Labour’s 1.5m homes target faces delivery shortfall
The UK government has delivered just over 300,000 new homes in the first 18 months of the current parliament, falling nearly a third short of the pace required to meet…
Shadow housing secretary receives eviction notice
Shadow Housing Secretary Sir James Cleverly has disclosed that he has been served with an eviction notice from his landlord, who is selling the property he rents. The Conservative MP…
Foxtons reports 35% sales revenue decline in Q1 2026
London-based estate agency Foxtons has reported a 35% decline in sales revenue for the first quarter of 2026, as weakened buyer demand and elevated mortgage costs reduced transaction volumes. The…
Specialist lender provides £3m for Pembrokeshire homes
Pallas Capital has provided a £3 million residential development loan for the construction of 10 homes in Roch, Pembrokeshire, as part of a build-to-sell housing scheme. The 20-month facility is…
Foxtons reports 35% sales decline amid market uncertainty
London-based estate agency Foxtons has reported a 35% decline in sales revenue for the first quarter of 2026, with total group revenue falling 10% to £39.6m as market conditions deteriorated.…
Price reductions surge as sellers face challenging market
The number of homes undergoing asking price reductions has increased by 10.8% year on year, according to analysis of TwentyCI data by House Buyer Bureau, a quick-sale property company. The…
Tenant photographed sleeping in HMO property listing
A tenant was photographed and filmed whilst asleep in bed as part of marketing materials for a six-bedroom HMO property listed for sale in Penrith, Cumbria, with a guide price…
Property valuations face increased HMRC scrutiny
HMRC has significantly increased its scrutiny of property valuations submitted in inheritance tax returns, with referrals to the Valuation Office Agency rising by 23.5% in the past year, according to…
Lomond acquires Clyde Property Group in Scottish expansion
Property group Lomond has acquired Clyde Property Group, including its subsidiaries Burgh Property and Cathedral Estates, in a move that strengthens its presence across Scotland. The acquisition adds to Lomond’s…
UK property sales down 6.7% year-on-year amid overvaluing
UK residential property sales have declined 6.7% year-to-date compared to the same period in 2025, with 368,000 homes sold subject to contract by mid-April 2026, according to market data analysed…