PropertyWire - UK & International Property News Service
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Housing supply drops to eight-year low - PropertyWire
23 hours ago · Annual housing supply has fallen by 6% in England - highlighting the challenge facing the new Labour government. Housing starts fell to a net 221,071 in the 12 months to March 2024, down from 234,292 in 2022-23. In London output fell 9% to 32,162, a nine-year low. Anna Ward, Knight Frank’s
2025 Predictions for the Private Rental Sector - PropertyWire
4 days ago · Allison Thompson, national lettings managing director, Leaders Romans Group (LRG) As we approach 2025, the lettings industry is entering a phase marked by stabilisation and opportunity. Rental inflation has slowed to an average of 3-4% for new lets, reflecting the effects of affordability constra
What are the New Year indicators for the residential property …
3 days ago · By Trevor Abrahmsohn, Glentree International The year 2025 has started early in the residential market, as agents and analysts take out their calculators and peruse the figures of the last 'interesting' quarter. It's a pick-and-mix selection of pluses and …
First-time buyers rushing to beat stamp duty deadline in higher …
2 days ago · First-time buyers are rushing to beat the stamp duty deadline on 1 April 2025 in more expensive areas, analysis from Rightmove shows. At that date the minimum stamp duty thresholds in England will drop from £425,000 to £300,000. In London, only 8% of homes for sale will be stamp-duty free for
Southeast USA dubbed a ‘buyers market’ - PropertyWire
4 days ago · Buyers have the upper hand when negotiating buying property in cities across the Southeast of the United States of America, according to analysis from real estate marketplace Zillow. In the following markets buyers are said to have the upper hand in negotiations: Louisville, KY; Nashville, TN; Me
Sadiq Khan to build rent-controlled homes - PropertyWire
2 days ago · Mayor of London Sadiq Khan plans to build 6,000 rent-controlled homes in the capital by 2030. Rents will be based on 40% of key workers’ average household incomes, with rent rises being potentially linked to wage growth. Khan estimated that the plan would save key workers up to £600 a month.
Property News : UK & International Property News : - PropertyWire
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US builders shifting to condos and townhomes - PropertyWire
Oct 18, 2024 · Housing stock in the US is growing faster than before the pandemic-induced housing frenzy, analysis from real estate marketplace firm Zillow has revealed. Some 1 million single-family homes were completed in 2023, the second-highest annual total since before the global financial crisis – 11% more
US housing market to recover in second half of 2024
Nov 29, 2023 · American home sales are expected to turn a corner in the second half of 2024 after being in something of a malaise, according to a market podcast by Morgan Stanley’s chief U.S. economist Ellen Zentner. Like in the UK, the brakes have been put on the US housing market due to the rising Federal Res