New data has revealed a significant demographic shift in the UK property market. According to Santander’s latest figures, one in five (22%) first-time property purchasers in 2025 are aged over 40, representing an increase from 18% in 2024. Remarkably, the oldest first-time buyer supported by Santander in the current year was 70 years old, highlighting […]
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Properties worth more than £2m in England face mansion tax…
Owners of tens of thousands of properties in England valued at more than £2m are set to be hit with a surcharge of at least £2,500 from 2028, in what has been dubbed a mansion tax. The annual charge will come on top of existing council tax, and will increase depending on the price of […]
Buyer demand drops significantly across the UK as uncertainty fuels ‘wait and see’ attitude…
British buyers are hitting the brakes on property searches as they wait to see what November’s Budget will bring, marking the first time in two years that annual sales have dropped.
Home buyers ‘snub’ old houses in favour of new builds due to ‘mould and leaks’…
Prospective homeowners are shying away from buying older properties, deterred by the potential of mould, upkeep costs and leaky roofs. A survey of 1,000 adults currently in the market to buy a home found that 44% are considering new builds, while only 30% are looking at older homes. When it comes to older properties, 41% […]
Average mortgage rates rise for the first time since February…
Fixed rate mortgage deals have got more expensive month on month for the first time since February in an ominous new trend for homeowners.
First-time-buyers waited for crash. Now they’re flooding the housing market…
First-time-buyers waited for crash. Now they’re flooding the housing market…
Britons lose £1.5bn a year in failed house buys as government urged to fix ‘antiquated’ system…
House sales that fall through are costing the economy at least £1.5 billion per year, according to a report for a major bank.
Public can have their say on urban village plan…
A consultation is being held over plans to build an “urban village” on the banks of the River Hull.
House prices fall in August as Budget property tax rumours risk sending them lower…
The typical home’s value fell in August, according to the latest figures from Nationwide Building Society, as speculation over tax changes ‘risks sending prices lower’. House prices edged down by 0.1 per cent or £1,585 over the month, its figures showed. It means the average UK property is currently worth £271,079, which is 2.1 per […]
Asking prices for UK homes drop but July sales hit 5-year high, Rightmove says…
Asking prices for newly advertised British houses and apartments fell in the four weeks to mid-August but the drop was less notable than in the previous two months and sales in July were their highest for the time of year since 2020, a survey showed. Property website Rightmove said on Monday prices for homes put […]
