Open News

Nationwide’s October house price index shows modest growth, with a 0.1% month-on-month increase and an annual rise of 2.4%, although this represents a slowdown from September’s 3.2%. The average property price is now £265,738. Experts warn that recent Budget changes...

Many landlords have been in Halloween mode since Labour swept into power on 4th July, hiding behind sofas, scared to look at the latest headlines forecasting what the Chancellor, Rachel Reeves, would brew up in the Treasury cauldron for her big day on 30 October....

Paul Offley, compliance officer at The Guild of Property Professionals, has controversially encouraged letting agents to view the controversial Renters Rights Bill as an opportunity rather than a threat. He emphasizes that the reform is necessary and beneficial for...

The Bank of England's latest statistics on UK household and business borrowing and deposits reveal key economic trends influencing the country’s financial system. This summary presents the notable changes observed in September, providing insights into mortgage...

Despite a backdrop of strong fundamentals in the private rented sector (PRS), including robust tenant demand, record-high rental yields, and high profitability, landlords are increasingly pessimistic about the future under the current government. The latest research...

Writing in Property118, Mark Alexander comments how stealth taxes are becoming an increasing burden for UK landlords, impacting profitability and ultimately influencing the broader rental market. While high-profile taxes such as Capital Gains and Stamp Duty get the...

Simply Business has released a new report that captures a growing sentiment of uncertainty among UK landlords, highlighting their struggles with rising costs, complex regulations, and new legislative changes. Among the 2,000 landlords surveyed, 71% anticipate a...

Paragon Bank have recently released new report, The factors driving the buy-to-let market in northern England, which showed that in 2014, 46% of buy-to-let mortgaged house purchases were in London and South East. Last year, that fell to 32%. The report underscores the...

Zoopla's latest House Price Index for October indicates that the UK housing market is experiencing its strongest sales activity since the pandemic boom in 2020. Key findings from the report include: Sales Pipeline and Value: The pipeline of sales agreed is the largest...

In a recent article, The New Statesman advocates for a bold housing policy in Rachel Reeves' upcoming Budget, urging the government to introduce a proportional property tax of 0.48% on the updated value of homes. This would replace council tax and stamp duty, aiming...