Estate agencies saw 82,000 potential sales fall-through between July and September this year taking the annual total of abandoned purchases to 312,700, according to the latest TwentyEA/Ci Property & Homemover Report. The data also shows the average time to exchange now stands at 123 days. Katy Billany (main picture), Executive Director of TwentyEA, says waiting…
Angela Rayner is leaving the Government, following an investigation by Sir Laurie Magnus into her actions while buying a flat in Hove for £800,000 and her decision to pay the lower ‘main residence’ Stamp Duty rate after putting her northern family home into a trust. Magnus was appointed as the Prime Minister’s Independent Adviser on…
Rent takes up around 50% of the average Londoner’s income each month, although strong wage growth means affordability has improved since 2024, according to new research by lettings and estate agent Benham and Reeves. The firm analysed average monthly earnings as a proportion of average rent to understand how much of their income tenants are…
A tenant has been photographed and filmed while asleep in bed in a property listed for sale in Penrith, Cumbria. The house is on the market with a guide price of £135,000. The property is an HMO that is licensed for six occupants but is currently housing five tenants, according to the listing. It generates…
Data shows the drop is over four times greater than the dip seen in 2024 Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
Bank of England decision makers voted unanimously to hold the base interest rate at 3.75% today as inflation comes under pressure from the war in the Middle East. Big increases in oil and gas prices could force inflation up, and the Bank would have been mindful of this. Governor Andrew Bailey (pictured) and other members…
Subscribe now to keep reading and get access to the full archive.
Subscribe now to keep reading and get access to the full archive.
