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The Latest Breaking News from Propertymark

Ground rents to be capped at £250 for leaseholders to end spiralling bills

Prime Minister Sir Keir Starmer said the cost of living ‘is the single most important thing across the country.’

The Independent UK

Cap on ground rents will benefit more than 500,000 homeowners across London and the South

Prime Minister Sir Keir Starmer said the cost of living ‘is the single most important thing across the country.’

Evening Standard

Why this Scottish city is one of the cheapest places in the UK to buy a home

Analysis from Zoopla suggested that there are a handful of places across the country where it is relatively easy to find a property for under…

The National (Scotland)

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Fastest annual house price growth in around two years recorded in September

The average UK house price increased by 3.2% annually in September to reach 2% below all-time highs, Nationwide Building Society said.

The Independent UK

21 people competing for every home to rent amid supply challenges – Zoopla

One in eight homes listed for sale on Zoopla in July were previously rented.

The Independent UK

Average London house price up 1.2 per cent annually as sub-4% mortgages return

Halifax said it expects house prices ‘to continue a modest upward trend throughout the remainder of this year’

Evening Standard

Average UK house prices rise more than expected

Annual growth rose to 2.3%, the highest rate since the start of this year

The Independent UK

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10% annual jump in home mover numbers, Lloyds Bank finds

The average home mover is aged 40 and around one in three movers buy detached homes, according to the research.

The Independent UK

UK house prices are set to rise – but for how long?

The General Election is likely to have caused movement in the housing market to slow down

The Independent UK

Average rent outside London hits record high – check how your area compares

In London, the average advertised rent is £2,652 per month

The Independent UK

Typical first-time buyer mortgage payment in London is now £2,393 a month

First-time buyers now face paying £227,757 for a home, rising to more than half a million pounds in London, Rightmove said

Evening Standard

Households warned to check mortgage and savings rates after Bank of England decision

A mortgage holder on the current average SVR could end up paying £287 more per month compared with if they were on an average two-year fixed-rate mortgage

The Independent UK

Labour pledges to ‘get Britain building again’

The Labour manifesto document said the party ‘will not be afraid to make full use of intervention powers to build the houses we need’.

The Independent UK

Conservatives pledge to support first-time buyers and build 1.6m homes

The manifesto promises to make stamp duty cuts for first-time buyers permanent and deliver 1.6 million homes in England over the next Parliament.

The Independent UK

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The Guardian - UK

Are energy performance certificates worth the paper they’re written on?

EPCs are meant to be a vital insight into how energy efficient a property is. But many are out of date and can be misleading

The Independent UK

Cash buyers have accounted for around a third of home sales in 2023 – Zoopla

People buying homes without a mortgage are often older, wealthier and buying cheaper properties.

Evening Standard

UK house prices up almost 1% since last month but mortgage approvals plunge

Just 43,300 mortgages were approved in September, 30 per cent less than the monthly average in 2019

Evening Standard

‘Worrying mismatch’ as 13 new prospective tenants register per available UK home

Around six in 10 agents reported rents increasing month-on-month in June

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news in one place.

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The Independent UK

‘Worrying mismatch’ as 13 new prospective tenants register per available home

Around six in 10 agents reported rents increasing month-on-month on average at their branch in June, property professionals’ body Propertymark said.

The Independent UK

Annual house prices fall for first time in a decade

House prices fell by 1.0% on average across the UK in May

The Independent UK

Annual house price growth turns negative for first time since 2012 – index

House prices fell by 1.0% on average across the UK in May, Halifax said.

Wales Online

House prices see first annual negative growth since 2012 with 1% drop

Property prices have now fallen by about £3,000 over the last 12 months

The Independent UK

What is behind a rise in evictions and what does it means for the rental sector?

No-fault evictions are on the increase even as the Government prepares to ban the practice.

Insider UK

Coalition steps up court fight over rent control and eviction ban

A Petition for Judicial Review has been submitted to the Court of Session

The Guardian - UK

Last month 72% of estate agent outlets ‘made most sales below asking price’

Research from body representing industry in UK underlines that housing market is slowing

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