Latest News
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Bradford House Prices Take a Dip
Bradford’s housing market has shown worrying signs as the latest figures indicate a significant drop in house prices for February. The average price of a home in Bradford fell to £167,229, a decline of 2.6% compared to January, according to the latest data from the ONS. This decline is part of a broader downward trend…
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London’s Property Plight – House Prices Take a Dive In Affordability Crunch
London’s housing market has been underperforming compared to the rest of the UK for the last eight years, primarily due to sky-high property costs and shifting housing trends post-COVID. The latest figures from February 2024 paint a grim picture, showing a 4.8% decline in house prices from the previous year. This stark downturn is in…
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UK Housing Hotspots – Glasgow, Edinburgh, and Leeds Lead the Way
Certain cities have emerged as the leading lights for UK property sales recently, with Glasgow, Edinburgh, and Leeds topping the list. According to a recent analysis by Lomond, based on government data, these cities have shown the most robust performance in the property market over the past six months. Glasgow Glasgow, Scotland’s largest city, has…
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Foxtons Pushes Ahead with Strong Start to the Year
Foxtons, the well-known estate agency, has kicked off the year with an outstanding first-quarter performance, marked by a 9% increase in revenue reaching £35.7 million. This growth spans all of Foxtons’ operations, aligning perfectly with the expectations set by management. Lettings Market Shows Steady Growth The lettings segment of Foxtons showcased a solid increase of…
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Renters Hunkering Down Longer As Costs Soar
As rental prices rise, new research reveals that tenants across the UK are choosing to remain in their current homes for significantly longer periods than before. According to a recent study by The Deposit Protection Service (DPS), the average length of tenancy has seen a notable increase, extending the time renters dwell in a single…
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UK Property Market – What to Expect in 2024
The UK property market is showing signs of a robust recovery as new sales are currently running 8% ahead compared to last year. Experts predict a 10% increase in sales volumes for 2024 compared to 2023, according to Richard Donnell of Zoopla. The market is finding its balance, resembling the fabled “just right” scenario of…
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Spring Buying, Don’t Let the Blossoms Blur Your Vision
House hunters often miss the red flags that could spell trouble for their new home purchase, in the rush of spring’s appeal. Stacks Property Search experts shared some crucial tips to ensure buyers keep a keen eye during this deceivingly perfect property season. The Spring Effect Spring often paints the perfect picture for sellers to…
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Manchester Emerges as the UK’s Latest Property Hotspot
Manchester has recently been dubbed the UK’s newest ‘property powerhouse,’ following a significant spike in house prices, a trend setting it apart from other major cities, including London. This rise in property values in Manchester, as detailed by Open Property Group, underscores a robust market, contrasted sharply against a backdrop of general market slowdown across…
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Inflation’s Stubborn Grip – UK Rate Cut Hopes Dim
During March, the UK’s inflation rate, as measured by the Consumer Price Index (CPI), saw a slight decrease to 3.2% from February’s 3.4%. Despite this decline, the figure came in above what many economists had predicted, stirring concerns that inflation remains too ‘sticky’ for comfort. This persistent high level suggests that the Bank of England…
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BTL Mortgage Market Sees Changes
Lenders have introduced a range of rate reductions and new product options this week. Here’s a summary for landlords and property investors of the changes that can impact the cost and availability of financing for rental properties. Major Rate Cuts from Shawbrook Shawbrook Bank has adjusted the interest rates across its range of BTL mortgage…