Property Matters

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Construction leaders warn the UK may miss its 1.5m homes target as rising employment costs, taxes, planning delays and labour shortages slow housebuilding. #UKHousing #Construction #UKEconomy

🏖️ Seaside housing market cools down Coastal home prices rose just 1% this year, a sharp slowdown after pandemic boom. Factors: end of remote work & rising taxes on second homes. #HousingMarket #SeasideHomes #RealEstate #PropertyNews #UKHousing

Lifting the cap on rent increases in Scotland could trigger a housing crisis, warns tenants' union. With wages flatlining and housing costs soaring, urgent action is needed. #ScottishHousing #RentCrisis #AffordableHousing

The Government is set to grant councils and mayors enhanced powers to seize land for affordable housing, eliminating the need for central government approval for compulsory purchase orders (CPOs). buff.ly/KWh7yNX #property #housing

Data from Savills recently revealed a significant rise in the number of property millionaires in Britain, with over 700,000 homes now valued at £1m or more. buff.ly/cFY8iAN #Property #housing

The number of planning permissions granted in England has reached its lowest level since 2014, with only 242,610 homes approved in 2024, a 2% decrease from the previous year. buff.ly/gku1LEt #planning #property #Housing

House prices in the UK experienced a slight decline in February, with the average price falling by 0.1% to £298,602, according to Halifax. buff.ly/9R8BRS4 #housePrices #Property #housing

Josh Kirby in the Daily Telegraph claims that many new-build homes are unattractive and poorly designed. He quotes a 2020 report funded by the Government that highlighted the need for beauty in architecture. buff.ly/MiAmieg #property #Housing

Writing in The I, Hamish McRae notes that while the current economic outlook is gloomy, with growth expected to fall below the 2% forecast, the housing market remains resilient. #Housing #HousingMarket

This year, 1.8m homeowners will see their fixed-rate mortgages end, with interest rates nearly doubling. #mortgages #property #InterestRates

#HousePrices in Glasgow have surged by nearly £50,000 over the past five years, marking a 37% increase since 2020, according to DJ Alexander Ltd. The average home price in Scotland has risen from £147,731 in January 2020 to £188,807 in December 2024, reflecting a 27.8% increase.

Home buyers are racing to complete purchases before the impending stamp duty changes on 1 April, which could cost them thousands. buff.ly/ESkUAEn #StampDuty #property #housing

First-time buyers in Britain are facing an average monthly mortgage payment of £940, which is £350 more than five years ago, according to analysis by Rightmove. buff.ly/8OgqCJv. #mortgages #Property

The Financial Conduct Authority (FCA) has promised “swift action” on making #mortgages more accessible, with the City watchdog set to launch a consultation on simplifying rules, as well as alternative approaches to stress testing. buff.ly/XHwMjcs #FCA #Property #housing

Recent analysis reveals that many areas in England facing severe housing pressures are set to experience significant reductions in homelessness prevention grants. #property #PropertyMarket

Selfridges' property portfolio saw a significant devaluation last year, with its assets dropping by £638.6m, representing a 20.6% decline.

Recent trends show a significant increase in older homeowners opting to upsize rather than downsize. According to Hamptons, there was a 25% rise in movers aged 60 and above in 2022/23 compared to 2018/19 - with many looking for more space, not less. buff.ly/4heOKf8

Recent data from Zoopla has revealed that Hartlepool currently has the lowest property costs in the UK at £118 per square foot - contrasting sharply with Kensington and Chelsea in London, where prices soar to £1,373 per square foot, or nearly £38k for a double bed-sized space.

The Intermediary Mortgage Lenders Association estimates that 3.1m households have been denied homeownership since the financial crisis due to stringent lending criteria for freelancers. buff.ly/3Y0UnVf

A survey by Knight Frank reveals that almost all housebuilders are sceptical about the government's target of constructing 1.5m homes within five years. Only 2% of respondents believe the sector can meet the Government's pledge of at least 300,000 homes annually.