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When is the best time to move?

Posted 1 month ago
Discover why February and March are the prime months to sell your home, with rising…
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When is the best time to move?

Base rate to 4.5% – lowest rate since June 2023

Posted 1 month ago
The Bank of England cuts the base rate to its lowest since June 2023, boosting…
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Base rate to 4.5% – lowest rate since June 2023

Half of homes increased in value in 2024 by £7,600

Posted 2 months ago
Discover how half of the UK's homes saw value growth in 2024, with key insights…
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Affordability stretched but gradually improving

Posted 2 months ago
UK housing affordability has improved, with earnings growth outpacing price rises. First-time buyers are thriving.…
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Affordability stretched but gradually improving

Housing market resilient despite ongoing affordability challenges

Posted 3 months ago
Lender Nationwide reports it was encouraging that activity levels in the housing market increased over…
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Housing market resilient despite ongoing affordability challenges

Outlook for housing market in 2025 – beginning of London price growth resurgence

Posted 3 months ago
Rightmove predicts national average asking prices will rise by 4% in 2025. While this is…
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Rightmove predicts national average asking prices will rise by 4% in 2025. While this is Rightmove’s largest prediction for price growth since 2021, it’s in-line with average long-term price growth. The Covid influenced years of 2020, 2021 and 2022 saw larger increases in prices. One factor for this was the imbalance between supply and demand – there was a lot of pandemic-driven demand for property, while supply was constrained. The property portal expects the number of homes for sale to remain high next year, which means strong competition will remain for sellers, and likely prevent higher price growth. However, these factors will also help agreed sales, and Rightmove anticipates a higher number of transactions in 2025 of around 1.15 million in total. Compared with five years ago, the average asking price for a home in London is up by 12%, while for Great Britain as a whole, asking prices are up by 21%. In 2019, the price of a home in London was more than double (+101%) the Great Britain average, whereas now, the gap has reduced to 86%. The Brexit year of 2019, and the subsequent Covid influenced years saw slower price growth for the London sales market. In 2019, average asking prices fell in London by 0.5%, compared to a 0.8% rise across the UK as a whole. However, Rightmove anticipates that 2025 could be the beginning of the price turning point for the London market, with the fundamental pull of the capital for both workers and international buyers predicted to start to reassert itself, helped by some major companies heading back to the office five days a week. Rightmove expects London price growth to be in-line, if not marginally ahead, of national price rises.

Bank of England cuts bank base rate to 4.75%

Posted 4 months ago
The Bank of England has cut the bank base rate to 4.75% for the second…
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Bank of England cuts bank base rate to 4.75%

Budget response by investors suggests optimism

Posted 4 months ago
There was some good news for property owners and investors in the recent budget. There…
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Budget response by investors suggests optimism

Inflation drop welcomed as tax change speculation continues  

Posted 5 months ago
Inflation made a surprise drop to 1.7% last month which is the lowest rate for…
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Inflation drop welcomed as tax change speculation continues

Double-digit growth in sales market activity

Posted 5 months ago
Home buyers are benefitting from the lowest average mortgage rates for 15 months, which is…
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Double-digit growth in sales market activity