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UK house prices are on track to edge higher over the whole of 2024, a sign that the housing market is remaining resilient. But what will happen next year and beyond? The Office for Budget Responsibility (OBR) released its latest…

Rightmove is testing a new AI-powered location tool in a small number of areas across Great Britain, that it hopes will help potential buyers learn more about a home’s surrounding location at the point of sending a lead. The new…

Paul McLennan Rent hikes in Scotland could be tied to inflation under fresh proposals put forward by the Scottish government. An amendment to the government’s Housing Bill would see increases restricted to 1% over the Consumer Price Index, a measure…

This week’s UK Property Market Stats Show for the week ending 27 October features Bryan Mansell and myself to discuss the property market headlines for Week 43 of 2024. The main headlines: · Listings (New properties coming on to the…

Headlines Oct-24 Sep-24 Monthly Index* 529.6 529.0 Monthly Change* 0.1% 0.6% Annual Change 2.4% 3.2% Average Price (not seasonally adjusted) £265,738 £266,094 * Seasonally adjusted figure (note that monthly % changes are revised when seasonal adjustment factors are re-estimated) Robert…

There was bad news all round when it came to stamp duty yesterday. While first-time buyers were hit by the government’s decision not to extend the relief on stamp duty for people buying their first home, buy-to-let investors were left…

Almost 22,000 UK estate agency branches have now registered with HMRC for money laundering supervision – an increase of around 1,500 branches in just over a year, according to new analysis from client due diligence platform Thirdfort. Some 21,663 branches…

Estates agents are being urged to brace themselves for a potential surge in property fall throughs in the coming days, as well as renegotiations on already agreed deals, following the hike in the stamp duty rates this morning for those…

The chancellor Rachel Reeves has just announced in her Budget statement that the stamp duty surcharge on additional homes will increase by 2% from tomorrow. Consequently, the stamp duty surcharge will rise from 3% to 5% which will hit landlords’…

Rachel Reeves Chancellor Rachel Reeves’ Budget statement this afternoon highlighted tax hikes for both working individuals and British businesses. She told the Commons that the Budget will raise taxes by £40bn with an approach that she believes will achieve growth…