Property News

In what was widely welcomed as a sign of improving economic circumstances, the Bank of England cut interest rates from 4.75% to 4.5% earlier this month, the lowest it has been in over 18 months. Industry experts have noticed a trend in the mortgage market, namely the increased desirability of mortgage schemes available to a...

The most recent data analysis conducted by MPowered Mortgages has highlighted the several distinct advantages of cash buying a property. Not only is it more cost-effective to acquire a property, but there are also several benefits that enable the buyer to extract more favourable terms during the negotiation process.  Given the highly competitive nature of...

Despite Zoopla forecasting that the overall property market in London is likely to show signs of low economic growth in 2025, market activity in the capital city continues to hold firm. As the latest data by Savills underscores, the performance of the London property market continues to struggle, yet the one area London is doing...

A striking change will happen at the start of April 2025: stamp duty thresholds will be lowered from £425,000 to £300,000 for first-time buyers and £250,000 to £125,000 for second-time buyers. Reversing the stamp duty thresholds set in September 2022 is going to have a noticeable impact on the performance of the property market. Given...

Based on the UK economy growing for the first time in three months by 0.1%, the case is beginning to be made around the Bank of England lowering interest rates in February. Constitutive with this discourse is the trajectory of property prices across the UK. Fortunately, there is a general optimism that national property prices...

The Welsh Government has been embroiled in controversy following its decision to embrace several suggestions forwarded by the Senedd’s Housing & Local Government Select Committee. The most important suggestion is that landlords have to compensate evicted tenants under particular circumstances, chief among which are landlords wanting to sell or move back into their property currently...

According to the latest Quick Move Now figures, 28.8% of residential property transactions were terminated in 2024, despite the overall buyer demand being 20% higher as of 26 December 2024 than the same day in 2023. Such figures naturally engender the following question: what is causing property transactions to fall? Given that market conditions have...

Despite winning the largest number of seats in parliament since 1997, Labour is confronted by growing public discontent. The most recent Ipsos poll revealed that Prime Minister Kier Starmer’s approval rating has dropped from 36% in July to 26% in November, one of the sharpest post-election approval declines since 1945. Of all the voting groups...

After almost three years of economic woes, things are finally beginning to ease. Leading the positive news is last week’s announcement that the Bank of England (BoE) has cut interest rates for the second time this year, as expected. As of 7th November, Policymakers at the BoE have opted to reduce interest rates to 4.75%...