Interest rates may need to be cut much faster than expected, says Bank policymaker
Deputy governor of the Bank of England warns that Rachel Reeves’s Budget tax raid had introduced “uncertainty to the outlook for the labour market and wider economy”
NEWS ARCHIVES
Budget stamp duty hike on second homes deterring property investors
Second home buyers were recently hit with a stamp duty surcharge rise
New ‘exchange-ready’ conveyancing service aims to speed up transactions
An 18-month pilot was conducted involving several estate agents
Property firms dented by a sharper-than-expected hike in inflation
There are concerns over the impact of this on mortgage rates and subsequent demand in the property market
The Experts Group launches self-employed auction sales network
New network is targeting 100 agents at launch
Propertymark urges government to ‘encourage investment from landlords’
Given the challenges that the housing sector faces, now is the time to encourage investment from landlords, says professional body
UK house prices rise at fastest pace since Feb 2023 – industry response
The average house price in the United Kingdom in September was 2.9% higher than a year earlier, while rents rose 8.7% over the same period
Right to Buy reforms set to exclude more tenants from the scheme
The government wants to cut Right to Buy discounts back to pre-2012 levels and discourage social tenants from selling the homes they have purchased
Rental market prediction: The forecast for the next five years
Will the supply-demand imbalance continue to override affordability in the rental market?
Agents must prepare for stricter anti-money laundering rules
The new guidance published by the government can be viewed here