Fitzgerald, is facing challenges that go beyond a typical housing market downturn. What may appear…
Andrew Stanton