House Prices Hit Record High as Market Defies Economic Pressures
In a surprising turn for the UK housing market, house prices rose by 3.9% year-on-year in October, marking a new record high, according to the latest Halifax House Price Index (HPI). The average UK home now costs £293,999, eclipsing the previous peak of £293,507 recorded in June 2022. Despite this record, the rate of annual […]
Record Number of Chain-Free Homes on Market as Landlords Sell Up
In a notable shift within the UK property market, almost one-third of homes currently for sale are now chain-free, according to new data from property website Zoopla. The surge in chain-free listings — which represent 32% of all properties — is largely due to landlords and second-home owners choosing to offload their investments amid changing […]
Rayner Made a £48,500 Profit But Will Stop You Doing The Same Thing
Angela Rayner pocketed a healthy £48,500 when she sold the council house she bought under Right To Buy. In a significant policy shift, Deputy Prime Minister Rayner has proposed restricting the sale of newly built council homes under the Right to Buy scheme, a decades-old initiative that has allowed millions of social housing tenants, including […]
Bank of England Cuts Interest Rate to 4.75%
As expected the Bank of England cut interest rates today to 4.75%, the second interest rate cut of the year and the lowest rate for over a year. 8 members of the committee voted to lower rates and one voted to keep them the same. It is unlikely that there will be any further rate […]