Latest News - Property Reporter
Nov 6, 2024 · Last Wednesday's Budget saw the rate of stamp duty paid on second homes in England rise from 3% to 5% with almost immediate effect. Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements. Breaking news and the top stories from Property Reporter - from mortgages to pensions, it's covered.
How the Future Homes Standard will impact residential developers
1 day ago · 13th November 2024. Residential developers unaware of the incoming Future Homes Standard (FHS) regulations would be wise to get up to speed, and quickly. These new rules mark a seismic change in how new residential developments are regulated, with developers predicted to pay an additional £15,000 to £18,000 per new residential unit to ensure ...
Property market picks up pace following the Budget
1 day ago · The research shows that there are currently some 823,898 homes listed for sale across Britain and 84,065 of those have entered the market since the Autumn Budget alone - a boost of 11.4% in the number of sellers choosing to make their move. Every region of Britain and every major city analysed by Yopa has seen an increase in for sales stock ...
All the latest in property news | Property Reporter
6 days ago · 31st October 2024. Convenience is outpacing personality when it comes to buyer preferences, according to new research. Budget 2024: Property industry reaction. 30th October 2024. Budget 2024: Affordable Homes Programme to get £500m top up. 30th October 2024. The spooky street names impacting property values. 28th October 2024.
UK property market on track for strong post-Christmas activity surge
Nov 5, 2024 · Over the last four years, 55.4% of all homes on the market have found a buyer during Q1 - up from 52.2% in Q4. This demand then climbs to 58.2% on average in Q2 - the highest level of quarterly demand seen throughout the year. This growth in demand pairs with the aforementioned mortgage approval data demonstrating that the spike in mortgage ...
Gap between asking and sold prices narrows - Property Reporter
Jan 18, 2024 · Across the UK, the average sold price in Q3 2023 stood at £289,907, -21.2% below the average asking price of £367,694. While this remains a significant gap, it is the first time the gap has narrowed rather than expanded since Q4 2022. In London, the gap between asking price and sold price sits at -21.9% having also narrowed for the first time ...
UK housing market optimism boosted by interest rate cut
Aug 6, 2024 · Stevenson concluded: “The recent interest rate cut and improving economic indicators provide a much-needed boost to the UK housing market. With increased market confidence, rising prices, and a more affordable borrowing environment, the outlook for the remainder of 2024 is optimistic." The recent interest rate cut by the Bank of England has ...
Could the Autumn Statement derail property market positivity?
Oct 23, 2024 · No surprise then, that 81% of the agents surveyed by GetAgent believe that the upcoming Autumn Statement has the potential to impact the current positive seen across the property market for the worse. Co-founder and CEO of GetAgent.co.uk, Colby Short, commented: “Whilst the new Labour government has been quick out of the blocks with a range ...
Where are England's strongest new build markets?
Apr 5, 2024 · The 1,140 new-builds delivered in 2022-23 are equivalent to 2.4% of the district’s 47,029. New-builds delivered in Stratford-upon-Avon measured 2.3% of all dwellings, followed by South Derbyshire (2.2%), Rushcliffe (2.2%), Vale of White Horse (2.1%), and Milton Keynes (2.1%). As for the actual number of new-build homes, nowhere delivered more ...
Housing supply and demand rebalancing following ... - Property …
Mar 21, 2024 · Housing supply and demand rebalancing following surge of new properties hitting the market. The average volume of properties in England listed for sale month-on-month saw a 58% rise in 2023 compared to 2022.