Housing market ‘demonstrating remarkable resilience’ ahead of Autumn Budget Property House prices ticked up in July as Brits still showed a ‘good appetite’ for home ownership despite affordability challenges and uncertainty ahead of the Autumn Budget. Average house prices increased 2.7 per cent to £292,000 in England, two per cent to £209,000 in Wales, and 3.3 per cent to £192,000 in Scotland in the 12 [...]
Housing ladder? What about those who can’t get on the credit ladder Opinion There are plenty of column inches dedicated to getting more Brits on the housing ladder, but what about the credit ladder, asks Jono Gillespie.
House sales rise in summer, but will property tax rumours kill confidence? Property The UK housing market has proved remarkably resilient this year despite significant pressures, with sales on track to match 2022 highs. The number of UK residential transactions in July was 95,580, four per cent higher than July 2024 and one per cent higher than June 2025, according to the latest data from HMRC. The market [...]
Reeves mulls ‘punishingly high’ new property taxes August 18, 2025 Chancellor Rachel Reeves is considering replacing stamp duty with a new national property tax on homes above £500,000, according to fresh reports. Senior ministers in the Treasury have been asked to study how a new “proportional” levy could be implemented and to model its impact ahead of potential tax changes in the Autumn Budget, The [...]
Rightmove: Average price tag on home has fallen £10,000 over summer August 18, 2025 The average price tag on a home has tumbled by more than £10,000 across the summer, falling by nearly £5,000 month-on-month in August alone, according to a property website. Across Britain, the average price of a home coming to market fell by 1.3 per cent, or £4,969, month-on-month in August to stand at £368,740, Rightmove [...]
Soaring stamp duty costs dampen house price growth July 29, 2025 Housing market activity has surged but price growth has slowed as high costs bite into buyers’ budgets. Buyer demand rose 11 per cent and agreed sales rose eight per cent year on year but house prices grew by just 1.3 per cent, according to Zoopla’s latest house price index. Higher stamp duty costs now impact [...]
House prices ‘continue to surprise’ as average property value ticks up in May July 16, 2025 UK house prices rose again in May, bucking predictions of a slowdown in the market after stamp duty relief was axed earlier this year. The average price for a UK property reached £269,000 in May, up 3.9 per cent year on year and 1.1 per cent month on month. The bulk of this increase was [...]
UK property bodies form build to rent alliance: ‘Planning reform is not enough’ July 15, 2025 The British Property Federation (BPF) and the Association for Rental Living (ARL) have formed an alliance to boost the struggling build-to-rent sector, arguing that planning reform alone won’t save construction. Trying to create a “single voice” for build to rent, the alliance aims to combat investor shyness by tackling current viability and delivery challenges as [...]
UK house prices drop as motivated sellers slash asking prices June 16, 2025 UK house prices dipped in June amid a jump in the number of homes coming to the market. New asking prices fell by 0.3 per cent to £378,240 in June amid a “decade-high” competition to secure buyers, according to Rightmove’s latest house price index. Prices are now 0.8 per cent ahead of this time last [...]
Relaxed mortgage rules could increase first-time buyer deals by a quarter June 2, 2025 Changes in the way lenders stress test borrowers for mortgages could lead to a huge jump in the amount of first-time buyers able to access the housing market, according to Savills. Savills’ analysis found first-time buyer transactions could increase by up to 24 per cent over the next five years if lending rules continue to [...]