Property industry reacts to Rishi Sunak becoming prime minister
Rishi Sunak, as the new prime minster, has a task on his hands and must get his feet under the table quickly.
News Archive
Housing market outlook: What to expect in 2023
What is the outlook for property prices, transactions and the letting market next year?
Interest rate hike could be lower than expected as markets rally
The lower expected rate is likely to mean cheaper mortgage repayments for homeowners.
Conveyancers urged to prepare for ‘significant fall in work volumes’
The Council for Licensed Conveyancers (CLC) has told the firms it regulates to be ready for the worst, as housing market activity slows.
Estate agency calls for businesses to check business rates now
While energy costs may overtake business rate concerns, more immediate savings can be found from rate checks.
Inflation higher than house price growth for 19th year since 1972, says study
The cost-of-living crisis has driven inflation to a 40-year high, exceeding the current rate of house price growth.
Property Redress Scheme is looking for agents to join their member panel
The Property Redress Scheme (PRS) is launching a new member panel, bringing forward a new forum designed to benefit members.
OTM joins forces with The Able Agent to provide discounted agency training
As part of the partnership, The Able Agent will deliver four free online “Inspiring Property Professionals” courses, open to all OnTheMarket agents over the next 12 months.
LRG white paper examines suburban future for Build to Rent
Leaders Romans Group has launched a white paper focusing on the future evolution of the Build to Rent market.
NRLA announces minister for PRS as keynote speaker
The NRLA has announced new speakers for the National Landlord Conference.
NEWSFLASH: Rishi Sunak wins Tory leadership race to become Britain’s next prime minister
Penny Mordaunt pulled out of the contest to lead the Conservative Party at 2pm.
EYE NEWSFLASH: Purplebricks to make redundancies ‘across the organisation’
Purplebricks says over the course of today, staff members will be invited to a meeting to inform them whether the redundancy process affects their position.
UK housing market remains ‘steady’ despite economic uncertainty
Latest data reinforces why the property market is famed for its resilience.
Pound extends gains as Rishi Sunak poised to become new prime minister
The pound extended gains this morning after Boris Johnson dropped out of the race to be the next Conservative Party leader, and Rishi Sunak moves a step closer to Downing Street.
Landlords forced to raise rents to meet mortgage affordability criteria
A number of buy-to-let landlords will be forced to raise their rents to prevent their properties from being un-mortgageable amid increasing interest rates.
Ex-agent urgers renters to claim compensation from ‘rogue landlords and letting agents’
Letting agent Ajay Jagota has launched a free legal service aimed at tenants.
Singing estate agent makes it into the final of The Voice
Estate agent Mark Howard impressed the judges with another incredible performance.
Rent-freeze policy branded ‘meaningless’ after watchdog advises landlords to hike rents
The Scottish government freeze officially ends in March 2023 – though they have powers to extend it.
BTL landlord fined £12,400 after inspectors shut down unlicensed HMO
Inspectors found people living in shocking conditions in an overcrowded HMO.
Number of buy-to-let ‘limited companies’ surpasses 300,000 for first time
The total number of companies set up to hold buy-to-let property has doubled since 2017 and now stands at more than 300,000.