In November 2024, Rightmove Plc reports a significant upsurge in revenue, aligning with a robust resurgence in the UK housing market. With a notable increase in both property listings and sales transactions, CEO Johan Svanstrom highlights that the market has witnessed a double-digit growth, particularly since October. This trend is reflective of a potential recovery, with current levels of property...
In February 2025, the UK housing market demonstrated notable resilience with house prices observing a growth of0.4%, a significant increase from the0.1% rise recorded in January. The year-on-year figures illustrate a healthier market, with prices soaring by an average of3.9%, culminating in an average property value of £270,493 (Nationwide, 2025). According to Robert Gardner, the chief economist at...
In a strategic move aimed at strengthening its competitive position in the supermarket landscape, Morrisons has successfully recruited George Brown, the former National Property Director of Aldi UK. Brown's extensive experience in property acquisition and development is anticipated to play a pivotal role in navigating the challenges of the retail sector and driving Morrisons' expansion strategy. This...
The UK property market is currently grappling with unprecedented challenges that have left many first-time buyers feeling disillusioned about their ability to secure a home. Recent findings indicate that over two million young people are uncertain about their homeownership prospects, signaling a potential crisis in traditional property acquisition (House of Commons, 2024). Amidst a backdrop of soaring...
In November 2024, new research from the London School of Economics and Political Science (LSE) and the University of Stirling has uncovered a concerning trend in the UK property market regarding energy efficiency ratings. This groundbreaking study, published in the American Economic Journal: Applied Economics, reveals that home buyers may be overpaying for properties classified in higher energy efficiency...
The recent ruling by a British High Court regarding financier Raffaele Mincione marks a pivotal moment in an ongoing legal saga involving the Vatican. The court addressed claims relating to a controversial £350 million investment in a luxury property on Sloane Avenue, London, which had previously led Mincione to be convicted by a Vatican tribunal for alleged fraud against the Holy See involving excessive...
In November 2024, the UK government officially denied calls from the Welsh government and Plaid Cymru for local control over the Crown Estate, a vast portfolio including over £603 million worth of land in Wales and 65% of the seabed surrounding its coastline. The UK Treasury, represented by Treasury Minister James Murray, argued that such devolution would be commercially impractical and could disrupt the...
In November 2024, significant changes to policing strategies emerged with the introduction of a new crime and policing bill in England and Wales, designed to enhance the efficiency of law enforcement in tackling lower-level crimes. One of the standout features of this legislation is the provision allowing police to conduct searches for stolen items, including mobile phones, without a warrant, provided that...
Odevo, a distinguished international group renowned for its innovative approaches in residential property management, has recently taken a significant step forward in its expansion strategy by launching SRVO Property, an independent property advisory and surveying business. This venture aims to deliver exceptional real estate services across the UK residential and commercial markets. The formation of SRVO...
In November 2024, Odevo has made a significant stride in the competitive realms of property management with the launch of SRVO Property, an independent advisory and surveying firm. Targeting both the residential and commercial real estate markets in the UK, SRVO Property is poised to deliver tailored services that cater specifically to the unique needs of these sectors. This move is expected to enhance...
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