UK Property News Recap – 13.09.2024
This week construction data revealed the industry had hung up its hard hat to watch Taylor Swift and the Olympics over the summer. To help remedy this the government MADE steps to boost future housing. At the same time, property portals increased their online presence with acquisition bids or by
UK Property News Recap – 06.09.2024
This week was dominated by tenants' rights. Be it those involved in Grenfell or still living with cladding, Right to Buy or mould-invested properties owned by Labour MP Jas Athwal. Landlords questioned the profitability of investments in the Capital, opting to move out before any other potential tax increases could
UK Property News Recap- 30.08.2024
Labour’s plans to boost housing increased overall optimism among developers and lenders who’ve struggled to drum up business over August despite their various discounted offerings. Rayner's enthusiasm to release her new Taskforce on wayward planning councils is applaudable, but those who continue to live surrounded by cladding would prefer her
UK Property News Recap -23.08.2024
Falling rates lift market activity but prices remain seasonally sticky. Barratt waves away the CMA dismissively to bask in their future turnover glory after consuming Redrow. HMRC interrupted any “Capital” getaways booked by Property118 leaving landlords no time to “stamp” a postcard home. Curtailing any further summer frivolity, Rachel Reeves
UK Property News Recap – 16.08.2024
This week was all about growth. Inflation grew, but by less than predicted, which got the markets betting again. This time on two more base rate cuts this year, instead of one. GDP grew by 0.6% and house prices and rents also continued to edge up in various parts of
UK Property News Recap – 09. 08.2024
This week there was a largely consistent throughline: the once distressed market is quietly planning an end-of-year comeback that will carry through into 2025. Affordability remains stretched but recent rate trims and the base rate cut are encouraging buyers to look again. This is providing hope for sellers in need
UK Property News Recap – 02.08.2024
This week, half-yearly report cards from developer Taylor Wimpey and estate agent Foxtons showed Wimpey to be working below the expected level, and Foxtons working above the expected level. Angela Rayner laid out the government’s “plans” for future development, and Sir Michael Lyons was appointed head boy; his first task
UK Property News Recap – 26.07.24
This week, aftereffects caused by the era of cheap money coming to a close continue to resonate with those renting, hoping to buy, build or invest. The 2024 base rate cut continues to elude but eyes look with optimism to the autumn horizon. In the meantime, lenders use improving rates
UK Property News Recap – 19.07.2024
This week, the King’s Speech took centre stage as the PM, Kier Starmer, outlined the new curriculum for the autumn term through his royal mouthpiece. This he hoped would clarify his intent to deliver on his election promises and for everyone to fall in line come the new term. Change
UK Property News Recap – 12.07.2024
This week developers eagerly awaited delivery of housing promises to boost their bottom line. So, days after Labour had moved in, Rachel Reeves and Angela Raynor set up their marketing suite, enabling developers to lay out their plans for the future. Welcome to another UK Property News Recap - 12.07.2024 Rachel