Property News
Latest news, advice, and insights for UK property professionals
Connells Group Reports £500,000 Loss Amid Challenging Market
Connells Group posted a £500,000 loss in the first half of 2026, reversing last year's profit, as revealed by Skipton Building Society. The group cited a weak sales market and ongoing restructuring.
Concerns Raised Over Labour's Approach to Private Rented Sector Reform
A Property118 report questions the Labour government's approach to private rented sector reforms, highlighting a lack of cost calculation for proposed changes.
Tribunal Rules Serviced Office Firm Ineligible for Inheritance Tax Relief
A London serviced office company has been denied inheritance tax business property relief, despite offering extensive services, following a ruling by the Upper Tribunal.
NAO Report Details Royal Property Sub-Letting and Rental Arrangements
A National Audit Office report has revealed that Andrew Mountbatten-Windsor received rental income from sub-letting three cottages on the Royal Lodge estate, and outlined rental arrangements for Princesses Eugenie and Beatrice.
UK House Prices Edge Up 0.1% in July Amid Buyer Caution
UK house prices rose by 0.1% in July 2026, with annual growth slowing to 1.8% as buyers remain cautious about interest rates, according to Nationwide.
Leasehold Reform Urged as New Prime Minister Takes Office
A report highlights ongoing challenges with leasehold properties and calls for the new Prime Minister to prioritise leasehold reform, citing delays and difficulties in sales and management.
Consumer Duty Marks Three Years with Focus on Customer Vulnerability
Three years after implementation, Consumer Duty is entering a new phase with increased regulatory scrutiny and clearer expectations for managing customer vulnerability.
Rightmove Faces £2.3 Million Legal Costs Amid Class Action Lawsuit
Rightmove expects to spend £2.3 million on legal costs this year due to a class action lawsuit alleging unfair fees for estate agents. The case is set for a November hearing.
Majority of Landlords Plan to Sell Properties Within Three Years
A recent Property118 survey finds over two-thirds of landlords expect to sell some or all of their portfolio in the next three years, with many facing higher mortgage repayments.
Northern Labour MPs Urge Land Value Tax to Replace Council Tax
Northern Labour MPs are calling for a Land Value Tax to replace Council Tax, arguing the current system unfairly burdens lower-value properties in the North.
Rightmove Reports Decade-High Agent Retention and Revenue Growth
Rightmove achieved its highest first-half agency retention rate in over ten years and reported increased revenue, with agency membership up 1% and agency revenue rising by 9%.
Rightmove Reports 7% Revenue Growth and Advances in AI Technology
Rightmove's H1 2026 results show a 7% revenue increase and significant progress in AI technology, with new tools supporting higher engagement and valuation leads for agents.