In December 2024, the UK real estate market witnessed a notable decrease in average asking prices, with figures recorded at a 1.7% drop as reported by the leading property portal Rightmove. Despite this reduction, the overall market activity remained robust, which is somewhat atypical for the season. This article explores the implications of these shifts on both buyers and sellers, while also considering...
The UK property market has undergone notable fluctuations in late 2024, characterized by a slight dip in property prices and a robust increase in buyer demand as December approaches. Notably, the average asking prices for new listings saw a decrease of 1.7% in December, following a previous decline of1.4% in November (Rightmove, 2024). Despite this seasonal drop, buyer activity remained vigorous, propelled...
The UK commercial property market is on the verge of a significant transformation, with projections indicating that investment volumes could soar to £50 billion by2025. This anticipated surge is not only reflective of increasing investor confidence but also aligns with positive forecasts suggesting that returns on property could achieve double-digit growth. For stakeholders within the commercial real...
In a bold move that has sent ripples through the political landscape, Nick Candy, a prominent entrepreneur known for his significant contributions to the UK property market, has joined Reform UK as its treasurer. This defection from the Conservative Party highlights a growing trend among notable political figures gravitating towards the emerging minor party, which is increasingly capturing public support....
The UK rental market, once buoyant in the aftermath of the COVID-19 pandemic, is now showing signs of decline as demand for rental properties has dipped for the first time since March2020. Recent reports from estate agents highlight a slowdown in rental price increases, reflecting a potential shift in tenant behavior and preferences. This trend is poised to impact not just tenants seeking more affordable...
The UK rental market is undergoing a significant transformation as recent reports indicate that tenant demand has declined for the first time since the onset of the COVID-19 pandemic. This shift in demand is set against a backdrop of fluctuating economic conditions, including rising interest rates and the increasing cost of living, which have begun to impact renters' abilities and willingness to secure new...
The UK rental market is experiencing a noteworthy shift as recent reports indicate a decline in demand for rented properties for the first time since the initial pandemic lockdowns. This trend is prompting estate agents to adjust their predictions for future rent increases, suggesting that the rapid growth seen in recent years may be coming to a halt. As the country emerges from the pandemic, understanding...
In a significant development for the Reform UK party, billionaire property developer Nick Candy has been appointed as treasurer, signaling a strategic shift towards enhancing the party's fundraising capabilities as the next general election approaches. Known for his successful ventures in the London property market alongside his brother Christian, Candy's new role could reshuffle the political landscape,...
The housing market in England has faced significant challenges in recent years, particularly during 2022-23, as highlighted by the latest data from the Office for National Statistics (ONS). The statistics reveal a stark reality: house prices have soared to levels that increasingly marginalize lower and middle-income families, primarily benefiting only the wealthiest 10% of the population. This growing...
The UK housing market has been navigating a complex landscape throughout 2024, shaped by significant economic shifts and evolving buyer sentiments. After reaching a peak in August 2022, house prices entered a period of sharp decline, largely attributed to the economic turbulence precipitated by former Prime Minister Liz Truss's Mini Budget. This led to a dramatic increase in mortgage interest rates, which...
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