Property News

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...

In what is widely considered by industry experts to be a breakthrough for the UK conveyancing sector, proptech firm PEXA has recently announced the completion of the UK’s first fully digital purchase transaction. David Jabbari, founder and CEO of Muve, said: ‘This achievement underscores the transformative potential of PEXA’s platform to improve the conveyancing process.’...

The Renters’ Rights Bill is set to be the most significant reform to the private rented sector in nearly three decades. The importance of the Bill cannot be understated: it will have wide-ranging ramifications for tenants and landlords from across all parts of the country. Although it’s still undergoing the ratification process, it is important...

On 8 May, the Bank of England voted 5-4 in favour of slashing interest rates from 4.5% to 4.25% in a move widely welcomed by industry analysts and mortgage owners. Bank of England Governor Andrew Bailey released a statement emphasising moderation in line with previous committee meeting statements: ‘The past few weeks have shown how...

The UK lost a net 10,800 millionaires in 2024, the second highest exodus of any country behind China, and it accounts for a 157% increase in the number of millionaires leaving compared to 2023. Most prominent among those choosing to leave are Charlie Mullins, founder of Pimlico Plumbers; Richard Gnodde, senior banker at Goldman Sachs;...