Latest News - Property Reporter
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Overnight stamp duty increase hit England's landlords for an …
16 hours ago · Overnight stamp duty increase hit England's landlords for an average of £6K following the Budget. Last Wednesday's Budget saw the rate of stamp duty paid on second homes in England rise from 3% to 5% with almost immediate effect.
UK property market on track for strong post-Christmas activity surge
19 hours ago · Over the last four years, 55.4% of all homes on the market have found a buyer during Q1 - up from 52.2% in Q4. This demand then climbs to 58.2% on average in Q2 - the highest level of quarterly demand seen throughout the year. This growth in demand pairs with the aforementioned mortgage approval data demonstrating that the spike in mortgage ...
Latest news from Property Reporter | Property Reporter
Oct 23, 2024 · Void averages also rolled back to their pre-summer levels as the scramble for properties cooled. Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements. Breaking news and the top stories from Property Reporter - from mortgages to pensions, it's covered.
SDLT hike will impact FTBs in 31% of local authorities
18 hours ago · Whilst this will remain the case in April of next year, FTBs in these areas will still see an increase of £2,500 in the cost of SDLT due to changes for existing homebuyers. As a result, the average first-time buyer across 93 local authorities is set to see an increase in SDLT paid when purchasing, which equates to 31% of the total market in ...
Property sales predictions for 2024 | Property Reporter
Dec 14, 2023 · The key to a better economy and property market in 2024 will be what happens to inflation. The news that CPI-linked inflation has dropped to 4.6% in October is very good news for the property market and we are already seeing some reductions in mortgage rates, which is excellent news for would-be movers. So far in Q4 at LRG we are seeing supply ...
Almost nine in 10 landlords saw a profit during Q3
17 hours ago · Paragon Bank research has revealed that landlords' profitability levels in the third quarter of this year have hit their highest point since the first quarter of 2022. A survey of over 700 landlords, carried out on behalf of Paragon by Pegasus Insight, showed that, on average, 87% reported making a profit in Q3 2024, the highest since Q1 2022.
Annual house price growth eases in October: Nationwide
4 days ago · The price of a typical home in the UK edged up by just 0.1% between September and October to stand at £266,094. Robert Gardner, Nationwide's Chief Economist, said: “The price of a typical UK home increased by 2.4% year on year in October, though this represented a modest slowdown from the 3.2% pace recorded the previous month. House prices ...
UK housing market optimism boosted by interest rate cut
Aug 6, 2024 · Stevenson concluded: “The recent interest rate cut and improving economic indicators provide a much-needed boost to the UK housing market. With increased market confidence, rising prices, and a more affordable borrowing environment, the outlook for the remainder of 2024 is optimistic." The recent interest rate cut by the Bank of England has ...
All the latest in property news | Property Reporter
31st October 2024. Convenience is outpacing personality when it comes to buyer preferences, according to new research. Budget 2024: Property industry reaction. 30th October 2024. Budget 2024: Affordable Homes Programme to get £500m top up. 30th October 2024. The spooky street names impacting property values. 28th October 2024.