Summer slowdown sends prices down £10,000
The typical asking price of properties has dropped by £10,000 in just three months, pointing to a buyers’ market where it’s possible to haggle on price. The average price has…
More people remortgaging rather than buying
The number of remortgagors in July nearly matched new property purchases. Data from Twenty7tec demonstrates that more people are refinancing rather than climbing the property ladder. In July advisers handled…
Tenant demand strongest in Yorkshire
Four in five (81%) landlords across Yorkshire & the Humber are experiencing strong tenant demand, indicating that there’s strong competition for every property in the region. In contrast, London and…
Calls for Italian-style ‘investor visa’ in UK
The CEO of an organisation representing individual investors, advisers and businesses has called for an Italian-style flat tax for investors. Leslie McLeod-Miller warned about changes to the non-dom tax regime,…
Landlord repossessions up 11% year-on-year
Buy-to-let mortgage repossessions are up by 11% year-on-year, data from UK Finance shows. Some 790 buy-to-let mortgaged properties were repossessed in the second quarter, which is at least 2% fewer…
Leasehold system blocking landlords from buying or improving flats
Leasehold structures are limiting upgrades and pushing landlords away from buying flats, research from Leaders Romans Group (LRG) shows. Some 46% of landlords with leasehold flats say their biggest challenge…
More new builds selling in London
London’s new build market bounced back in the first half of the year, as there was a 16.5% increase in new homes selling in the capital year-on-year, Foxtons analysis shows.…
RICS: Housing activity softens – PropertyWire
Enquiries and sales both declined in July, signalling that we are currently experiencing a slower housing market. New buyer enquiries dropped by a net -6% while a net -16% saw…
Rental stock rises despite Renters’ Rights Bill concerns
Fears of a mass landlord exodus ahead of the Renters’ Rights Bill becoming law have yet to materialise, analysis from London lettings and estate agent Benham and Reeves has revealed.…
Trump factor warding off Brits from moving to the US
Fewer Brits are moving to the United States since Donald Trump stared his second term in late 2024. Since then, there’s been a dramatic 67% decline in Brits enquiring about…