Property news

The Bank of England has just made the decision to hold the base rate to 4.25%

Stephanie Daley, Director of Partnerships at Alexander Hall, commented:

"Although a cut may have been the preferable decision, today's choice to hold the base rate once again will still be welcomed by homebuyers and remortgagers alike, as it reinforces the growing sense of consistency and strength in the mortgage market.

We've continued to see growing borrower engagement in recent months,...

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Keep up-to-date with the latest property news in the UK.

There are now 3.1 students for every student bed available

Research by property developer Stripe Property Group , has revealed that there are now 3.1 students for every student bed available, as those heading or returning to university fight it out for limited accommodation as a result of an overwhelmed and under-stocked rental market and a lack of quality purpose-built student accommodation (PBSA).

The research by Stripe Property Group...

Government spending hits £1.192bn - Here’s what they’re spending it on

Research by RIFT Tax Refunds has revealed that while the UK Government spends the equivalent of almost 52% of GDP a year on delivering public goods, services and providing social protection, it ranks just 11th of all OECD nations where this level of investment is concerned.

From health to defence and environmental protection, governments around the world are tasked with finding the...

The six major challenges facing property developers

Market analysis by Unlatch , the new homes sales progression and aftercare platform for developers and housebuilders, reveals that a -16% drop in construction workers is just one of many challenges currently facing Britain’s housebuilding industry; a list that includes the rising cost of materials and the notorious EWS1 form.

A declining workforce

Over the past five years,...

Estate agency only sector to see increase in average AML fine issued

Research by Credas Technologies , the leading identity verification checks provider, reveals that the average Anti-Money Laundering (AML) fine handed to the estate agency sector has increased by 63.7%. However, while the average fine issued to estate agents has increased, the sector still ranks with some of the lowest fines issued when compared to other sectors.

Across five major...

Downsizing could cut your energy bill by £1,550 per year

Research by property maintenance solution provider, Help me Fix , reveals that while it may be a drastic measure to take, homeowners can combat the cost of living and cut their energy bill by £1,550 per year by downsizing from a detached home to a smaller property.

The cost of living crisis has hit households across the nation and one driving cost behind this is our energy bills,...

Westminster and Cornwall driving military house price premiums of up to 124%

Research by London lettings and estate agent, Benham and Reeves, has found that property values surrounding the nation’s biggest military barracks carry an average house price premium of 9.1% across the UK, with this premium increasing to 46.3% within the capital.

However, it’s homes close to sites of historical military significance that command the highest house price premium,...

Estate agents securing a buyer 14.7 days faster in 2022

The latest gauge of property market performance by estate agent comparison site, GetAgent.co.uk , has revealed that so far in 2022, the nation’s estate agent’s are securing a buyer in an average of 84.7 days, 14.7 days quicker than they were in 2021.

GetAgent tracks the average time to sell a home across the market in England and Wales based on the point at which a property is listed...

Nation’s busiest cities to be an estate agent revealed

The latest property market analysis by estate agent comparison site, GetAgent.co.uk , has revealed that estate agents are currently at their busiest in Liverpool, with 21 homes listed for every agent in the city.

GetAgent analysed the number of current property listings across 25 major UK cities and what this equates to in terms of listings per agent to reveal where the nation’s...

Are rental values set to spiral with the cost of living crisis?

The arrival of winter is a crucial milestone in the current cost of living crisis, and market analysis from Ocasa , the specialist rental platform, warns that the average rent bill could reach as much as £2,270/month if prices rise in line with the hikes already being seen across other living costs.

The cost of living is still on the rise. Numerous factors, both foreign and domestic...

Redrow partners with John Lewis for an exciting Christmas event to launch their latest Exeter show home

Prepare for a good old-fashioned dose of Christmas cheer as Redrow South West launches their latest showroom in Exeter, St Michael’s Meadow, on the 26th of November, with a traditional Christmas-themed event in collaboration with the John Lewis design team .

The community event in Alphington celebrates the opening of the showrooms of this new development, St Michael’s Meadow, and is...

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