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2 days ago · Last Wednesday's Budget saw the rate of stamp duty paid on second homes in England rise from 3% to 5% with almost immediate effect. Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements. Breaking news and the top stories from Property Reporter - from mortgages to pensions, it's covered.
All the latest in property news | Property Reporter
Nov 8, 2024 · 31st October 2024. Convenience is outpacing personality when it comes to buyer preferences, according to new research. Budget 2024: Property industry reaction. 30th October 2024. Budget 2024: Affordable Homes Programme to get £500m top up. 30th October 2024. The spooky street names impacting property values. 28th October 2024.
Monthly property transactions break 100k barrier for first time …
Oct 9, 2024 · The latest research by estate agent comparison site, GetAgent.co.uk, has shown that whilst market confidence has grown considerably since the Bank of England decided to hold the base rate at 5.25% in September last year, this positivity is only just filtering through with respect to transactional volumes, with the number of monthly sales completing across the UK property market tipping the ...
Opportunity or risk: How will 2023 play out for the UK property …
Jan 19, 2023 · 71 per cent of agents concerned about unreasonable price expectations. Sales agents’ greatest concern for sellers in 2023 was being unrealistic in terms of price achievable (71 per cent). 48 per cent were concerned about increasing conveyancing times and 41 per cent were concerned about the impact of sales falling through on their vendors.
House sales at highest levels seen in four years: Zoopla
Oct 28, 2024 · Sustained growth in new sales over 2024 has led to the largest sales pipeline the market has seen for four years. Zoopla’s analysis reveals that there are currently 306,000 homes working their way through the buying process to completion, 62,250 (26%) more than 12 months ago. The total value of these sales has hit £113bn, 30% higher than ...
Gap between asking and sold prices narrows - Property Reporter
Jan 18, 2024 · Across the UK, the average sold price in Q3 2023 stood at £289,907, -21.2% below the average asking price of £367,694. While this remains a significant gap, it is the first time the gap has narrowed rather than expanded since Q4 2022. In London, the gap between asking price and sold price sits at -21.9% having also narrowed for the first time ...
Levels of for sale stock rising across 90% of the market
Feb 29, 2024 · eXp UK analysed the level of for sale stock held across the market in England and which county has seen the largest year-on-year increase in this respect (Q4, 2022 vs Q2, 2023 - latest available), highlighting where proactive agents are ready to hit the ground running in 2024 as market conditions continue to improve.
Property Reporter's Top Ten of 2023
Dec 27, 2023 · We start our top ten of 2023 with this piece from Cat Armstrong at Dynamo for Intermediaries who explored the notion that keeping off the government's radar during a Budget isn't necessarily a bad thing. No news is always an editor's worst nightmare, but sometimes it's a blessing for landlords. 10 ...
Autumn budget mustn't undermine housing recovery
Oct 21, 2024 · Next week’s Autumn Budget will be Ms. Reeves’ first major test as she faces a challenging balancing act in an attempt to deliver economic stability and kickstart sustainable growth. The property market is keeping a close eye and hoping it won’t undermine its recovery. Rachel Reeves is preparing the first big outing for HM Treasury’s red ...
UK housing market optimism boosted by interest rate cut
Aug 6, 2024 · Stevenson concluded: “The recent interest rate cut and improving economic indicators provide a much-needed boost to the UK housing market. With increased market confidence, rising prices, and a more affordable borrowing environment, the outlook for the remainder of 2024 is optimistic." The recent interest rate cut by the Bank of England has ...