Office for National Statistics
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Housing Market
Property sales expected to slow as divorce rate tumbles
Office for National Statistics data revealed that there were 80,057 divorces granted in England and Wales in 2022 - the lowest number since 1971.
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Latest property news
Industry figure ‘promises to eat shoes’ if Labour hits housing promise
The TV pundit and property expert was discussing the impact of the latest net migration figures on GB News when he made the crazy promise.
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Latest property news
SDLT and inheritance tax cuts main industry hopes for Autumn statement
Chancellor Jeremy Hunt delivers the Autumn statement next week and agents are on tenterhooks as to what he has in store for the PRS.
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Housing Market
Industry senior calls for urgent action as rent rises spiral
Propertymark boss Nathan Emerson wants Government to step in as rent surge puts thousands at risk as landlords push prices up.
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Latest property news
Big landlord warns rising rents threaten ‘heart and soul’ of property market
Latest data from the Office for National Statistics shows annual private rental prices increased by 5.4% in England, 6.5% in Wales and 6.0% in Scotland.
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Housing Market
‘Bank of England will hike rates despite falling inflation’
The fall was driven by a reduction in the energy price cap and food prices but services inflation which the bank monitors rose to 7.4% from 7.2%.
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Latest property news
Estate agents suffer “poor month” as mortgage rate rises bite – ONS
The Office for National Statistics says activity in the property industry fell in April despite the economy picking up.
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Latest property news
More estate agencies reporting clients over suspicious activity
Just a tiny fraction of agents are submitting SARs despite HM Treasury and the Home Office saying the sector is at ‘medium’ risk for money laundering.
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Latest property news
Spectre of interest rate shock looms large
More than 1.4 million households in the UK are facing the prospect of interest rate rises when they renew their fixed rate mortgages in 2023.
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Latest property news
Rightmove lands £25,000 government parking data deal
Property portal Rightmove has landed a deal with the Department for Transport (DfT) that allows the government to access its data on off-street parking around the UK. The initial one-year deal provides the DfT with a 12-month ‘Rightmove Data License’ for just £25,000 and pundits say it illustrates how embedded the firm’s data has become in everyday life. HOUSING Rightmove has previously won deals to provide data on property market trends to the then Ministry of Housing, Communities and Local Government – now the Department for Levelling Up, Housing and Communities – and its executive agency Homes England. Its engagement with the DfT is its first deal related to parking data. The contract, which came into effect on September 28, relates to data collated by Rightmove regarding the availability of off-street parking spaces. This information will be used by the DfT’s Roads, Places, Environment and Future Mobility team. PARKING Last year, the DfT and Manchester City Council began work on a pilot project to create a national parking platform, an online tool that people can use to pay for parking. It will record and distribute this data to local authorities nationwide. Data on used-car prices from Auto Trader is already used…
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