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Estate Agent Today provides daily industry, Estate Agency, Property Market, Housing, Moving Home and Online Estate Agent News updates for the UK's letting agent community.
Rightmove Alert – it will be a Buyers Market in 2025
Dec 12, 2024 · Rightmove predicts average asking prices will rise by 4% in 2025 but it will be a buyers market with purchasers “spoilt for choice”. In its annual forecast, the portal says its 4% prediction is its largest since 2021. The average number of available homes per estate agent branch is at its ...
Massive rise in ‘time on the market’ for sellers – new stats
Dec 12, 2024 · A new study suggests there’s been a near-20% rise in the time it takes to find a buyer for a home on sale in the past 12 months. Industry supplier Moverly has analysed the time it takes to secure a buyer and how this has changed over the past year, before looking at what impact this has had on asking prices and sold prices in the UK.
RICS upbeat about market prospects despite mortgage uncertainty
Dec 12, 2024 · The latest RICS Residential Survey shows national house price growth continuing to strengthen and buyer demand rising as the year ends. And the institution says despite higher mortgage interest rates, the near-term outlook for market activity remains relatively positive.
The compliance challenges facing Estate Agents in 2025
Dec 11, 2024 · From fluctuating market conditions and rising mortgage rates to increasing competition online, estate agents face a range of evolving challenges in an increasingly fast-paced industry. Among these, one issue stands out as particularly significant: financial crime – specifically money laundering ...
"Exploring the UK Property Market: Trends, Insights, and …
The Current State of the UK Property Market. As of 2024, the UK property market is facing a combination of challenges and opportunities. On one hand, rising interest rates and inflation have cooled the pace of growth in house prices, particularly in the most expensive areas like London.
Knight Frank: ‘House price forecasts need more caveats than usual’
Dec 9, 2024 · UK housing market forecasts should come with a longer list of caveats than usual due to current market uncertainties, Knight Frank claims. Tom Bill, head of UK residential research for the agency brand, warned that short-term distortions created by the Budget and doubts about the long-term effectiveness of Labour’s economic plan mean buyers and sellers …
Autumn Budget 2024 - what is means for the property market
One mortgage adviser, Jack Tutton of SJ Mortgages, said he has already seen two landlords pull out of buying additional properties, while another, Kelsey Phillips, head of specialist lending at Arose Finance, said: “Within minutes of the Chancellor announcing the additional surcharge, our investor clients were on the phone to estate agents renegotiating purchase prices lower.
Breaking News Archives - Estate Agent Today
Dec 9, 2024 · Here is today’s Breaking News from the estate agency world. Join the debate by leaving a comment below a story – you will need to be logged-in to do this.
The biggest threat to the UK’s housing market
If you read the headline and thought “oh – another piece about the Budget” – well, I’m sorry to disappoint you. For all the bluster (genuine and confected) that surrounded this week’s fiscal event, my theory is that the biggest threat to the UK housing market may become apparent next week, and across the Atlantic.