Breaking News
Sales agreed up 12% on last year despite annual mortgage costs 61% higher than 2021
UK house prices broadly static but sales volumes are up 12% year on year UK house price inflation unchanged from last month at -0.2% Almost two thirds (64%) of all homes are in local markets with annual price falls, down from 82% last October with a clear north-south divide emerging. Higher mortgage rates continue to…
EAN Content
Weekly News Roundup – 26/04/24
A roundup of the week’s top property and proptech news stories in partnership with Proptech-X Table of Contents Renters Reform Act – but what about Section 21? Agents urged to review AML policies following recent HMRC fines Smart Spaces & HID Signo reader tie up Renters Reform Act – but what about Section…
Andrew Stanton
Breaking Property News – 25/04/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Five office agency, Hat and Home joins The Guild network The Guild of Property Professionals is pleased to announce that Hat and Home has become the latest Member to join the network. Founded in December 2020, Hat and Home has rapidly established itself as…
Andrew Stanton
Breaking Property News – 23/04/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Smart Spaces delivers the world’s first implementation of HID’s mobile credentials in Google Wallet at Workspace Mobile access control integration makes entry to The Light Bulb building effortless for customers London, April 23, 2024 – Smart Spaces announces today that it has partnered with trusted identity provider,…
Andrew Stanton
An average rate of 6% for the first time since November – Rightmove’s weekly mortgage tracker
Headlines The average 5-year fixed mortgage rate is now 4.89%, up from 4.45% a year ago The average 2-year fixed mortgage rate is now 5.29%, up from 4.75% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.82%, up from 4.42% a year ago The average 60% LTV 5-year fixed mortgage rate is now 4.36%, up from 4.15% a year ago The average monthly mortgage payment on…
Rightmove
Breaking Property News – 24/04/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Renters Reform Bill pushed through but what about Section 21? Michael Gove the great leveller and of course Housing secretary presided over what has turned out to be a dogs breakfast of a Renters reform bill soon to be an Act of parliament. In…
Andrew Stanton
Aberdeen is cheapest city to be a first-time buyer
New analysis reveals that Aberdeen is the cheapest city to be a first-time buyer with an average asking price of £102,602: The average monthly mortgage payment for a first-time buyer in Aberdeen is £406 per month, assuming the buyer has a 20% deposit, and a mortgage term of 35 years Data from UK Finance shows…
Rightmove
Breaking Property News – 22/04/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Agents urged to review AML policies following recent HMRC fines Recent substantial fines issued by HMRC are a harsh reminder to agents to ensure that their Anti-Money Laundering (AML) policies are up to date, and they have control testing in place. This is according…
Andrew Stanton
Spring activity boost pushes asking prices close to new record
The average asking price of property coming to the market rises by 1.1% (+£4,207) this month to £372,324, just £570 short of the record in May 2023, while the annual rate of price growth is now +1.7%, the highest level for 12 months: A key factor behind this growth towards a near-record average price is…
Rightmove
Weekly News Roundup – 19/04/24
A roundup of the week’s top property and proptech news stories in partnership with Proptech-X Table of Contents Ascendix deep dives into the world of the AVM CEO Adam Pigott on tour in Norfolk with tlyfe App VTS Activate Multifamily launches Ascendix deep dives into the world of the AVM This month Yana Yarotska from Ascendix…
Andrew Stanton
Breaking Property News – 18/04/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Scotland to get to Net Zero by 2045 in stunning U-turn Because of its serious implications here in full is the Scottish ‘apology or explanation’ why it thinks it is OK to let the planet burn for the next two decades. Net Zero and…
Andrew Stanton
Breaking Property News – 17/04/24
Daily bite-sized proptech and property news in partnership with Proptech-X. CEO Adam Pigott on tour in Norfolk with tlyfe App Full disclosure CEO Adam Pigott and his team are one of my earliest clients, so it is always a pleasure to hear what they have been getting up to. And this week they were…
Andrew Stanton
Rightmove’s weekly mortgage tracker
Headlines The average 5-year fixed mortgage rate is now 4.84%, up from 4.45% a year ago The average 2-year fixed mortgage rate is now 5.23%, up from 4.77% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.77%, up from 4.46% a year ago The average 60% LTV 5-year fixed mortgage…
Rightmove
Rightmove comment on inflation reducing to 3.2%
UK inflation slowed less than expected last month, making traders and economists more cautious about the likely pace of interest rate cuts. Matt Smith, Rightmove’s mortgage expert said: ‘It’s positive to see inflation continuing to fall this morning, albeit not by quite as much as expected, as the blocks continue to build towards the anticipated…
Rightmove
Breaking Property News – 16/04/24
Daily bite-sized proptech and property news in partnership with Proptech-X. VTS Activate Multifamily launches Press Release – LONDON – April 16, 2024 – VTS, the industry’s only technology platform that unifies owners, operators, brokers, and their customers across the real estate ecosystem, today announced that it has launched a revolutionary new resident experience technology offering, VTS Activate Multifamily….
Andrew Stanton