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 Archive
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
Rogue letting agent and landlord fined for overcrowded HMO
The property was managed by an agent on behalf of the landlord, and both parties received fines from the council
High-profile estate agent launches buying arm of UK Sotheby’s International Realty
Having been Foxtons’ highest billing sales negotiator on record, the estate agent has now taken on a new project
Are you prepared for the Renters’ Rights Bill?
The Renters’ Rights Bill aims to deliver Labour’s manifesto commitment to transform the experience of private renting, including by ending Section 21 evictions
Updated environmental reports designed to accelerate property transactions
The new and upgraded environmental reports are designed to help conveyancers advise clients on potential environmental risks more quickly
Interest in housing market hits five-year high
Looking ahead, the path of interest rates remains a key source of uncertainty for the market in the coming year
The Law Commission launches Landlord and Tenant Act consultation
The new review has been commissioned by the Department for Levelling Up, Housing and Communities (DLUHC)
RICS publishes its global sustainability report for 2024
Government warning: 31% of respondents state that a lack of government incentives and policy uncertainty are a main barrier preventing widespread sustainable practices
Thirdfort joins forces with ProConvey to simplify conveyancing onboarding
The partnership aims to help conveyancers speed up transactions
Well-established estate agency becomes employee-owned
Agency signs up to initiative that shifts ownership of the business to its employees
Spray foam insulation continues to make homes unsellable
Mortgage lenders are refusing to lend against properties that have a certain type of spray foam insulation in place