Weekly Property News Round Up – 12.10.24

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

This week, I highlight the introduction of planning passports, a new initiative announced by the prime minister to accelerate apartment construction in towns and cities. Additionally, experts warn that recent declines in mortgage rates may soon reverse, impacting the housing market. Furthermore, the recent base rate cut by the Bank of England has generated renewed interest in property purchases, although remortgaging activity remains limited.

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…

The Pure Property Podcast
Have you listened to our podcast yet? A new episode drops on Monday. It contains the latest property news and free education straight to your favourite podcast platform.
 
Stay tuned in and up-to-date with the latest property news, expert opinions and more! You can listen to it on Apple Podcasts and all other major platforms.
 
We would really appreciate it if you could subscribe and leave feedback for our Podcast on Apple.

Property News this Week:

A radical scheme to speed up the building of more apartment blocks in towns and cities – as opposed to individual houses and bungalows – has been announced by the prime minister on the eve of the Labour party conference. Keir Starmer told the Observer in an exclusive interview that the new system of “planning passports” would be a “game-changer” as the government strives to build 1.5m new homes within five years.

New Rise in Mortgage Rates
Falls in mortgage rates could come to an abrupt halt, according to brokers, with expectations that home loan costs may rise in the coming days. Lenders have been locked in intense competition for borrowers in recent weeks, which has led to consistent falls in the interest rates charged on new fixed mortgage deals. This has led to more activity among buyers and sellers in the UK housing market.

Base Rate Cut Revives Property Market
Intermediaries have seen a revival in interest in the housing market accompanied by an increase in house purchase mortgage applications since the Bank of England cut Bank Rate, according to a survey from the Family Building Society. But there has been less of a rise in the number of homeowners seeking to remortgage while most borrowers are applying for 5-year fixed rate mortgages.

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!

Popular Posts

Should I Sell My Buy To Let?

Date: December 19, 2024

Weekly Property News Round Up – 07.12.24

Date: December 9, 2024

Weekly Property News Round Up – 30.11.24

Date: November 29, 2024

Weekly Property News Round Up – 23.11.24

Date: November 25, 2024

The 5 Best Buy-To-Let Areas In Glasgow

Date: November 20, 2024

Weekly Property News Round Up – 16.11.24

Date: November 18, 2024

Weekly Property News Round Up – 09.11.24

Date: November 18, 2024

How Rachel Reeves’ New Budget Could Transform the UK Property Market

Date: November 4, 2024

Weekly Property News Round Up – 02.11.24

Date: November 4, 2024

The 5 Best Buy-To-Let Areas In Edinburgh

Date: October 29, 2024

How To Build A Property Portfolio

Date: October 29, 2024

Weekly Property News Round Up – 26.10.24

Date: October 28, 2024

Weekly Property News Round Up – 19.10.24

Date: October 24, 2024

Weekly Property News Round Up – 12.10.24

Date: October 15, 2024

Track Capital’s Exclusive Site Visit to Manchester’s Best-Selling Development

Date: October 11, 2024

Weekly Property News Round Up – 05.10.24

Date: October 10, 2024

Weekly Property News Round Up – 28.09.24

Date: October 1, 2024

Why Liverpool’s Property Market Is A Smart Investment Choice In 2024

Date: September 25, 2024

Weekly Property News Round Up – 21.09.24

Date: September 24, 2024

Weekly Property News Round Up – 14.09.24

Date: September 17, 2024

Buy-To-Let: Limited Company vs Personal Ownership

Date: September 10, 2024

Weekly Property News Round Up – 07.09.24

Date: September 8, 2024

Weekly Property News Round Up – 31.08.24

Date: September 5, 2024

How To Make Money From Property (5 Proven Strategies)

Date: August 29, 2024

Weekly Property News Round Up – 24.08.24

Date: August 27, 2024

Weekly Property News Round Up – 17.08.24

Date: August 27, 2024

How to Buy Property for £40K in the UK in 2024: Recap of Our Latest Webinar

Date: August 16, 2024

Where’s The Best Place To Invest In Property In 2024?

Date: August 13, 2024

Weekly Property News Round Up – 10.08.24

Date: August 12, 2024

How the King’s Speech Could Shape Property Investment: Key Updates for Investors

Date: August 6, 2024

Recent Posts

Should I Sell My Buy To Let?

Date: December 19, 2024

Weekly Property News Round Up – 07.12.24

Date: December 9, 2024

Get in touch with us by clicking below and submitting an enquiry.

if you have any questions or would like to inquire about our services, please click on the “Contact Us” button below to be redirected to our contact page. Our team is dedicated to providing exceptional customer service and will do their best to assist you with any inquiries you may have.