Confidence in UK Housing Market Falls to Six-Month Low
Confidence in the UK housing market has dropped to a six-month low, with only 24% of buyers feeling positive amid rising property prices and looming stamp duty changes, according to the latest Barclays Property Insights report. The report highlights increasing concerns among renters, with more than half (51%) citing property prices as the biggest barrier […]
House Prices Plunge As Council Targets Second Homes
House prices in Gwynedd have plummeted by more than 12% in a year, following a series of aggressive measures introduced by the local council to curb the proliferation of second homes and holiday lets. According to data from the Principality Building Society, the drop is the steepest recorded in Wales, significantly outpacing the largely stable […]
Tenants Forced To Move As Landlords Exit Rental Market
Almost one in five tenants have been forced to relocate five times in under five years due to landlords leaving the rental market, new research from Cornerstone Tax has revealed. The study found that 19% of renters have had to find new accommodation through no fault of their own, as landlords either sell up or […]
Estate Agent Calls for Probe into Rightmove’s Pricing Practices
An independent estate agent has launched a petition urging authorities to investigate property portal Rightmove over alleged anti-competitive pricing. Shaun Adams, owner of Cooper Adams estate agency in East Preston, has called on the Competition and Markets Authority (CMA) to examine whether Rightmove is abusing its dominant market position by imposing excessive price increases. “Despite […]
Landlord Repossession Claims Surge as Section 21 Ban Looms
Paul Shamplina, founder of Landlord Action, has issued a stark warning following the latest landlord possession figures released by the Ministry of Justice, predicting that Section 21 claims will reach record levels in 2025. With landlords racing to repossess properties before the impending ban takes effect, mounting court delays, and increasing pressure on local authorities, […]
Government Ramps Up Support For First-Time Buyers
The Government has unveiled a new permanent mortgage guarantee scheme as ministers ramp up efforts to support first-time buyers (FTBs) amid growing concerns over affordability in the housing market. The initiative comes as many FTBs scramble to secure homes before a scheduled stamp duty increase at the end of next month. Those who miss the […]
Call to Fast-Track Renters Rights Bill as Evictions Surge
A leading property lawyer has urged the government to accelerate the passage of the Renters Rights Bill, warning that delays are fuelling a rise in no-fault evictions. The bill, currently moving swiftly through the House of Lords and expected to become law this spring, should be expedited to protect tenants, according to Sarah Taylor, a […]
UK Housing Market Hits Record High, Now Worth Over £9 Trillion
The total value of all homes across the UK has surged to a record-breaking £9.10 trillion, according to new research by property firm Savills. This milestone comes after a period of decline in 2023, when the total value of the country’s housing stock fell for the first time since 2011, dropping by £22 billion. However, […]
Record Number of Landlords Selling Up, Deepening Housing Crisis
A record number of landlords are selling off rental properties, further squeezing the supply of homes and driving up rents, new research from the National Residential Landlords Association (NRLA) has revealed. Data from the final quarter of 2024 shows that 26% of landlords sold at least some of their rental properties last year, surpassing the […]
Landlords Face £21.6bn Bill to Meet Labour’s EPC Rules
Private landlords across England and Wales could be hit with a staggering £21.6 billion bill to comply with Labour’s new energy efficiency standards, according to property consultancy Knight Frank. Under the new Minimum Energy Efficiency Standards (MEES), announced last week by Energy Secretary Ed Miliband, all private rental properties must achieve a minimum Energy Performance […]