Weekly Property News Round Up – 05.10.24

Welcome to this week’s edition of Property News Weekly, where we bring you the latest updates shaping the property landscape.

This week, I share insights on Zoopla’s latest House Price Index report, revealing key trends in the UK property market. Additionally, a report highlighted the need for substantial upgrades to rental properties to meet government energy-efficiency goals. In the sales market, average house prices saw an increase, with Northern Ireland experiencing the most significant growth.

If you would like to speak to our experts for some industry insight on these important questions and discover the strategic opportunities this evolving market has to offer, reply to this article today.

Now, let’s have a look at the latest headlines that have caught our eye this week…

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Property News this Week:

House Price Index Report

Our Director, Tobi Mancuso, provides expert insights on Zoopla’s latest House Price Index report, offering a comprehensive breakdown of the current trends in the UK property market. He explains key data points, such as regional price fluctuations and buyer demand, and interprets how these shifts impact both short-term investments and long-term strategies. Tobi’s analysis helps investors make informed decisions based on the latest market intelligence.

The Staggering Cost of Upgrades to Rental Homes

Approximately 2.9 million rental properties will need to be upgraded at a cost of £23.4bn to meet the government’s energy-efficiency goal by 2030, a report suggested. The third Rightmove Greener Homes Report said this would equate to around £8,074 per property. In August, the government announced it would require landlords to bring the Energy Performance Certificate (EPC) of rental homes up to a minimum rating of C.

House Prices: Fastest Annual Growth in Two Years

Over the last month alone average prices rose by 0.7% meaning a typical UK property is now £266,094 according to Nationwide’s data. Northern Ireland saw the biggest leap in annual house prices, recording an 8.6% jump in September. Meanwhile, the weakest area for property price growth was East Anglia where values fell by 0.8% over the year.

That concludes this week’s updates. If you have any thoughts or questions about these headlines, feel free to reply—I’d love to chat with you about the latest market trends and discuss your investment goals.

I’ll be back next week with more insights on the property market. Enjoy your weekend!

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Weekly Property News Round Up – 05.10.24

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