As the year draws to a close, it is useful to highlight the positives and negatives that this year has witnessed for the property industry. It has been a noteworthy year. Important national policies have been passed under the Renters’ Rights Bill and Autumn Budget, the effects of which are yet to be fully seen….
On 26 November, Chancellor of the Exchequer Rachel Reeves announced the introduction of two key housing policies. The first is the introduction of the High Value Council Tax Surcharge, also known as the Mansion Tax, which is set to introduce a surcharge of at least £2,500 for properties valued over £2m. The second is increasing…
A Government memo was leaked earlier this month expressing the commitment to launch a package that aims to fertilise property construction throughout London. Following weeks of speculation arising from the leaked memo, the Government has recently confirmed this direction to the public, arguing that it will bring about important changes to accelerate property construction. ‘Extraordinary…
Ongoing efforts are being made by the Government to push the lending sector to support aspiring first-time homebuyers, some of whom are currently facing challenges in entering the property market due to market and lending conditions. ‘Helping first-time buyers onto the housing ladder’, Lucy Rigby, recently appointed Economic Secretary to the Treasury, said, ‘is central…
Rent prices continue to spiral upwards. According to the ONS, the average private rents in the UK have increased by 6.7% from June 2024 to June 2025, with the current average monthly payment standing at £1,344. This increase is situated within a wider pattern of annual rent increases across the country, exacerbated by the lack…
The latest BBC Panorama documentary has underscored the malpractice of conditional selling in the property market, a malpractice whereby estate agents pressure prospective buyers to use their in-house services as a prerequisite for making a valid offer. This has been widely deplored as a way to leverage lopsided deals through deceit and manipulation in favour…
Despite the shifts in the UK economy since the start of the century, little changes have been made to lending rules for aspiring homebuyers. Yet the Financial Conduct Authority (FCA) has recently published a report assessing the present state of the UK housing market and outlining several proposals intended to adjust lending rules more favourably…
Analysts have observed a sharp decline in property prices over the past year. In some cases, property prices in prime London have fallen by up to 60%, a huge decline considering prime London’s reputation as an international investment hub, one undergirded by legal transparency, cultural prestige, and close proximity to the global economy. It has…
Market activity has taken a noticeable turn. Most metrics indicate that buyer activity has dipped since the introduction of new stamp duty thresholds starting in April 2025. By placing first-time buyer stamp duty thresholds at £300,000 (previously £425,000) and second-time buyer stamp duty thresholds at £125,000 (previously £250,000), it has discouraged customers from participating in…
Property Information Company Limited is an Introducer Appointed Representative of CLS Property Insight Limited which is authorised and regulated by the Financial Conduct Authority (FRN 718255)
© PIC Searches, Property Information Company Ltd 2018 – 2025. All Rights Reserved.
Registered in England and Wales – Company No: 09778810. Langley House, Park Road, East Finchley, London N2 8EY.
Web Design by Yellowball