Industry reacts to latest house price data

Average house prices have dropped annually for the first time in almost three years, new figures reveal. The latest Lloyds House Price Index for August shows average property values dropped 0.4% annually, the first year-on-year decrease since November 2023. Average prices were also down on a monthly basis by 0.2%, putting the typical British house…

Landlords are focusing their attention on getting their finances into shape rather than expanding their portfolios, as tax and regulatory pressures reshape the buy-to-let market, it has been claimed. Data from Mortgage technology platform Twenty7tec shows buy-to-let purchase searches are down 13.7% year-on-year, while remortgage searches are up 6%. Around two-thirds of landlord mortgage searches…

Thousands of protesters took to the streets in central London on Saturday, in a national housing demonstration organised by tenant groups, trade unions and campaign organisations to demand rent controls and a large-scale programme of council housebuilding. They set off from Soho Square before marching through central London, with event speakers including former Labour leader…

The new PM has “a clear opportunity to make a practical difference to people’s lives”, says CEO Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

The government has rejected almost all amendments proposed by the House of Lords Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

Wandsworth Council has stepped up its enforcement against rogue landlords as part of a borough-wide licensing drive aimed at improving rental standards. Since July, it has carried out 110 inspections and issued more than 40 formal notices to landlords who have failed to meet required safety standards. The council reports its inspectors have found properties…