Rightmove predicts positive property market in 2025 Property Rightmove has said it sees a “positive outlook” for the property market next year as it updated its forecasts for the whole of 2024. The FTSE 100 company has upped its 2024 revenue guidance to around £390m, reflecting seven to nine per cent growth and in line with previous market expectations. Rightmove now expects average [...]
London house prices gloom revealed but owners set for £84,000 boost Property The average home in Britain will be £84,000 more valuable in five years’ time, according to a new forecast, but London house prices will grow slower than anywhere else in the UK. Real estate giant Savills has said it expects the typical property value to reach £442,000 by the end of the period to 2029, [...]
Chancellor to cut back Right to Buy discounts in Budget Politics The Chancellor will cut back Right to Buy discounts as part of next week’s Budget to boost council housing supply. Rachel Reeves will announce plans to consult on a new five-year social housing rent settlement and to reduce Right to Buy, which allows tenants renting local authority-owned homes to buy them at a discounted rate, [...]
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.
Renters set for more tough times as house sales strengthen October 10, 2024 The latest RICS Residential Survey has provided a lot of optimism for house buyers and sellers, but less for tenants, who are set to contend with an even tougher market. The survey, which asks estate agents for their opinion on the housing market, found a “sustained improvement in market activity”, with measures of demand, sales and [...]
Not ‘much to be optimistic about’ in London rental market October 3, 2024 Pressure on the rental market continues to build this autumn despite a cooling market earlier in spring, with more landlords selling up and more tenants looking for short-term homes, according to fresh data. More than three-quarters of agents have seen an increase in the number of tenants searching for properties, while more than half of [...]