Zoopla highlights the significant impact of higher mortgage rates on house price growth, presenting figures that underscore the strain on affordability in the UK housing market. The average home buyer utilizing a 70% loan-to-value mortgage faces annual mortgage...
The latest data from Halifax showed that house prices jumped by nearly 2% over the last year, industry data, driven by demand for smaller homes. Annual property price growth reached 1.9% in February, to £282,430, a notable recovery from October’s low of -4.1%....
The launch of the pilot scheme for Making Tax Digital (MTD) today (April 22nd 2024) by HMRC marks a significant step in the implementation of quarterly reporting for landlords and the self-employed. This initiative, which is set to be fully introduced in April 2026,...
The potential stamp duty cut being planned by Chancellor Jeremy Hunt, as reported in various newspapers, could have significant implications for the housing market if implemented. Increasing the threshold at which homebuyers pay stamp duty from £250,000 to £300,000...
Buoyant sales of large homes helped drive house prices to their highest level in 12 months, figures on Monday showed. The Rightmove house price index revealed the average asking price of property coming to the market in April rose by 1.1% or GBP4,207 month-on-month,...
Strong revenue growth underpinned by significant Sales market share growth and Lettings growth from acquisitions. Entered Q2 with the Sales under-offer pipeline at its highest level since the 2016 Brexit vote which, alongside the backdrop of an improving sales...
The Open Property Group's analysis indicates that buy-to-let investors across England and Wales have been reducing the size of their portfolios, with the average investor now owning 8.5 properties, down by 1.6% over the past year. This trend is particularly pronounced...
The latest official government rent index reveals that average private rents across the UK increased by 9.2% in the 12 months leading up to March 2024, a slight uptick from the 9.0% increase recorded in the previous 12 months to February 2024. The average monthly...
The annual decline in UK house prices slowed to 0.2% in February, marking its lowest rate of decrease in eight months, according to the Office for National Statistics. At the same time, rent inflation surged to a record high. The average house price in February stood...
The UK House Price Index indicates a slight decrease of 0.2% in house prices between February 2023 and February 2024. However, on a seasonally adjusted basis, average house prices increased by 0.7% between January 2024 and February 2024. House prices experienced...
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The abolition of the furnished holiday lettings (FHL) tax regime, confirmed earlier this week, will significantly harm...
Rate cut squeaks through in super-tight decision The Bank of England has cut the base rate from 5.25% to 5% The Bank...