January witnessed a upswing in market activity, with the average number of new prospective buyers per branch soaring by 120% from December’s figures, according to Propertymark’s Housing Insight Report. In terms of new listings, there’s
New data from HM Revenue & Customs has revealed the number of UK residential property transactions in January 2024 was 10% lower than the same month in 2023. The provisional non-seasonally adjusted estimate of the
Recent data from the Bank of England indicates a significant rise in mortgage approvals for January, reaching 55,227, a 7.2% increase from December’s 51,506 and a 40.2% jump compared to January last year, which saw
New research has revealed that the house price premiums commanded by freehold properties has climbed by an average of 6.5% across England and Wales, making them 42% more valuable than a leasehold home. However, leasehold
House prices will remain “steady” between now and next month’s Budget – but demand within the property sector is waiting to “be unleashed”. That’s the view of property expert Jonathan Rolande, who said the market
More than 30 new jobs are set to be created in Coventry after Talbots Law announced a major recruitment drive. The law firm, which acquired Sarginsons Law in May last year, is looking to triple
Rightmove has outlined three areas of reform it would like to see the government introduce in next week’s Spring Budget to support people moving home. The latest data from Rightmove highlighted the disproportionate effect of
New research has revealed that while £154.7bn worth of property was sold across England in 2023, slower market conditions saw this total fall by -48% when compared to 2022, a difference of £141bn. eXp UK
London-based Creative Legals, led by renowned legal expert Julie Condliffe, has announced the launch of a ‘No Sale, No Fee’ legal pack preparation service. This initiative will provide support to sellers navigating the complex landscape
In the forthcoming budget announcement scheduled for March 6th, Chancellor Jeremy Hunt is anticipated to prioritise other fiscal measures over reductions in stamp duty and inheritance tax, reflecting a more restrained approach due to limited
Industry leaders in both real estate and PropTech view AI/Automation and Big Data as the two major gamechangers in the next three to five years, with more than 78% of industry leaders in real estate
Across ten of the world’s busiest housing markets, nowhere does selling a home take longer than in the UK, according to new research. Home Sale Pack analysed the average time it takes to sell a
Winckworth Sherwood has strengthened its residential property and leasehold enfranchisement team with the appointment of partner Leigh Shapiro. Leigh joined the firm in February as a Partner and Head of Leasehold Enfranchisement and Residential Property.
The Competition and Markets Authority (CMA) has published its final report on the housebuilding market in Great Britain – finding that the complex and unpredictable planning system, together with the limitations of speculative private development,
The UK housing market is witnessing a subtle shift in mortgage rates, according to recent data. The average five-year fixed mortgage rate has seen a slight increase to 4.72%, up from 4.62% just a year
The latest financial figures reveal a notable decrease in overall tax receipts, with a £4.1 billion shortfall compared to the previous year, totalling £12.7 billion from April 2023 to January 2024. This downturn primarily reflects
Downsizers in the UK stand to save almost £5,000 – rising to £16,000 in London – if the Government succumbs to pressure to scrap Stamp Duty for downsizers in the upcoming Spring Budget on 6th
In the UK, purchase transactions have taken 23 days longer to get to the point of exchange than in 2019 – from 92 to 115 days – a 25% increase over four years. HM Land
The Prince of Wales, William, has taken a significant step towards mitigating homelessness by committing £3 million to the development of a social housing project on his Duchy of Cornwall property, as reported by The
This week, the Minister for Housing and Building Safety, Lee Rowley, convened a round table of council chief executives to discuss the action they are taking against building owners who are failing to fix medium
HS Conveyancing, the dedicated residential conveyancing specialist launched by law firm Savage Silk, has promoted Ruth Beeton to Director. Ruth, who was been with the business for five years, will oversee the continued growth of
A new study has revealed that Stratford-on-Avon had the most completed new builds in the UK from 2020 to 2023. The study examined building completion rates in various local authorities across the UK between 2020
The Government’s proposal to introduce a new 1% deposit mortgage scheme to help young people onto the property ladder is unworkable in practice and could saddle a generation with risky levels of debt, writes Charlie
The equity release market has “reasons to be cheerful” as increased product innovation combined with expected base rate cuts and gilt rates moving below 4%, provide the foundations for renewed growth, new data from the
PropEco, a pioneering data platform, is changing the way property professionals address climate change’s multifaceted challenges. PropEco aims to streamline the property assessment process by consolidating critical data points into a single, accessible platform. By
The latest market insight has revealed that a quarter of sellers to have transacted in the last 12 months have been subject to gazundering, otherwise known as chipping, with a third (32%) being gazundered within
53% of UK professionals would start looking for a new job if their employer told them they’d have to work more days in the office. With over two-fifths (46%) stating costs associated with returning to
Coodes Solicitors has been shortlisted for a national award. Sarah Cowley, Head of Residential Property, is a finalist in the category Outstanding Business Leader of the Year at the national British Conveyancing Awards 2024. The
The Open Property Data Association (OPDA) has welcomed finova, a cloud-based mortgages and savings software provider, as an associate member. finova is a provider of mortgage sales and originations platforms used by lenders. OPDA is
Local residents will be protected from being pushed out of their communities by excessive short-term lets due to changes in planning rules announced. Under the reforms councils will be given greater power to control short-term
The property market has kicked off 2024 with a flurry of activity, recording significant milestones and showcasing a cautious optimism among buyers, sellers, and industry experts. A comprehensive round-up of recent mortgage and housing market
The Equity Release Council has unveiled updates to its consumer protection standards, following an extensive review and consultations with stakeholders. These updates, mandatory for all member entities, aim to bolster customer safeguards, ensuring comprehensive information