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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Housebuilding target suffers blow with new figures
Developers are facing difficult conditions to start new-build projects, Terry Woodley of Shawbrook Bank warns.
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Slowdown in September auction sales figures
EIG figures show continued annual growth in residential auction sales, although rising supply has put pressure on September success rates.
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Multi-agent instructions are less likely to sell, research reveals
Vendors using more than one estate agent risk looking desperate to sellers, warns TwentyEA's Nick Huntley.
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Younger generations still see home ownership as ‘essential’
There is still a desire to get on the property ladder among young people despite barriers, says LRG’s Tim Foreman.
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Half of family homes affordable on an average income
"The number of two and three-bedroom houses within reach of households on an average income has increased," says Zoopla's Richard…
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Agent sentenced for £48,000 fraud against landlords and tenants
Victoria Steele, who owned and ran eHomes in Norfolk, was given a suspended prison sentence after admitting 19 offences.
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Asking rents hit record high as supply slips
Rightmove data shows average asking rents are above £1,400 outside London and are approaching £3,000 in the Capital.
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Lettings agent use hits two-year high amid rising rental responsibilities
Being a landlord has become more demanding, says Pegasus Insight’s Bethan Cooke, so lettings agents are being called on more…
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Bank economist pours cold water on four interest rate rise forecasts
Huw Pill, the Bank of England’s Chief Economist, says he is "sceptical" that there will be successive rate increases to…
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Evidence grows of weaker homebuyer demand
Adam Day, of EXP UK, says: "There's an element of buyers adopting a wait-and-see approach ahead of the Autumn Budget."
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