Increase in net mortgage borrowing welcomed with cautious optimism by property industry

Four piles of coins with % signs above them and an arrow pointing upwards

Bank of England monthly statistics show that net borrowing of mortgage debt by individuals increase by £3.1 billion to £5.3 billion in June. Net mortgage approvals for house purchases increased by 900, to 64,200, and approvals for remortgaging were up by 200, to 41,800 – the highest number of approvals for remortgaging since October 2022. […]

Inquiry into access to justice launched by Justice Committee

Big Ben and the Houses of Parliament pictured from across the Thames, with the buildings reflected in the calm water 

The Justice Committee has launched an inquiry into how advice and legal services are adapting to secure access to justice across civil, criminal, and family law. MPs on the cross-party Committee, which is chaired by Labour MP Andy Slaughter, will examine the current state of the legal services and representation market, and access to justice. […]

Average house price ‘has increased 5.3 times more than salaries in a year’

A small toy house is placed to the right of increasingly large piles of coins

Analysis of government data by estate agent eXp UK has found that the average house price in Britain has increased by 5.3 times the rate of earnings in the past year. The current average house price now stands at £271,403, an increase of £10,087 over the last year. The average annual salary has risen by […]

‘High street resurgence’ as retail demand jumps 35%, with office sector up 65%

A busy high street full of shopers on a summer day in Kingston-upon-Thames

Quarterly data collected for Rightmove’s Commercial Insights Tracker has revealed a 35% increase in the demand to invest in retail commercial property compared to the same three-month period a year ago – with demand to invest in the office sector up by 65%. Overall demand to invest in commercial property is up by 20% for […]

A Q&A with Colin Bohanna: What’s next for legal tech?

Colin Bohanna

Following the recent announcement of his appointment, we sat down with Colin Bohanna, the newly appointed managing director of Dye & Durham UK, to learn more about his background, his priorities and his vision for the business. With more than two decades of experience in technology, sales leadership and international strategy – and a genuine […]

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