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Weekly Property News Round Up – 04.01.25

By Tobi Mancuso

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

House prices in Stoke-on-Trent surged by +17.2% over the past year, leading the UK in growth, with Slough and Oldham close behind. First-time buyers are making a notable impact in these areas. Looking ahead, 2025 will bring significant legislative changes to the property sector following Labour’s recent election victory.

These reforms are set to impact millions of homeowners and tenants. UK house prices also ended 2024 on a high, showing strong growth despite recent challenges. Stay tuned for the full story behind these updates.

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:

Halifax Reveals 2024’s Highest Regional Rises & Falls 

House prices in Stoke-on-Trent surged by +17.2% during the 12 months to September 2024, emerging as the best performing area for house price growth in the UK housing market, according to the latest data from Halifax. 
 
Following closely behind, Slough experienced a rise of +14.9% in house prices, and, in Oldham, the cost of a home increased by +14.6%.  Research from Halifax earlier this year found that over seven in 10 (73%) house purchases in Slough were made by first-time buyers.
 

New Property Laws & Changes Coming In 2025 

As we approach the new year, significant legislative changes are on the horizon for the property sector. These fresh laws and regulations will impact millions of homeowners and tenants nationwide, so it’s crucial to get up to speed with them.
 
The Labour party, following their victory in the general election earlier this year, is driving these changes. In October, Chancellor Rachel Reeves unveiled a series of major shifts in the property sector during Labour’s inaugural Budget.
 
UK House Prices Rise Nearly 5% In 2024 
House prices rose for a fourth consecutive month in December, ending 2024 on a “strong footing”, Nationwide said, with the cost of an average home hitting £269,426. The building society’s monthly tracker found prices in December rose 0.7% on the previous month and were up 4.7% on an annual basis. 
 
This marks the strongest rate of annual price inflation since Nationwide recorded 7.2% in October 2022, the month after the former prime minister Liz Truss and chancellor Kwasi Kwarteng’s disastrous mini-budget sent borrowing costs soaring.

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 hope you have a great weekend.

Looking for more property investment advice?

Get in touch with our friendly team today to discuss your situation and start laying out a plan to secure maximum return on investment. Feel free to contact us using the form below.

Looking for more property investment advice?

Get in touch with our friendly team today to discuss your situation and start laying out a plan to secure maximum return on investment. Feel free to contact us using the form below.

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