London rents rise again as house prices hold: ‘It is nothing short of brutal’ December 18, 2024 Rents in London have continued to show double-digits rises despite a stablisation in the housing market and lower mortgage rates. Average UK private rents increased by 9.1 per cent in the 12 months to November 2024, with rents in London up 11.6 per cent, according to the latest ONS figures. Propertymark chief Nathan Emerson called [...]
Housing market braces for the New Year rush December 16, 2024 The housing market is getting ready for a big Boxing Day bounce following a seasonal dip in house prices this month. New seller asking prices dropped by 1.7 per cent in December to £360,197, according to Rightmove, but ended the year 1.4 per cent above December last year. Activity remained substantially stronger than the same [...]
UK housing market returns to growth as north outpaces south November 29, 2024 Zoopla has predicted positive house price growth in all regions and counties of the UK in 2025, with the north expected to outpace the south. The real estate platform has forecast sales growth at five per cent and house price growth at 2.5 per cent across the UK, with the fastest price increases in Northern [...]
First-time buyers could see huge tax hit under rumored Budget change October 28, 2024 First-time buyers could see huge tax hit under changes rumored to be included in the Autumn budget. It has been rumoured that Chancellor of the Exchequer Rachel Reeves will rule out any changes to stamp duty land tax in the Budget. Stamp duty land tax currently applies to homes costing over £250,000, but in March [...]
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.
London gets even worse for first-time buyers as UK cities ranked September 2, 2024 London has become an even worse city for first-time buyers, according to new figures, but the situation has now stopped people flocking to the capital for the social and career opportunities. The capital has moved down one place to 44th out of 50 in the latest ranking from mortgage provider Aldermore. The study compared cities [...]
Savills: Bank of Mum and Dad to pay out almost £30bn over the next three years August 16, 2024 First-time buyers will receive almost £30bn in financial support from their parents over the next three years as the housing ladder slips increasingly out of reach for independent young buyers. Gifts and loans from the Bank of Mum and Dad totalled £9.4bn in 2023, according to the latest analysis from property firm Savills. This figure [...]
One in three delay buying new home as high costs and interest rates bite August 14, 2024 The saga of first-time buyers trying to get on the UK housing ladder is long and well documented. High interest rates, rising costs and rents which swallow up more than a third of wages – in some parts of the country – have meant that around one in three people have delayed their purchase of [...]