UK Property News Recap – 17.01.2025
This week, developers were eager to inform shareholders and anyone who would listen that they had made up some lost ground in 2024, while prime central London property prices decreased, along with the long-term profit accrued from years of ownership. House prices continued to slowly recover while rents alongside interest
UK Property News Recap – 10.01.2025
Rates continued to dominate the property headlines this week, whether due to their fallout, the lack of consistency, or how they will dictate market activity and prices this year. First-time buyers, unable to wait for the promise of better rates to materialize, are hoping to make up for it by
UK Property News Recap – 03.01.2025
After the holiday break, this short week served as a time for sober reflection and looking ahead to the year to come. The consensus among lenders and estate agents is that house prices are inching closer to the peaks of 2022 but still have some ground to cover. To offset
UK Property News Recap – 20.12.2024
This week, rates held firm, asking prices wobbled, rents were forthright and targets appeared movable. Welcome to another UK Property News Recap - 20.12.2024 Making 1.5m new homes possible Labour’s ambitious housing targets came up against a lot of pessimism from councillors, claiming they weren’t scared of direct control from the government
UK Property News Recap – 13.12.2024
This week was heavily focused on redrawing planning lines, to better house future generations. Expectations for a bullseye were low but dogged belief and determination to boost housing supply left the government impervious to objections. Developers, who had a shocking year, are pleased but many won’t act until borrowing comes
UK Property News Recap – 06.12.2024
This week, PM Keir Starmer felt the need to start campaigning for the next election early after a rocky start. There was no Edstone but there were 6 milestones to reach, including hitting 1.5m new homes in five years. Given councils, in the same week, said targets were admirable but
UK Property News Recap – 29.11.2024
This week showed the ripple effect that ‘higher rates for longer’ is having on the market as a whole. Habits, investments and moves are all being revisited along with house price forecasts. First time buyers are keeping the home fires burning but only through necessity, leaving the rest of the
UK Property News Recap – 22.11.2024
This week was a tough week for all. Inflation increased along with rates which had a knock on effect on asking prices and first timers' hopes of escaping the rental market, where prices also rose. In the Labour camp, Rachel Reeves’s past creative skills got her in trouble, causing some
UK Property News Recap – 15.11.2024
This week prices were reported to have been on the rise, but with mortgage rates also increasing, any further growth looks set to be curtailed in the short term and restrained in the long term. For the many who hoped for a break from inflationary rates come the end of
UK Property News Recap – 08.11.2024
This week seesawed between emotional and financial highs and lows. Hopes were high for lower interest rates but despite a base rate trim, swap rates rose. Harris was top trumped by the Con-Mander-In-Chief causing ripples in the UK of further inflationary pressure from tariffs imposed. As a result, New Year