News Archive

Shock figures show London rents stagnate over past 10 years

Published on 10th July 2025, 4:41am

The latest research from a lettings agency shows that in real terms London rents have stagnated over the past 10 years. Benham and Reeves says that on paper the average rent in London has climbed by 39.2% over the past decade, but when adjusting for inflation, the real-terms increase is just 0.7%. It says this confounds the popular myth that rent rises are down to landlord greed, but are in fact the…
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Britons moving home less frequently, latest research reveals

Published on 4th July 2025, 7:07am

While new research shows the average Brit moves six times during the course of their lifetime, this figures is a 25% drop compared to the eight times recorded by Zoopla seven years ago. Dave Sayce (pictured), co-founder of Compare My Move, reveals that his firm quizzed 2,000 home movers discovering that more than a quarter of them (29%) had moved two to three times, almost a third (32%) move four…
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Chancellor reveals £39 billion to build more affordable rental homes

Published on 16th June 2025, 6:02am

The Chancellor has revealed £39 billion to drive a significant increase in the number of affordable homes being built across the country over the next ten years. Presenting her Spending Review to parliament this lunchtime, Rachel Reeves revealed the “greatest cash injection in affordable and social housing in fifty years”. The key thrust of this is a new Affordable…
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Property sales plummeted in April, new HMRC figures show

Published on 5th June 2025, 4:46am

Property sales suffered a record drop in April following the rush to get deals done ahead of the Stamp Duty deadline on April 1st. The latest figures from HMRC show a 64% fall in property transactions compared to March, and 28% lower than the same time last year. Record fall This is the highest month-on-month decrease since records began for non-seasonally adjusted figures. HMRC says: “There…
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Rents fall for first time since before the pandemic

Published on 28th January 2025, 3:41am

Landlords across many parts of the country are being forced to ease asking rental prices amid weakening demand from prospective tenants in some markets. New data from Rightmove shows that the average advertised rent of new properties coming onto the market outside of London has fallen this quarter for the first-time since pre-pandemic 2019, bringing an end to many months of new record rents. The average…
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Renters Rights Bill will damage lettings sector

Published on 14th January 2025, 8:50am

Propertymark and four other major parts of the property industry have spoken out against the Renters Rights Bill. The agents’ trade body has been joined by the National Residential Landlords Association and the British Property Federation, as well as industry provider Goodlord and agency Leaders Romans Group. Ahead of today’s final stages of the Bill going through the House of Commons…
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‘Thousands of purchases could be abandoned’ after chancellor’s surprise stamp duty hike

Published on 31st October 2024, 8:57am

Estates agents are being urged to brace themselves for a potential surge in property fall throughs in the coming days, as well as renegotiations on already agreed deals, following the hike in the stamp duty rates this morning for those buying a second home after chancellor Rachel Reeves announced major changes in her Budget yesterday. Second home buyers in England and Northern Ireland have seen the…
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The pipeline of property sales agreed hits a four-year high

Published on 28th October 2024, 8:55am

Sustained growth in new property sales over 2024 has led to the largest sales pipeline the market has seen for four years thanks in part to rising wages and falling mortgage borrowing rates, Zoopla’s latest analysis reveals. The property portal says there are currently 306,000 homes working their way through the buying process to completion – up 26% year-on-year. The total value of these…
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Rents still rising but growth cooling according to Connells data

Published on 22nd October 2024, 5:44am

The average rent for a newly let property in Britain hit a high of £1,384 pcm last month – but the pace of growth is cooling. That’s the verdict from Connells’ high end brand Hamptons. Average rents rose 4.5% year-on-year, down from 5.0% in August and 11.7% in September Last month was the first since March 2021 when no region recorded a double-digit percentage rental…
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London Slowdown – more figures show cooling demand in the capital

Published on 18th October 2024, 7:10am

Foxtons’ September data shows that London applicant demand has slowed, as expected, in line with expectations as the peak lettings season came to an end. Demand decreased 35% in September compared to August. Overall, year-on-year applicant demand was 3% down, however certain regions of London such as Central and North have seen higher demand year to date in 2024 than in 2023. As the lettings…
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