Weekly Property News Round Up – 19.10.24

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

This week, I spotlight the sharp rise in August house prices, with approvals at their highest since August 2022, despite the price surge. Additionally, all eyes are on Rachel Reeves as she prepares to announce Labour’s first budget in 15 years, with potential changes to stamp duty on the horizon. Lastly, the UK has secured a substantial impact investment to tackle the housing crisis. Check out the articles below for more details on these key developments.

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:

August House Prices Have Increased Three Fold

Mortgage approvals are at the highest level since August 2022 despite inflating property prices. UK house prices have increased from July to August of this year, tripling from the same period in 2023, according to the government’s latest house price index. The report indicates a more rapid house price increase between July and August of this year than the previous, rising from 0.5% in 2023 to 1.5% in 2024.

Rachel Reeves 2024 Budget Stamp Duty Effects

Rachel Reeves will announce Labour’s first Budget in 15 years later this month, leading one of the most highly-anticipated fiscal events in over a decade. As the chancellor looks to fill the £22bn “black hole” in public spending she announced in late July, speculation has mounted about what measures will be included on 30 October. Ahead of the event, Ms Reeves is reportedly opting to let current stamp duty exemptions expire by March, ending a tax discount introduced by Liz Truss in 2022. Property market experts have said the measure is likely to severely slow down the housing market.

UK Secures Large Investment for UK Housing

Impact investment, whereby a fund creates beneficial social or environmental impact, has now grown to £76.8 billion in the UK in assets under management. Tens of thousands of new homes are set to be built across Britain funded by over half a billion pounds worth of impact investments announced today (Tuesday 15 October). Coming the day after the Prime Minister announced £63bn of investment into Britain at the International Investment Summit, the commitment from three major financial institutions to invest for impact will directly tackle the most acute housing crisis in living memory, which includes at least 5,000 new homes to address social inequality.

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!

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.

Name

Last Name

Number

Message

I AGREE TO TRACK CAPITAL'S PRIVACY POLICY.

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.

Recent Posts

The 5 Best Buy-To-Let Areas In Glasgow

By Tobi Mancuso

Date: November 20, 2024

Weekly Property News Round Up – 16.11.24

By Tobi Mancuso

Date: November 18, 2024

Dubai Weekly Property News Round Up – 15.04.23

Read Post »

Tobi Mancuso April 16, 2023

Weekly Property News Round Up – 01.04.23

Read Post »

Tobi Mancuso April 2, 2023

Weekly Property News Round Up – 07.09.24

Read Post »

Tobi Mancuso September 8, 2024

Weekly Property News Round Up – 20.07.24

Read Post »

Tobi Mancuso July 26, 2024

The 5 Best Buy-To-Let Areas In Glasgow

Read Post »

Tobi Mancuso November 20, 2024

Weekly Property News Round Up – 16.11.24

Read Post »

Tobi Mancuso November 18, 2024

Weekly Property News Round Up – 09.11.24

Read Post »

Tobi Mancuso November 18, 2024

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

Read Post »

Tobi Mancuso November 4, 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.

Weekly Property News Round Up – 19.10.24

Property News this Week:

Looking for more property investment advice?

Looking for more property investment advice?

Popular Posts

The 5 Best Buy-To-Let Areas In Glasgow

Weekly Property News Round Up – 16.11.24

Weekly Property News Round Up – 09.11.24

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

Weekly Property News Round Up – 02.11.24

The 5 Best Buy-To-Let Areas In Edinburgh

How To Build A Property Portfolio

Weekly Property News Round Up – 26.10.24