Industry News

Rightmove has just published their recent Market survey.   It can be seen here, and in summary: Current Market Trends Seller Asking Prices Average new seller asking prices have dropped by 0.4% (-£1,617) this month to £373,493. This larger-than-usual July drop...

In a significant move aimed at reforming the private rented sector (PRS) and addressing housing needs, the newly established Ministry of Housing, Communities & Local Government has appointed five new housing ministers, including a landlord with direct experience...

The sentiment among surveyors and estate agents about sales volumes has reached its most optimistic level in over two years, according to the June RICS Residential Market Survey. This newfound optimism follows a period of subdued activity leading up to the General...

Recent research by Propertymark highlights several factors contributing to significant delays in property transactions. The findings indicate a troubling trend, with a steep decline in the percentage of sales progressing from offer to exchange within 12 weeks—from 78%...

The Regulator of Social Housing (RSH) recently identified significant issues concerning tenant safety and living conditions across five social housing landlords. These findings highlight the failure of these landlords to meet the new consumer standards introduced by...

Propertymark has issued a stark warning to the government that abolishing Section 21 could overwhelm the court system, potentially becoming the "final nail in the coffin" for many landlords due to increased costs and lengthy delays in the judicial process. Potential...

Recent news has provided conflicting signals about the impact of Buy-to-Let (BTL) mortgage rates on landlords, leading to understandable concern and uncertainty about the future of property portfolios. After dropping to 5.5% in February, BTL mortgage rates have been...

Labour is at risk of missing its target of delivering 1.5 million new homes within this parliamentary term without an emergency cash injection into the affordable housing sector, according to providers. Housing associations and councils have expressed their concerns...

Propertymark, the trade body for property professionals, has expressed a cautious and somewhat skeptical response to Labour's ambitious housing goals. Here are the key points and concerns highlighted by Propertymark: Key Points Housing Target Challenge: Labour's...

The Royal Institution of Chartered Surveyors (RICS) has responded positively to the Labour government's ambitious housing plans but has raised concerns about certain proposals. Here's an overview of the key points from RICS and Labour's commitments: RICS Response...