The latest figures show that approvals fell between October and November to 46,075, also down on the 68,969 seen in November of last year (2021)
Founder and CEO of easyMoney , Jason Ferrando, commented:
“A third consecutive monthly decline in mortgage approval levels will certainly seem like cause for concern given the doom and gloom that has enveloped the UK property market...
CEO of Alliance, the Real Estate Fund, Iain Crawford commented:
“The property market has taken some hits in the last few weeks but continues to hold up quite well given the significant, wider economic uncertainty that prevails. The latest figures show that prices are down month on month but still up annually.
However, property has time and again proven to be a stable...
Credas Technologies , the leading identity verification checks provider, has urged those working within the UK property sector to remain vigilant over the festive period, as a reduced workload, shorter operating hours and lower staff levels could provide criminals with a better chance of bypassing AML checks and infiltrating the market.
Property industry reacts to fifth consecutive rates increase
The Bank of England has made the decision to increase interest rates for the fifth consecutive time.
Michael Bruce, CEO and Founder of Boomin, says:
“A fifth consecutive interest rate increase will come as a real concern for many homebuyers. Having seen house prices spiral over the last two years, they are now...
Monday 20th June Rightmove House Price Index - Industry reaction The latest index shows that: -
Price of property coming to market hits a fifth consecutive record of £368,614, albeit only up by a modest 0.3% in the month (+£1,113), as the pace of price growth slows
Affordability constraints, a better balance between supply and demand, and usual seasonal price drops will
More women being flagged during AML compliance checks in property industry
Credas Technologies, the leading anti-money laundering checks provider, has revealed that the number of female homebuyers and sellers has surged in recent years, as they now account for over half of all AML market activity seen across the industry on an annual basis.
Research by nationwide buy-to-let specialist, Sequre Property Investment , has revealed which regions of the UK buy-to-let property market have best weathered the rental market uncertainty posed by the pandemic and currently present the best yields for UK landlords.
Working from home requirements, reductions in tenant incomes and a ban on eviction have all contributed to a tough time...
Managing Director of Barrows and Forrester , James Forrester, commented:
“It’s to be expected that the astronomic rates of house price growth seen since the introduction of the stamp duty holiday will now start to subside as we approach the final deadline. But don’t be fooled into thinking the market will now deflate like a cheap birthday balloon.
Research by the next-generation, virtual property viewings platform, U-See Homes, has revealed just how much work the property industry has to do in order to lower its impact on the environment.
Greenhouse gas emissions are falling
U-See analysed data on greenhouse gas emissions across each industry over the last decade and found that as a whole, there’s been a reduction of...
