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The Latest Breaking News from Richard Donnell

Autumn Budget 2025: Is Rachel Reeves really going to scrap stamp duty next week?

Property experts agree tax changes are needed to unblock the stagnant housing market, yet London’s high prices and dearth of affordable new homes are also significant barriers to buying

Evening Standard

Stamp duty should be abolished, TV presenter Kirstie Allsopp tells MPs

She told the Treasury Committee that people ‘should be able to move house cheaply and easily’.

Evening Standard

The end of stamp duty? Here's what scrapping the property tax would mean for London home buyers

The news that the Conservative Party has promised to abolish stamp duty tax will be welcomed by many London buyers

Evening Standard

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Why demand has fallen for homes priced at more than £500,000

Some buyers are adopting a ‘wait and see’ approach ahead of the November Budget, according to Zoopla

The Independent UK

Demand for homes priced above £500k dampens amid Budget speculation

Some buyers are adopting a ‘wait and see’ approach ahead of the Autumn Budget in November

Evening Standard

Buying a new-build home: key things to look for and what to avoid when buying a new home

Are new builds, with their brand new appliances and fixtures, as simple a choice as they seem?

Evening Standard

New mortgage affordability rules give immediate boost to housing sales

Several major lenders are now allowing buyers to borrow more

The Independent UK

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New mortgage affordability rules help UK housing market avoid summer lull

Record number of homes for sale has created ‘buyer’s market’ and kept price rises in check, Zoopla report says

The Guardian - UK

UK homeowners selling for 4.5% below asking price, survey shows

Zoopla says more properties came on the market in May than a year ago, giving buyers more choice

The Guardian - UK

Marginal rise for London house prices while North-South growth gap widens

Affordability constraints and increased supply mean the average London home value has increased by 0.7 per cent to £534,200

Evening Standard

Home buyers ‘may look to split higher stamp duty costs with sellers’

Buyers may reflect higher stamp duty costs in their offers, with some being in a strong negotiating position, housing market experts said.

The Independent UK

First-time buyer mortgage costs are ‘20 per cent lower than rents' with a £50,000 deposit

First-time buyer mortgage payments could be around a fifth lower than average rents if buyers have a 20 per cent deposit saved

Evening Standard

First-time buyer mortgage costs ‘20% lower than rents – with a £50,000 deposit’

The average first-time buyer mortgage payment could be around a fifth lower than the average rent, if buyers have a 20% deposit saved, Zoopla said.

The Independent UK

Sub-4% mortgage rates ‘may be first to go’ following unexpected inflation jump

Annual house price growth accelerated to 4.6% in December, but some experts said inflation figures released on Wednesday could affect mortgage rates.

Evening Standard

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Evening Standard

Locations where home buyers most likely to be hit by stamp duty costs revealed

More home buyers in England and Northern Ireland will be liable to pay the tax when stamp duty changes take effect from April 1

Evening Standard

Housing market ‘off to its strongest start in three years' with sales up by 12 per cent

The number of homes for sale is also 10 per cent higher than a year ago, according to Zoopla

Evening Standard

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

The Independent UK

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.

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Evening Standard

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

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.

The Independent UK

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.

Evening Standard

'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

The Independent UK

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 Guardian - UK

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

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