Latest News
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BoE Ratesetter Says More Interest Rate Rises Needed
Catherine Mann is not just any policy maker, she’s one of the Bank of England’s rate-setters. To understand the significance of her recent statements, it’s essential to know her stance on monetary policy. Historically, Mann has been one of the more hawkish policymakers, which means she generally supports higher interest rates to control inflation. Furthermore,…
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Landlords Worse Off Despite Rising Rents
As the property market in the UK continues to evolve, potential property investors must be aware of the changing dynamics that could impact their profits. Rising rents have been a significant concern for both landlords and tenants alike, and recent reports suggest that this trend is set to continue. Despite the projected increase in rental…
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RAAC Crisis – REIT Reactions
Concerns mount as reinforced autoclaved aerated concrete (Raac) is found in numerous public institutions and buildings across the UK. The UK’s largest real estate investment trusts (Reits) and infrastructure trusts are currently conducting inspections of their multi-billion-pound portfolios to identify any presence of reinforced autoclaved aerated concrete (Raac), as concerns surrounding the material continue to…
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Property Experts’ Price Predictions
The Express spoke to several UK property experts to get their thoughts on where the market is heading. The UK housing market has experienced a tumultuous year, with soaring mortgage rates and high living costs creating uncertainties for buyers and sellers. However, there may be hope on the horizon as experts predict that 2024 could…
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Government Won’t be Helping House Prices
Experts predict delay in real-terms growth in property prices, with government unlikely to intervene to boost prices in upcoming Autumn Statement Property prices in the UK are expected to experience real-terms growth in two or more years, as higher mortgage rates and cost of living pressures continue to drive down property values. The latest data…
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Planning Permissions for New Homes Decline, Warning of Decreased Housing Supply
The number of planning permissions granted for new build houses in England has seen a significant decline during the second quarter of 2023, continuing a downward trend that has persisted over the past two years. This alarming data comes from the latest HBF Housing Pipeline report, which relies on information supplied by Glenigan. The report…
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Rents Will Rise 5x Faster than House Prices
Hamptons, a leading estate agent group, forecasts that rents will increase by nearly five times more than house prices by 2026. It predicts a 25% rise in rents between 2023 and 2026, outpacing the average 5.5% growth in house prices during the same period. Rising Rents and Falling House Prices The increase in rents is…
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UK House Building to Slump by 21% as Rate Rises Bite
The housing market in the UK is set to face a significant slump this year, with a report from PwC indicating that house building will fall by 21.1%. This decline is due to the combined effect of rising interest rates and the broader squeeze on the cost of living, which is weakening demand in the…
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Virgin, TSB, Yorkshire BS Slash Mortgage Rates
More lenders are reducing their borrowing costs. This trend comes in the wake of comments made by Bank of England Governor, Andrew Bailey, who suggested that interest rates may have peaked. Let’s take a closer look at the latest mortgage news. Virgin Money – A Good Deal for Homebuyers Virgin Money has made significant cuts…
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London’s ‘Ghost Listings’: The Rise and Implications
London’s housing market has always been a hub of activity, with various trends emerging and receding over the years. Recently, a phenomenon known as ‘ghost listings’ has been catching the eyes of property enthusiasts, buyers, and sellers alike. But what exactly are these listings, and why are they growing in popularity? Understanding ‘Ghost Listings’ Historically,…