Property Market News

High interest rates and inflation hit first-time buyers in 2023

Author: Property118.com Landlord News Team

3rd January 2024, 2 years ago | 0

The number of people buying their first home with a mortgage dropped to its lowest level in 10 years in...

The places with the highest and lowest house price growth in 2023

Author: Property118.com Landlord News Team

2nd January 2024, 2 years ago | 0

Huddersfield has emerged as the UK’s house price hotspot in 2023, with an average increase of 8.7%, according to Halifax....

Confidence returns to the UK’s prime housing markets after a turbulent year

Author: Property118.com Landlord News Team

29th December 2023, 2 years ago | 0

Nearly all prime housing markets in the UK have experienced an easing in price falls over the final quarter of...

TSB targets renters with first-time buyer mortgages

Author: Property118.com Landlord News Team

29th December 2023, 2 years ago | 0

With many renters in the UK struggling to become homeowners, the TSB has unveiled first-time buyer mortgages to help. The...

2023 Market Update and 2024 Prediction

Author: Simon Zutshi

29th December 2023, 2 years ago | 0

2023 was a difficult year for many people, with rising interest rates and falling property prices. Many people expected a...

Buy-to-let turmoil as interest-only mortgage payments skyrocket

Author: Property118.com Landlord News Team

27th December 2023, 2 years ago | 2

Landlords using interest-only mortgages have experienced a soaring 283% increase in their monthly interest costs since 2021. The research by...

Londoners leave capital as affordability challenges impact home purchases

Author: Property118.com Landlord News Team

27th December 2023, 2 years ago | 1

The number of homes bought by Londoners outside the capital fell to their lowest levels in nine years. According to...

Boost your rental income in 2024

Author: Simon Zutshi

27th December 2023, 2 years ago | 0

With rising interest rates in 2023, many landlords are not making as much as they would like from their rental...

Property market ends on a high note with surge in sales – Zoopla

Author: Property118.com Landlord News Team

22nd December 2023, 2 years ago | 0

In a mixed year the property market ends on a high note, Zoopla reports. According to its latest House Price...

ONS data reveals record-breaking surge in rent prices

Author: Property118.com Landlord News Team

22nd December 2023, 2 years ago | 2

Rent prices are soaring faster than ever, according to new data. The Office of National Statistics (ONS) has released data...

How Property Investors Can Avoid Negative Equity in 2024!

Author: Ranjan Bhattacharya

21st December 2023, 2 years ago | 0

Whether you’re a seasoned investor or just starting out, these tips are crucial for building a robust and profitable property...

Mortgage worries mount for landlords as renters could face higher rents

Author: Property118.com Landlord News Team

20th December 2023, 2 years ago | 0

Rising mortgage payments will lead to higher rents, the NRLA and Bank of England warn. According to the NRLA, almost...

Scottish budget faces backlash for failing to address housing emergency

Author: Property118.com Landlord News Team

19th December 2023, 2 years ago | 8

The Scottish government has unveiled its budget for the upcoming year with promises to invest in affordable social housing. However,...

Is Modular Development Dead In 2024?

Author: Ranjan Bhattacharya

19th December 2023, 2 years ago | 0

Modular housing, once touted as a time and money saver for property developers, is now not looking like such a...

Busiest rental market in 2023 revealed

Author: Property118.com Landlord News Team

19th December 2023, 2 years ago | 0

Wrexham in Wales has been named this year’s busiest rental market by Rightmove. The city experienced a surge in rental...

Scottish government to unveil budget amidst housing crisis

Author: Property118.com Landlord News Team

19th December 2023, 2 years ago | 3

The Scottish government will unveil its draft budget today, with industry bodies calling for legislation to tackle the housing emergency...

Nationwide predicts lower house prices in 2024

Author: Property118.com Landlord News Team

18th December 2023, 2 years ago | 0

The UK’s house prices are expected to either drop slightly or stay mostly unchanged next year, according to Nationwide. The...

Halifax predicts UK house prices will fall 2-4% in 2024

Author: Property118.com Landlord News Team

15th December 2023, 2 years ago | 0

Halifax, the UK’s leading mortgage lender, is forecasting a steeper drop in house prices for 2024 than was seen this...