Latest property news
Daily property news in the UK residential sector focused on estate and letting agency, property auctions and property managers.
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Rightmove revises revenue forecasts amid AI spending boost
A Rightmove trading update suggests revenue growth for 2026 will be 6% to 7%, compared with previously forecast 6% to…
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Major housebuilder forced to close half of its offices
Adam Daniels, of Vistry, said that the move to shut 12 out of 25 offices was "difficult but necessary".
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Bank of England rate setter calls for 0.5% hike
Governor of the Bank of England, Andrew Bailey, warns inflation is expected to rise to 5% next year.
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The towns where a home costs two years’ earnings are revealed
Zoopla's Richard Donnell reveals where homes cost less than two years-worth of household earnings, making them more affordable.
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Savills issues gloomy house price forecast for next year
Emily Williams, of Savills, predicts a fall of 1.5% in property prices in 2027 as housing market struggles continue.
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Interest rates rise for first time in three years
In a blow for mortgage borrowers, the Bank of England has hiked interest rates to 4% in an effort to…
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Foxtons reveals early impact of Renters’ Rights Act as lettings revenue drops
A third quarter update from Foxtons revealed a rise in tenant terminations since the introduction of the rental reforms.
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Rate rise expected today as Nationwide cuts fixed rates
Nationwide’s Carlo Pileggi says market conditions allow the lender to cut fixed rates, even as trackers rise.
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AI adoption remains in the early phases among agents
Compliance teams are facing more pressure but remain reluctant to fully adopt artificial intelligence to fully tackle issues, says Thirdfort.
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Tribunal reserves judgement as Rightmove legal hearing ends
A decision on if and how a £1.5billion legal action against Rightmove proceeds will be given in a few months.
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