Happy Cost of Rent Day Londoners – for the rest of the year your money is yours May 27, 2025 With the average London tenant needing to work 146 days a year just to pay off their rent, today marks a miserable milestone, writes Sebastian Charleton.
How to fix the housing crisis? We’ve told the government again and again and again May 23, 2025 I’m a London estate agency chairman – and I’m tired of talking about the same housing problems every month, writes Simon Gerrard.
Is this the end of the private landlord? May 20, 2025 There has been a sharp divergence in the attitudes of private and professional landlords as new regulations continue to upend the sector, according to new data. While private landlords continue to become more negative – and threaten to leave the sector in droves – professional landlords are, dare we say, genuinely optimistic about the prospects [...]
Rightmove: Lower mortgages and browsing Brits boost property portal May 9, 2025 Property platform Rightmove has benefitted from a more optimistic housing market as mortgage rates fall, with buyer demand and property listings both up. The FTSE100 company, which is home to over 80 per cent of all consumer time spent on UK property portals, said new property listings rose nine per cent in the first four [...]
London prime property sales resilient despite economic headwinds May 6, 2025 London’s prime property market has remained stable year on year despite significant headwinds, according to a major real estate firm. There were 93 sales above £5m in the first three months of the year, on par with the 92 in 2024, Savills found. Overall values also held up, with total values for houses between £10m [...]
Buyer’s market keeps house prices in check in February March 26, 2025 House prices rose by less in March as the number of homes on sales rose faster than demand, according to fresh data. The average house price in the UK ticked up by 1.8 per cent in February versus 1.9 per cent in March, while the number of homes available rose 11 per cent year on [...]
UK housing market returned to growth in 2024 March 17, 2025 The value of the UK housing market returned to growth last year after mortgage rates dropped and affordability constraints eased. According to Savills, the total value of the UK housing market expanded by 6.3 per cent in 2024 to £379bn. The increase in spending on housebuying was fuelled by first-time buyers, who collectively increased their [...]
Mortgage approvals up a fifth since January last year March 3, 2025 Mortgage approvals rose 18 per cent year on year in January after interest rate cuts improved affordability. Mortgage approvals sat at 66,189 in January, up 18 per cent from 55,941 in January 2024, according to ONS data. “UK homebuyers appear to have begun the year on the front foot,” CEO of specialist lender Octane Capital, [...]
Brits spent 31,000 years on Rightmove in 2024 February 28, 2025 Property-obsessed Brits spent 16.4bn minutes searching on Rightmove last year, which the platform has used to underpin a financial performance in a “class of its own”. Rightmove swallowed up 80 per cent of all consumer time spent on UK property portals in 2024, with almost 9,400 property views every minute. The UK’s enduring fascination with [...]
First-time buying pushes house prices up ahead of stamp duty deadline February 28, 2025 First-time buyers continued to drive the housing market in February as they rush to purchase homes before the end of the stamp duty holiday at the end of March. The annual rate of UK house price growth was 3.9 per cent in February, compared with 4.1 per cent in January. House prices rose by 0.4 [...]