What is currently happening in the UK property market?
Despite the Budget doom monger headlines, UK property market did well last week Source link
House prices fall for the first time in 18 months across southern England
Speculation over property tax changes ahead of the November Budget has contributed to a drop in buyer demand and sales agreed across the country, according to Zoopla’s latest House Price Index. The uncertainty has driven year-on-year falls in house prices…
Agency accelerates expansion with significant acquisition
Eddisons has expanded its South East presence after acquiring Kirkby Diamond in a deal worth up to £8.25m, significantly strengthening the Leeds-headquartered firm’s agency, property management and land development offer. Kirkby Diamond – a £6.2m-turnover outfit employing 62 staff across…
Are you a rent collector or a strategic partner? Because landlords are deciding right now
Rachel Ollington For years, being a letting agent meant managing viewings, collecting rent, and keeping properties ticking over. But in case you haven’t noticed, those days are gone. Today’s landlords are operating in a completely different environment, one that’s more regulated, more…
Council tax raid raises urgent property valuation questions
Properties worth more than £2m in England will face a new annual ‘mansion’ levy from 2028, chancellor Rachel Reeves announced in yesterday’s Budget. The tax, added on top of existing council tax, will rise through four separate bands depending on…
Badenoch warns renters will pay the price for Labour’s war on landlords
Kemi Badenoch Kemi Badenoch has launched a fierce attack on the chancellor after Rachel Reeves unveiled plans to hike property taxes for landlords – a move the Conservative leader says will leave tenants footing the bill. Responding to the Budget…
EYE NEWS UPDATE: Property industry reacts to 2025 Autumn Budget statement
Rachel Reeves Chancellor Rachel Reeves has just concluded her Autumn Budget statement, which includes a new ‘mansion’ levy on properties above £2m from 2028 and a property income tax hike of 2% from 2027. New Mansion Tax charges: This will…
Housebuilder shares rise sharply ahead of Budget announcement
Housebuilder share prices climbed on Tuesday as investors positioned themselves ahead of the chancellor’s Budget, betting that the the construction sector will escape any heavy new taxes and may even benefit from fresh support. The rally underscores…
Gazundering soars as sellers face pressure to accept lower offers
An astonishing 90% of home buyers are attempting to “gazunder” — seeking last-minute reductions in agreed property prices — as the UK housing market remains weak, a well-established property lawyer has warned. Simon Nosworthy, head of residential conveyancing at Osbornes…
EYE NEWSFLASH! Redundancy process under way at well known estate agency
There’s Christmas misery in prospect for some estate agency staff this year, as EYE has learned that a redundancy process is under way at loss-making Purplebricks. EYE understands that a 28 day consultation process started with just…
