UK mortgage approvals hit six-month high – industry reaction
A third consecutive monthly increase in mortgage approvals demonstrates that market momentum continues to build
NEWS ARCHIVES
Downsizer enquiries return to pre-pandemic levels
Jackson-Stops estimates that UK downsizers aged over 55 are sitting on £2.9trn in property equity
One in thirteen new homes built in flood zone
Crucially, homes built post-2008 are not covered by reinsurance scheme, Flood Re
Over a third of agents saw rents rise in December
The supply-demand imbalance in the market is placing upward pressure on rental prices
Two thirds of first-time buyers team up to get on housing ladder – Halifax
Some 63% of first-time buyer mortgages taken out between January and December 2023 were in joint names, involving two or more people
Estate agents should not need A-Levels to sell properties – Russell Quirk
Russell Quirk criticises MPs after an ‘astonishingly intellectually vacant’ amendment to the government’s Leasehold and Freehold Reform Bill was tabled by the shadow housing minister
How are 60% of agents surviving on less than four listings a month?
Data shows that just 40% of estate agents listed more than an average of four homes for sale per month last year
Comings & Goings
Snippets of industry news: Savills announces three key director appointments; Hamptons recruits three senior executives; SBK strengthens senior team;
Two estate agencies re-join Relocation Agent Network
By establishing mutually beneficial relationships within the network, the estate agents anticipate increased growth and business opportunities
Collaboration key to success of the Renters Reform Bill
More than half of local authorities in England have not had a landlord forum since 2021