Property and the Spring Statement: Is anything going to change? March 24, 2025 Labour faces some tough choices with its Spring Statement: after increasing business taxes and public spending last autumn, the government now has to grapple with unhappy companies and a maxed-out credit card. The last budget was a mixed bag for the property market: there was widespread concern amongst landlords that the government would hike up [...]
The end of stamp duty relief isn’t the only cost going up for first-time buyers February 11, 2025 First-time buyers (FTBs) are facing higher costs across the board as they grapple with not only high stamp duty fees, but a low stock of affordable houses, more stringent lending requirements and higher upfront costs. First and foremost, stamp duty relief is set to end on March 31, which has driven a significant boost in [...]
Property analysts forecast strong spring as stamp duty deadline looms January 10, 2025 Activity in the UK’s property market closely followed government policies on tax last year, something set to continue as the reality of the stamp duty deadline sinks in for first-time buyers. Real estate experts have predicted a burst of activity in early spring ahead of the end of stamp duty relief for first homes, which [...]
London rents rise again as house prices hold: ‘It is nothing short of brutal’ December 18, 2024 Rents in London have continued to show double-digits rises despite a stablisation in the housing market and lower mortgage rates. Average UK private rents increased by 9.1 per cent in the 12 months to November 2024, with rents in London up 11.6 per cent, according to the latest ONS figures. Propertymark chief Nathan Emerson called [...]
Housing market braces for the New Year rush December 16, 2024 The housing market is getting ready for a big Boxing Day bounce following a seasonal dip in house prices this month. New seller asking prices dropped by 1.7 per cent in December to £360,197, according to Rightmove, but ended the year 1.4 per cent above December last year. Activity remained substantially stronger than the same [...]
UK housing market returns to growth as north outpaces south November 29, 2024 Zoopla has predicted positive house price growth in all regions and counties of the UK in 2025, with the north expected to outpace the south. The real estate platform has forecast sales growth at five per cent and house price growth at 2.5 per cent across the UK, with the fastest price increases in Northern [...]
First-time buyers could see huge tax hit under rumored Budget change October 28, 2024 First-time buyers could see huge tax hit under changes rumored to be included in the Autumn budget. It has been rumoured that Chancellor of the Exchequer Rachel Reeves will rule out any changes to stamp duty land tax in the Budget. Stamp duty land tax currently applies to homes costing over £250,000, but in March [...]
Purplebricks boss: Rental market is ‘completely broken’ and is a ‘disaster for first-time buyers’ October 15, 2024 The rental market is "completely broken" and is a "disaster for first-time buyers", the boss of Purplebricks has said.
London gets even worse for first-time buyers as UK cities ranked September 2, 2024 London has become an even worse city for first-time buyers, according to new figures, but the situation has now stopped people flocking to the capital for the social and career opportunities. The capital has moved down one place to 44th out of 50 in the latest ranking from mortgage provider Aldermore. The study compared cities [...]
Savills: Bank of Mum and Dad to pay out almost £30bn over the next three years August 16, 2024 First-time buyers will receive almost £30bn in financial support from their parents over the next three years as the housing ladder slips increasingly out of reach for independent young buyers. Gifts and loans from the Bank of Mum and Dad totalled £9.4bn in 2023, according to the latest analysis from property firm Savills. This figure [...]