PIC Searches

Sales Agreed Jump as Spring Fever Hits the UK Property Market

Cliff Iredale — Thu, 28 May 2026 10:53:30 +0000

The spring season has facilitated an increase in sales agreed. Part of this is the seasonal increase in demand spring typically brings. Yet another factor is that first-time buyers are taking advantage of preferable property prices and a higher volume of listings across the country, thereby encouraging buyers to exercise greater agency in selecting which...

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New property regulations expected in King’s Speech

Cliff Iredale — Wed, 13 May 2026 15:50:25 +0000

King Charles will deliver the King’s Speech on Wednesday, which will sketch out the Government’s legislative priorities over the next parliamentary session. Of particular note are the two bills likely to be included in the speech, namely the Leasehold and Commonhold Reform Bill and the Building Safety Remediation Bill – bills which aim to, among...

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Growing backlog as unsold homes pile up for estate agents

Cliff Iredale — Thu, 07 May 2026 11:25:45 +0000

A recent market phenomenon has been a rising stock of unsold properties. A decline in property exchanges has reverberated throughout the UK property market, driven largely by consumers exercising circumspection amid concerns over mortgage rates and price stability. ‘By historic standards,’ Andrew Lloyd, the managing director at Search Acumen, said, ‘this slowdown in deals is...

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Market Holds Firm Despite Higher Mortgage Costs

Cliff Iredale — Thu, 23 Apr 2026 16:59:07 +0000

Despite global tensions causing mortgage rates to spike, the latest data illuminates that market activity has exhibited signs of resilience. A large part of this resilience lies in the sturdy performance of the UK property market at the beginning of the year. Demand, price growth, and listings were slowly increasing during this period, reinforced by...

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Buyers encouraged to act fast amid market changes

Cliff Iredale — Tue, 14 Apr 2026 15:02:10 +0000

Supported by heightened supply, steady decreases in mortgage rates, and rising buyer demand, the early 2026 perspective of the UK property market was positive. But circumspection arose following the ongoing situation in the Middle East, a crisis which has abruptly impacted interest rates, property prices, and consumer purchasing behaviour for the UK property market. These...

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Who’s snapping up homes sold by landlords

Cliff Iredale — Fri, 27 Mar 2026 11:20:49 +0000

The UK’s private rented sector has experienced its largest decline this century. In 2025 alone, for example, the private rented sector lost £48bn in market value. Although the UK property market increased by 3.8%, the private rented sector declined by 5.1%. This signifies the third consecutive year of decline, a £79bn reduction in market value...

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Bank of England’s interest rate decision sparks industry reaction

Cliff Iredale — Wed, 25 Mar 2026 16:03:22 +0000

On 19 March 2026, the Bank of England unanimously voted to keep the bank rate at 3.75%. In early February 2026, markets predicted an 80% chance that the Bank of England would lower the bank rate in March, citing the relative stability of the market and modest increases in property listings and exchanges. Yet these...

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What’s Going On in the UK Property Market

Adam Freedman — Sun, 08 Mar 2026 10:20:22 +0000

A panoramic overview of the UK property market reveals that the market continues to hold steady. On the one hand, there have been some dips in important performance metrics, particularly when it comes to property exchanges. On the other hand, property price growth is continuing to be felt across most regions of the UK. As...

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Bank Holds UK Rates at 3.75% – Hints at Cuts Ahead

Cliff Iredale — Mon, 09 Feb 2026 18:24:06 +0000

On 5 February, the Bank of England’s Monetary Policy Committee voted 5-4 in favour of keeping the bank rate at 3.75%. This contrasted the overall prediction that the vote to keep the bank rate at 3.75% would be voted 7-2 or 6-3. Following the 5-4 narrow decision last week, there is a general expectation that...

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