property Archives - PIC Searches

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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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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What’s on Agents’ Minds

Cliff Iredale — Wed, 14 Jan 2026 17:36:14 +0000

Despite the progress made in 2025 to reduce mortgage and inflation rates in order to incentivise consumer participation, several estate and letting agents have raised concerns regarding the property market in 2026. Underlying these concerns are the ways in which regulation compliance and financial factors will affect how estate and letting agents engage with the...

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Major property firms partner with banks to unveil 5% deposit initiative

Cliff Iredale — Thu, 16 Oct 2025 13:06:34 +0000

Affordability continues to be a major hurdle. Aware that there is a market desire to purchase property, Barratt Redrow and Persimmon have partnered with Barclays and TSB to open more opportunities for prospective customers to invest in the property market. This initiative has materialised under the Rezide Equity Loan scheme, which, among other provisions, enables...

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Landlords Penalised for Reclaiming Their Property

Adam Freedman — Thu, 16 Jan 2025 17:51:37 +0000

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...

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Over 25% of property transactions fell through in 2024

Adam Freedman — Tue, 07 Jan 2025 15:48:34 +0000

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...

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