Latest News

Experts hope for rate cut and busier H2 as BoE releases latest mortgage data

Net mortgage approvals for house purchases remained broadly stable at 60,000 in June, according to the latest Bank of England Money and Credit report. On a net basis, individuals borrowed £2.7bn of mortgage debt in June, up from £1.3bn in…

Latest News

Zoopla says housing market ‘hotting up’ as it projects 2024 increase

The UK housing market is “hotting up”, according to Zoopla, with its latest House Price Index showing house prices are on track for a 2% increase in 2024. The index data suggests the housing market is continuing to adjust to…

Latest News

Property giant calls on government to stick with current stamp duty thresholds

Rightmove is urging the government to retain the existing stamp duty thresholds and provide additional help for first-time buyers. The call comes as a new Rightmove first-time buyer study revealed that only 37% of homes for sale will be eligible…

Latest News

Rightmove financial results ‘uninspiring’, says investment expert

Rightmove’s latest financial results have been described as “solid but uninspiring” by a prominent investment expert. On Friday, Rightmove published its half-year results to 30th June 2024, showing revenue up £12.6m/7% to £192.1m, and operating profit of £131.6m, up 2%.…

Latest News

Zoopla boss questions whether being a BTL landlord makes financial sense

Charlie Bryant Charlie Bryant, CEO of Zoopla and its parent company Houseful, has questioned the financial viability of becoming a private landlord in Britain. In an interview with the Telegraph, Bryant pointed out that individual buy-to-let investors are turning away…

Latest News

Software integration aims to save agents time and boost compliance

Agents using Reapit can now access the Moverly material information solution following integration of the software. Moverly said its solution, which part-populates property listings with the required data, can now be accessed in “three clicks” via Reapit’s CRM. The integration…

Latest News

Agents Giving invites property teams to enter Dragon Boat Race

Agents Giving is holding a charity Dragon Boat Race on Sunday 8 September at Fairlop Waters, Ilford, Essex, with Landmark Estate Agency Services as Headline Sponsor. Property businesses are being urged to join in and enter their…

Latest News

Half of ombudsman complaints from London residents

Nearly half (47%) of the cases determined by the Housing Ombudsman in 2023-24 were from residents living in a London postcode. The figure, revealed in the public body’s latest insight report, is disproportionate, given just under one in six homes…

Latest News

Survey points to funding struggles for property developers

Property developers have pointed to funding as their key concern, according to research from Shawbrook. Four in five (77%) of developers said that finding funding was the most complicated aspect of their business, with three quarters (75%) saying there are…

Latest News

Call for new Welsh leader to build bridges with private rented sector

Propertymark has responded to Baroness Eluned Morgan becoming Welsh Labour leader by calling for a renewed focus on “fair rents and adequate housing” and an extension of Help to Buy. With Baroness Morgan set to be confirmed…