Property News
Latest news, advice, and insights for UK property professionals
Rightmove: Asking prices rise 0.7% as market shows autumn bounce
Rightmove's latest index shows average asking prices up 0.7% to £367,440, though stock is at a 12-year high and buyer demand remains below last year's levels.
Plymouth estate agency collapse leaves creditor claims above £650,000
Creditor claims have exceeded £650,000 following the liquidation of the company behind Plymouth agency Pilkington Estates, with HMRC owed nearly £400,000.
Buy-to-let returns hit 2,130% over 30 years, Hamptons research claims
Hamptons research claims £1 invested in buy-to-let in 1996 returned £22.30 by 2026, narrowly beating the S&P 500, with 62% of returns from rental income.
Ombudsman Awards Leaseholder £500 After Defective Flooring Repair Dispute
A Property Ombudsman case highlights contractor oversight, communication and complaint handling failures by a property management company after a leaseholder dispute.
Overseas buyers turn to mortgages for luxury UK property purchases
Analysis by Karis Capital shows mortgages of £5m or more rose to 333 last year, with 88% secured against London properties, as wealthy buyers borrow to preserve capital.
Gap between local rents and Local Housing Allowance nears record high
A Resolution Foundation report warns the gap between local rents and Local Housing Allowance rates will hit a record 23.3% in October, affecting over 1.1 million low-income families.
Think Tank Says Over 1.1m Renting Families Hit as Rent-Benefit Gap Widens
The Resolution Foundation claims over 1.1m families in the private rental sector are struggling as the gap between rents and Local Housing Allowance rates reaches a record high.
Rolling Tenancies Gather Pace Rapidly Across Buy-to-Let Sector
A new report suggests rolling tenancies became the norm in May of this year, marking a rapid shift across the buy-to-let sector.
Industry Body Calls for Mandatory Qualifications for Letting Agents
The Lettings Industry Council has called for better regulation of the UK lettings market, proposing a framework to close the 'regulatory gap' and improve accountability.
Propertymark Warns Scottish Council Tax Proposals Could Hit Older Homeowners
Propertymark has warned that proposed new council tax bands in Scotland would place an additional tax burden on homeowners, calling the plans mere tinkering with a system needing fundamental reform.
Wealthy Overseas Families Rent First Before Buying in London, Says Lettings Agency
Benham and Reeves report that wealthy overseas families relocating to London are choosing to rent before buying, using the time to assess neighbourhoods, schools and commutes.
Tenant Demand Rises in London as Landlords Return to Rental Market
Chestertons' lettings index reports rising tenant demand in August as more landlords bring properties to London's rental market, three months after the Renters' Rights Act took effect.