PIC Searches

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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Urgent Property Tax Overhaul Needed to Revive Market Activity

Cliff Iredale — Wed, 28 Jan 2026 16:05:39 +0000

Current taxation policies are corrosive towards property market activity, says Propertymark. The latest data underscores that the present taxation policies are constraining property exchanges, thereby reducing both seller and buyer activity across the UK. This barrier may cause significant issues to the property market if left unaddressed, and it is therefore useful to draw attention...

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Green light nears for 3,500 new homes

Cliff Iredale — Fri, 23 Jan 2026 15:37:52 +0000

One of the largest development projects, the Druids Heath estate, has received the green light to move onto the next stage. Birmingham City Council, after months of pushback from campaigners threatening a judicial review challenge, has awarded the Druids Heath estate redevelopment a contract to Lovell, though the cabinet decision is subject to a call-in...

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