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The Latest Breaking News from Aneisha Beveridge

‘Unusual’ dip in average price tag on a home in June

A 0.3% month-on-month fall in asking prices recorded by Rightmove in June contrasts with an average 0.4% rise in June months over the past decade.

Evening Standard

Average UK house price drops by £1,277 in June after record highs

The average price of a home coming to market has fallen by 0.3 per cent month-on-month to £378,240

The Independent UK

Property sellers in England and Wales ‘make lowest return in a decade’

Cash profit on a sale falls for second year in a row, to below £100,000, finds Hamptons

The Guardian - UK

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Average house seller in 2024 ‘made £91,820 more than they originally paid’

Despite lower price gains last year, around nine in 10 households are estimated to have achieved more than they paid, property firm Hamptons said.

The Independent UK

UK property will be a buyers’ market in 2025, analysts predict

‘Cautious optimism’ forecast despite end to key stamp duty relief and fears of higher taxes and interest rates

The Guardian - UK

Number of London leavers drops to lowest level for more than a decade

The rate of London outmigration fell this year, but here are the 10 areas most popular with movers and first-time buyers

Evening Standard

Proportion of Londoners buying homes outside capital drops – study

First-time buyers were estimated to make up about a third of Londoners buying a home elsewhere, according to property firm Hamptons.

Evening Standard

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£6,395 drop in average price tag on a home in December

Housing market activity remains substantially stronger than a year ago, paving the way for a Boxing day bounce, Rightmove said.

The Independent UK

Average home value drops £6,395 in month to December

Housing market activity remains substantially stronger than a year ago, paving the way for a ‘Boxing day bounce’

Evening Standard

New mortgages could help first-time buyers borrow £52,000 more, says lender

Leeds Building Society has increased the maximum loan-to-income ratio for first-time buyers, with a new mortgage range.

Evening Standard

Gen Z pay double in mortgage payments compared to older generations

Young buyers face near-record house prices and soaring interest rates

The Independent UK

Why have London asking prices jumped by over £4,500 in September?

Lower mortgage rates are helping to underpin the market, Rightmove said, but buyers are still price sensitive

Evening Standard

Gap between average rents in north and south of England shrinks to lowest level

Difference now stands at 37% with tenants in north paying £960 a month compared with £1,317 in south

The Guardian - UK

Average price tag on a home jumped by nearly £3,000 in September – Rightmove

Lower mortgage rates, an increase in property choice and relatively strong wage growth are helping to underpin the market, Rightmove said.

The Independent UK

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The Guardian - UK

First-time buyers made up 48% of house hunters in London this year, data shows

Proportion was biggest since at least 2010 as cheaper mortgage deals slowed exodus from city, says estate agent

Evening Standard

The great mortgage gamble: Is now the right time to buy a home — or should you wait for a rate reduction?

With mortgage market volatility and interest rates still high, many would-be buyers are facing the same dilemma — is now the right time to buy? The experts assess the options

The Independent UK

Here’s how much the average price of a home dropped by in June

Some potential sellers appear to be ‘watching and waiting’ as General Election approaches

Evening Standard

The flat pack: Meet the London families embracing apartment living

With 42 per cent of young London families living in flats and that figure only rising, these Londoners are eschewing houses and choosing to raise their children in apartments

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Evening Standard

Rise of the first-time buyer: half of the house purchases in London so far this year are by new homeowners

High rents and lower mortgage rates have pushed more first-time buyers to jump onto the ladder

The Guardian - UK

Homeowners who sold last year banked £102,000 profit on average, data shows

Years of strong price growth meant sellers in England and Wales netted hefty windfall despite fall in house prices

Evening Standard

Revealed: six-figure profits made by home sellers in every London borough in 2023 - how does yours compare?

Homeowners in every London borough made an average of six figures on their home sale, but other regions performed better for percentage house growth after years of softening prices in the capital

Evening Standard

London house prices drop as sellers knock another £2,500 off in January – Rightmove

Agents reported a rise in buyer enquiries, but cautioned sellers to price competitively as cost-of-living crisis continues

The Independent UK

House sellers hike asking prices by £4,500 in a month

Tthe average price of a property coming on the market increased by 1.3% or £4,571 month-on-month

Evening Standard

Estimated number of ‘London leavers’ slumps to nine-year low in 2023

The number of homes bought by Londoners outside the capital fell to 69,190 in 2023 according to estate agent Hamptons, the lowest figure since 2014

Evening Standard

Londoners spent a record-breaking £32.1 billion on rent this year

UK renters have spent the same on rent as the value of all homes sold in London last year

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