Comment on the latest ONS rental and house prices index

Co-founder of ideal flatmate, Tom Gatzen, commented:

While rental growth rates across the UK may have slowed, affordability issues remain prevalent across the sector and as more of us remain reliant on renting in order to put a roof over our head, prices will continue to climb.

With the wider market starting to pick back up, more consistent rates of rental growth are no doubt around the corner and the impending tenant fee ban is also expected to cause consequential rental increases.

In addition to the tenant fee ban, changes to stamp duty thresholds and tax relief also reducing supply, it remains an uphill struggle for those priced out of the property market and stuck in the rental sector. Only time will tell as to the long-term extent of these changes but it remains a tough place to be for those struggling with affordability issues.”

Marc von Grundherr, Director of Benham and Reeves, commented:

“Positive signs once again and the latest of a number of industry indicators that suggest the market is returning to good health.

While London continues to struggle a reduction in price growth decline is certainly a step in the right direction and the capital remains the most prestigious region of the UK where house price growth is concerned.

It’s important to note that the capital has also shouldered the majority of Brexit uncertainty, but as we’ve said time and time again, the returns to form are far swifter than the declines and we expect London will be back to full fitness before the year is out.”

Founder and CEO of Springbok Properties, Shepherd Ncube, commented:

“The first positive movement in the rate of house price growth in seven months will be warmly welcomed by homeowners across the UK and with a little help from the seasonal market bounce, it would seem that UK property is shaking off any lingering Brexit uncertainty.

This growth continues to be led by regional front runners with more affordable price tags and this will no doubt continues, however, it’s only a matter of time before we see more widespread growth across the board.

I think as a nation we’ve become bored of Brexit and so with no end still in sight, many buyers and sellers are returning to the fray, with this heightened market activity also helping stimulate price growth.”

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

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…
Read More
Home and Living

Perfume Storage Tips: How to Keep Your Fragrances Fresh

Perfumes are sensitive compositions that can be significantly affected by how they are stored. Proper storage ensures that your favorite fragrances stay fresh and maintain their intended scent profile. In this article, we’ll explore practical, fun, and effective tips to help you preserve your perfumes in perfect condition. Understanding the Sensitivity of Perfumes Perfumes are…
Read More
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…
Read More
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…
Read More
Home and Living

Expert reveals the exact date parents must start renovating in time for summer

Loft and attic renovations are gaining popularity this spring, with nearly 11,000 monthly Google searches, highlighting them as one of the top home renovation projects Brits are planning in the coming weeks. Loft conversion specialist Sally McClean, loft conversion specialist from Enfields loft conversions Rooftop Rooms, shares the exact dates homeowners should start their renovations…
Read More
Breaking News

Nationwide HPI – Annual house price growth steady in March

Annual rate of house price growth remained stable in March at 3.9%, unchanged from February Northern Ireland remained the top performing area, with annual price growth accelerating to 13.5% London weakest performing region, with 1.9% year-on-year rise Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “UK house price growth remained stable in March…
Read More