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14 hours ago · Today’s 0.25% reduction and the prospect of further cuts have been warmly welcomed by estate agents and will provide a major boost for both the property industry and the wider economy. And it will be given an even warmer welcome by Labour as it struggles to fulfil its growth pledge. The move comes ...

Jan 16, 2025 · Bets are back on for an interest rate cut next month after inflation surprised many commentators by dropping to 2.5%. The Bank of England is set to announce its latest decision on 6 February, with economists now saying a cut from the …

Oct 29, 2024 · T. he property market stats are a bit ‘wobbly’ this month – Rightmove, Nationwide and Halifax showing a small uptick month on month, Home.co.uk and e.surv showing small falls.. So overall, despite the report headlines being quite upbeat, property prices themselves haven’t really moved that much, consistently anyway, over the last few months.

Daily property news in the UK residential sector focused on estate agents, letting agents, property auctions and property managers.

Jan 8, 2025 · Housing Secretary Angela Rayner (main picture) admits the Government’s 1.5 million new homes target will only be “a dent” in the total number needed. She told MPs that ministers wanted to “move to make housing supply the number one priority” to tackle a crisis. Even if we achieve the 1.5 ...

Dec 5, 2024 · Buyers are using the looming Stamp Duty hike to negotiate better property deals, Hamptons claims. The average buyer who had an offer accepted last month negotiated a median discount of £5,000.

Jan 14, 2025 · Property sellers are seeing the smallest profit gains in nearly 10 years, new figures from Hamptons reveal. The average seller in England and Wales is now making below £100,000 for the first time in three years. Last year, the average household sold their home for £91,820 more than they paid for ...

Jan 28, 2025 · Foxtons has unveiled more impressive results with revenue up 11% and profits up 33% as it makes a strong start to the year. Earlier this month, the London agency revealed its sales pipeline was the best in nearly nine years.. Now, in a trading update it says revenue is up to £163 million (2023: £147.1m) and adjusted operating profit is £19 million (2023: £14.3m), which are both ahead of ...

Dec 29, 2024 · O n top of price rises, all the nation’s key metrics for a healthy property market show an upward trend: more buyers, more sales agreed, more supply coming onto the market, and therefore more properties for agents to sell. This is the ideal ‘virtuous circle’ that seriously helps drive the property market forward. And, off the back of these figures, we will likely see a great start to 2025.