Chancellor Rachel Reeves appears to have ruled out a revival of the Help to Buy scheme to give young people a lift onto the housing ladder. She said spending on defence had to be the priority for Britain, above incentives to boost the property market, the Daily Telegraph reports. Tax rises When asked about Help…
The exodus of Londoners in search of cheaper property markets has halted, new data from Hamptons suggests. They purchased just 5.3% of homes sold outside the Capital during the first seven months this year, which is the lowest figure since 2013. Number halved Compared to the most recent 2021 peak, the number of homes bought…
OnTheMarket claims it has become the fastest growing property portal since it was bought by global data group CoStar two years ago, CoStar purchased OTM in December 2023 for £100 million with a declaration that it wanted to be “a genuine disruptor to the UK market”, replacing Rightmove as the UK’s number one portal. Now,…
Snippets of industry news: Dawsons appoints new residential lettings operations director; ex-Winkworth sales manager joins Moveli Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
The exodus of landlords from the private rented sector may be slowing down, but has certainly not stopped, according to lettings tech firm Goodlord. Numbers of property owners considering or actively selling-up is now one in four, as implementation of the Renters’ Rights Act looms next month. Numbers lower Goodlord surveyed more than 1,200 landlords…
Recent days have been some of the most turbulent in the UK mortgage market since the aftermath of the September 2022 mini-Budget Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
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