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Construction leaders warn the UK may miss its 1.5m homes target as rising employment costs, taxes, planning delays and labour shortages slow housebuilding. #UKHousing #Construction #UKEconomy
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🏖️ Seaside housing market cools down Coastal home prices rose just 1% this year, a sharp slowdown after pandemic boom. Factors: end of remote work & rising taxes on second homes. #HousingMarket #SeasideHomes #RealEstate #PropertyNews #UKHousing
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Lifting the cap on rent increases in Scotland could trigger a housing crisis, warns tenants' union. With wages flatlining and housing costs soaring, urgent action is needed. #ScottishHousing #RentCrisis #AffordableHousing
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The Government is set to grant councils and mayors enhanced powers to seize land for affordable housing, eliminating the need for central government approval for compulsory purchase orders (CPOs). buff.ly/KWh7yNX #property #housing

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Data from Savills recently revealed a significant rise in the number of property millionaires in Britain, with over 700,000 homes now valued at £1m or more. buff.ly/cFY8iAN #Property #housing

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The number of planning permissions granted in England has reached its lowest level since 2014, with only 242,610 homes approved in 2024, a 2% decrease from the previous year. buff.ly/gku1LEt #planning #property #Housing

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House prices in the UK experienced a slight decline in February, with the average price falling by 0.1% to £298,602, according to Halifax. buff.ly/9R8BRS4 #housePrices #Property #housing

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Josh Kirby in the Daily Telegraph claims that many new-build homes are unattractive and poorly designed. He quotes a 2020 report funded by the Government that highlighted the need for beauty in architecture. buff.ly/MiAmieg #property #Housing

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Writing in The I, Hamish McRae notes that while the current economic outlook is gloomy, with growth expected to fall below the 2% forecast, the housing market remains resilient. #Housing #HousingMarket
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This year, 1.8m homeowners will see their fixed-rate mortgages end, with interest rates nearly doubling. #mortgages #property #InterestRates
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#HousePrices in Glasgow have surged by nearly £50,000 over the past five years, marking a 37% increase since 2020, according to DJ Alexander Ltd. The average home price in Scotland has risen from £147,731 in January 2020 to £188,807 in December 2024, reflecting a 27.8% increase.
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Home buyers are racing to complete purchases before the impending stamp duty changes on 1 April, which could cost them thousands. buff.ly/ESkUAEn #StampDuty #property #housing

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First-time buyers in Britain are facing an average monthly mortgage payment of £940, which is £350 more than five years ago, according to analysis by Rightmove. buff.ly/8OgqCJv. #mortgages #Property

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The Financial Conduct Authority (FCA) has promised “swift action” on making #mortgages more accessible, with the City watchdog set to launch a consultation on simplifying rules, as well as alternative approaches to stress testing. buff.ly/XHwMjcs #FCA #Property #housing

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Recent analysis reveals that many areas in England facing severe housing pressures are set to experience significant reductions in homelessness prevention grants. #property #PropertyMarket
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Selfridges' property portfolio saw a significant devaluation last year, with its assets dropping by £638.6m, representing a 20.6% decline.
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Recent trends show a significant increase in older homeowners opting to upsize rather than downsize. According to Hamptons, there was a 25% rise in movers aged 60 and above in 2022/23 compared to 2018/19 - with many looking for more space, not less. buff.ly/4heOKf8

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Recent data from Zoopla has revealed that Hartlepool currently has the lowest property costs in the UK at £118 per square foot - contrasting sharply with Kensington and Chelsea in London, where prices soar to £1,373 per square foot, or nearly £38k for a double bed-sized space.
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The Intermediary Mortgage Lenders Association estimates that 3.1m households have been denied homeownership since the financial crisis due to stringent lending criteria for freelancers. buff.ly/3Y0UnVf

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A survey by Knight Frank reveals that almost all housebuilders are sceptical about the government's target of constructing 1.5m homes within five years. Only 2% of respondents believe the sector can meet the Government's pledge of at least 300,000 homes annually.
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