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The Latest Breaking News from Richard Donnell

Property market sees biggest new year house price bounce since 2020

The average asking price for a home coming to market increased by 1.7 per cent or £5,992 in January, Rightmove said

Evening Standard

Biggest new year house price bounce since 2020 recorded by Rightmove

The average asking price for a home coming to market increased by 1.7% or £5,992 in January, Rightmove said.

The Independent UK

London home values rise but growth outpaced by rest of UK

In London, the median property value rose by £1,400 last year, compared to an average of £2,400 across the UK

Evening Standard

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Towns with highest shares of homes increasing or decreasing in value revealed

Around half of UK homes increased in value by 1% or more in 2024, according to Zoopla.

Evening Standard

Why property experts are predicting 2025 will be a ‘buyer’s market’ with sales boom

First-time buyer activity could be ‘front-loaded’ in 2025 and increasing numbers of mortgaged owner-occupiers may return to the market, experts said.

The Independent UK

'Buyer’s market’ predicted for next year with higher negotiating power and more house sales

First-time buyer activity could be ‘front-loaded’ in 2025 and increasing numbers of mortgaged owner-occupiers may return to the market

Evening Standard

Rental costs up £3,240 a year on average since end of pandemic

Renters face paying about £270 more per month compared with 2021, according to housing search company Zoopla.

The Independent UK

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Annual rent for newly let UK home £3,240 higher than 2021, research finds

Rents have risen by 27% since end of pandemic lockdowns, while earnings have increased by 19%

The Guardian - UK

House prices and sales across UK expected to rise in early 2025

Buyers seeking to benefit from expiring tax breaks and pent-up demand all predicted to drive up costs, according to Zoopla report

The Guardian - UK

House prices and sales volumes to grow in 2025, predicts Zoopla

It said the house sales market is on track to see 10% more completions this year than in 2023.

The Independent UK

Looming stamp duty changes ‘could hold back house price growth in 2025’

Homebuyers will want increased stamp duty costs reflected in the price they pay for a property, new research says

Evening Standard

Budget 2024: all the property announcements from Chancellor Rachel Reeves

From affordable housing to stamp duty, here are the Labour Budget announcements set to impact London renters and homebuyers

Evening Standard

Number of house sales in pipeline at highest in four years, says Zoopla

The property website said about 306,000 homes are working their way through the buying process to completion across the UK.

Evening Standard

Number of house sales being agreed is 25 per cent higher than a year ago, says Zoopla

Homeowners are looking to move as mortgage rates fall and some second home owners may also be selling up amid concerns over tax changes, Zoopla said.

Evening Standard

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The Independent UK

Number of house sales being agreed is 25% higher than a year ago, says Zoopla

Homeowners are looking to move as mortgage rates fall and some second home owners may also be selling up amid concerns over tax changes, Zoopla said.

Evening Standard

London house prices rise for the first time since April 2023

New data finds green shoots in the London property market but it’s a mixed bag across the capital

The Independent UK

Homes with asking price reductions take twice as long to sell, says Zoopla

About a fifth of homes on the market had the asking price reduced by 5% or more in August, the property website said.

Evening Standard

London rents "have over-shot" as rental inflation slows to lowest level in almost three years

Rental inflation for new lets it is the lowest it has been in three years as demand falls

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Evening Standard

London house prices keep falling — but which inner boroughs are swimming against the tide?

London homes are still selling for £27,000 below asking price on average as mortgage rates bite

The Guardian - UK

UK house prices expected to rise over second half of year, says Zoopla

Larger number of homes for sale will help push up prices by 2%, says property portal

The Independent UK

House prices likely to rise more slowly than household incomes, says Zoopla

The property website said current house prices are ‘over-valued’ in terms of affordability by nearly £20,000.

Evening Standard

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

The Independent UK

How can first-time buyers get ahead in the tough property market?

Property and mortgage experts offer their tips to cash-strapped would-be homeowners.

Evening Standard

Demand for London rental properties plunges 28% as first-time buyers escape renting trap

London rent has become so unaffordable that rent rises are finally slowing, reports Zoopla

Ideal Home

The supply of homes for sale is the highest it’s been for 8 years – this is why it’s a good thing

Zoopla’s latest report reveals why the housing market is turning for the better

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