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Rising Rents, Landlord Drop-Off, and Leasehold Overhaul

This week’s updates offer a clear signal that the UK property market is entering a new phase. From climbing rents and steady buyer demand to a continued drop in landlord participation and sweeping leasehold reform, the direction of travel is becoming harder to ignore. Here’s what stood out.


Rental growth remains high but begins to steady


According to the latest figures from the Office for National Statistics, UK private rents increased by 6.7 percent in the twelve months to June 2025. This marks a slight dip from May’s 7 percent, but still outpaces inflation, which currently sits at 3.6 percent. The average rent across the UK has now reached £1,344 per month.

London continues to lead the way with an annual increase of 7.3 percent, pushing average monthly rents to £2,252. Meanwhile, the North East saw one of the strongest annual uplifts, with a 9.7 percent rise. Although the rate of growth is easing, demand remains strong, particularly in urban centres. For landlords, the message is clear. Retention, maintenance standards, and efficiency are becoming more important than pushing for further increases.


Landlords continue to leave the sector


For the eleventh consecutive month, landlord instructions have declined. The latest RICS survey puts the lettings instruction index at negative 21. This aligns with data from the Bank of England, which shows that buy-to-let mortgages now account for only 8 percent of new lending. This is one of the lowest figures seen in decades.

Many landlords are citing rising costs, tax changes, and a tougher compliance environment as reasons for exiting. As portfolios shrink, tenant demand is not following suit. This imbalance is likely to put continued pressure on the remaining supply, while also rewarding those who operate with a high level of professionalism and compliance.



House prices hold steady while buyers return cautiously


The average UK house price rose by 3.9 percent in the year to May 2025, up slightly from 3.6 percent in April. However, most indices suggest that prices are flat on a month-by-month basis.

Some areas are still showing strong annual growth, such as Scotland at 6.4 percent and Northern Ireland at 9.5 percent, while regions like London are beginning to level off.

Buyer enquiries are back in positive territory, with RICS reporting a 3 percent increase in June. This does not necessarily suggest a price rally is coming. What it does indicate is that buyers are watching the market more closely and are prepared to act when value aligns with their expectations.


Leasehold reform and rent review legislation are on the table


Labour’s proposed Leasehold and Commonhold Reform Bill is gaining traction. The plan would ban new leasehold flats, cap ground rents, and simplify how leases are structured and sold. In parallel, the English Devolution and Community Empowerment Bill aims to eliminate upward-only rent reviews in new commercial leases.

These changes are designed to rebalance the relationship between property owners and tenants. For landlords and commercial investors, this means it is time to revisit lease structures, forecast models, and legal compliance. What was once standard practice may no longer be acceptable under the new regulatory landscape.


This Week’s 3 Golden Nuggets

This week, we hear from Mitch Nunn, an ex-locksmith turned property investor, who shares how he scaled his portfolio to eight figures.

1. “You control the asset and as the property price increases you benefit wholly.”
Mitch explains the power of leveraging bank finance to scale fast. By using a 75% loan-to-value mortgage, you only put in 25% of the capital—yet you benefit from 100% of the capital growth. For example, if a £100k property rises by 10%, that’s a £10k gain on a £25k deposit—a 40% return on investment. It’s this kind of compounded leverage that turns modest deposits into multi-million-pound portfolios over time.

2. “It’s a ‘get rich for sure’ scheme, but it’s definitely not quick!”
Despite owning 50 properties and collecting 90 rents a month, Mitch emphasizes that wealth in property is built through consistency and time, not hype. He attributes his success to The Compound Effect—taking small, consistent actions over years. The takeaway? Stay focused, stay patient, and let time do the heavy lifting.

3. “Scaling to an eight-figure property portfolio requires leverage in many forms – capital, labour and your network!”
For Mitch, scaling isn’t just about money—it’s about relationships, systems, and mindset. He encourages building a strong team, documenting your journey to attract capital, and letting go of tasks like property management. When you stop answering leaky boiler calls and start thinking like an investor, your business can truly grow.


Summary

This week’s news reinforces what many experienced investors already know. The property market is not slowing, but it is changing. Rental growth remains strong. Landlord numbers are falling. Buyer activity is steady but cautious. And the legal and regulatory framework is being reshaped from the ground up.

All the Knowledge You Need to Make More Money From Property

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Rents Ease, Landlords Exit, and Commercial Terms Shift

This week, the property market continues to reveal deeper shifts that investors and landlords need to be paying close attention to. From a slowdown in rental inflation to a quiet exodus of landlords and reforms to commercial leases, the market is demanding a more strategic and measured approach than ever before.


Rental inflation is cooling, but remains above earnings
Private rental prices in the UK rose by 7.0% in the 12 months to May 2025, slightly down from April’s 7.4%, according to the latest data from the Office for National Statistics. While this may point to early signs of stabilisation, rents are still rising faster than wages in most regions, particularly in London where growth exceeds 10%.

This trend is beginning to shift the focus for landlords. With affordability tightening for tenants, the days of regular rent hikes may be numbered. The opportunity now lies in tenant retention and smart management. Landlords who prioritise lower turnover and efficiency may find more consistent returns as growth steadies.


Landlord supply continues to fall
The Royal Institution of Chartered Surveyors (RICS) reports a decline in landlord instructions for the eleventh consecutive month. Their lettings index currently sits at –21, indicating that more landlords are selling or exiting the market than entering it.

Supporting this, the Bank of England has reported that buy-to-let mortgages now account for just 8% of new lending—a record low. With ongoing licensing costs, tax burdens, and regulatory pressure, many landlords are opting to offload assets rather than adapt to new demands. For those staying in the market, this could result in fewer competing listings and stronger demand from tenants, but it also means tightening margins and the need for full compliance.


House price growth has stalled
House prices grew by 3.5% in the year to April, with the average UK home now valued at £265,000. However, this is a notable drop from the 7.0% annual growth recorded in March. Halifax’s data shows prices have largely held steady in May, with a small 0.5% rise, while other indices suggest minor month-on-month falls.

Interestingly, buyer demand has picked up slightly. The latest RICS residential report shows new buyer enquiries rose in June for the first time in several months. But this doesn’t necessarily mean a price rebound. Instead, we’re likely to see a more balanced market, where deals are being made—but only at the right price.



Commercial leases face legislative reform
The government’s English Devolution & Community Empowerment Bill will ban “upward-only” rent reviews on new commercial leases. This clause, common in office and retail spaces, has long favoured landlords by locking rents into only one direction—up. Its removal means future lease agreements will need to allow for rents to decrease as well as rise.

This could have a stabilising effect on commercial occupancy, especially for small businesses, but it may also force landlords to rethink how they structure future leases and manage long-term income expectations. For investors with exposure to high-street or office units, it’s a moment to revisit rental models and consider tenant resilience more carefully.


Second-home hotspots increase pressure on owners
Local authorities in areas like North Wales are escalating their crackdown on second homes. New measures include 300% council tax premiums, tighter planning regulations, and higher land transaction taxes. These moves are designed to tackle local housing shortages, but they’re also beginning to change the economics of investing in holiday lets and secondary residences.

In the short term, the policies may deliver more housing stock back to the local market. In the long term, however, they could dampen demand for rural or coastal property investment if similar policies are adopted nationwide.


In summary
This week’s updates paint a clear picture. The market is still active, but it’s shifting fast. Rental growth is tapering, landlords are reducing stock, and both residential and commercial investors are being nudged toward tighter, smarter operating models. The era of passive income is giving way to one of proactive management and deliberate strategy.


This Week’s 3 Golden Nuggets from Jackie Collier

1. “Buy your own property and lease it to a housing association (HA).”
Jackie’s biggest advice for those wanting to help people without exposing themselves to high risk is to own the asset outright. Leasing to an HA gives you guaranteed rent, no management fees, and minimal maintenance costs, all while keeping ownership of the property—making it a far safer alternative to handing your money to a third-party scheme.

2. “There are three levels of social housing… Basic, Intermediate and High-level.”
Understanding these categories is crucial. Jackie outlines that Intermediate-level housing—her preferred model—often comes with 3–5 year leases, no voids, and tenant management handled by the provider. The key is choosing the right level of care and tenant profile for your risk appetite and investment goals.

3. “I prefer to search for housing associations in my area on LinkedIn or Google, then look for key people… and connect with them directly.”
Rather than relying on council directories or cold calls, Jackie recommends a more direct, relationship-driven approach. Connecting with HAs via LinkedIn and arranging a chat builds trust and opens doors to long-term leasing opportunities. This method not only works—it also bypasses the gatekeeping that slows many investors down.

All the Knowledge You Need to Make More Money From Property

For more content that will help you stay abreast of the latest changes in the market, and prepare your portfolio for the future, start your FREE trial to Blue Bricks Magazine today.

Not only will you get access to future magazines, but you also get access to over four years’ worth of past issues, including the one referenced in this newsletter AND access to our monthly event, which you can livestream from the comfort of your home.

Start your FREE month trial, which you can cancel at any time, by clicking the button below.

June’s Property Shifts: What Every Investor Must Know

June has been a month of subtle yet significant shifts in the UK property market. For landlords and investors, it’s a crucial time to tighten your strategy and prepare for a landscape that’s changing.


Private rents are slowing, but still rising.
According to the latest ONS figures, private rental prices paid by tenants in the UK rose by 7.0% in the 12 months to May 2025, a slight drop from April’s 7.4%. While it marks a slowdown, this rate is still running far ahead of wage growth. In England, rents rose 6.8%, with London leading the surge at 10.1%.

The story here isn’t just inflation, it’s about a plateau forming. Demand is softening in certain regions, particularly where affordability has been stretched to its limits. The days of easy rent hikes are likely behind us, and landlords are now focusing on long-term tenant retention and cost-efficiency.


House price growth is stalling.
House prices rose 3.5% in the year to April, bringing the average to £265,000, but this is well below the 7.0% annual growth reported in March. Halifax’s data adds further weight, reporting a 0.4% fall in prices in May, with the average house now priced at £296,648. This slowdown is especially apparent in southern regions and parts of the Midlands.

So what does that mean for you? Buyers are regaining leverage, and for those holding underperforming or low-yield single-lets, it might be time to reassess your position. We’re seeing investors shift capital into higher-yield HMOs and commercial-to-resi projects where value-add is still achievable.


Rental growth for new tenancies is cooling.
Zoopla’s latest Rental Market Report shows rents for new lets have risen just 2.8% year-on-year, the slowest pace since mid-2021. The average rent is now £1,287 per month, with London (£2,121), Bristol (£1,651), and Manchester (£1,360) leading the pack. But growth has slowed in many regions, suggesting we’re heading into a more balanced market for tenants.

This data hints at a growing importance on portfolio performance over expansion. Investors who were purely playing the appreciation game may now need to lean more into operational efficiency, tenant quality, and location strength.


Licensing expansion is accelerating.
This is perhaps the most underreported, but financially important shift this month.

More than 30 local councils are currently consulting on or rolling out selective and additional licensing schemes, with major zones launching soon in Preston (October) and Westminster (December). Fees range from £800 to over £1,200 per property, and non-compliance can lead to hefty civil penalties or rent repayment orders.

Some councils are using these schemes to pre-empt incoming legislative changes like the Renters Reform Bill. The bottom line? You must factor compliance into your business model now, not after enforcement begins.


In Summary
June’s numbers paint a picture of a market that’s still strong, but becoming more selective, more localised, and more tightly regulated.

Let us know how you’re planning to adjust, whether it’s selling, refinancing, or restructuring your strategy. And if you need support or insight, we’re here to help.


This Week’s 3 Golden Nuggets

1. “They’re looking to hire a VA to reclaim their time, but they’re too busy to start the process.”
Lukasz nails one of the biggest paradoxes in business ownership. Many entrepreneurs know they need help, but they’re stuck in the very time trap they’re trying to escape. He estimates it takes 30–50 hours over 2–3 weeks to successfully recruit a VA yourself. If you don’t have that time to spare, it may be wiser to delegate the process from day one.

2. “Recruitment is a people-centred process. You need to talk, listen, and assess personalities and skills.”
Lukasz explains that doing it alone means posting ads, handling up to 300 applications, and holding multiple rounds of interviews. If you’re not naturally comfortable with interviewing or lack recruitment experience, it can quickly become overwhelming. Agencies help eliminate this friction by doing the heavy lifting for you.

3. “You get a long-term team member who’s recruited for your needs… There’s strong post-recruitment support because the agency only benefits if your VA stays with you.”
Lukasz outlines the benefits of a fully managed agency model, like his own. Unlike one-off recruiters or pay-as-you-go platforms, this approach gives you a dedicated VA without upfront fees, plus long-term support and stability. For time-poor entrepreneurs who need reliable help without the stress of sourcing, this is often the smartest path forward.

To get full access to Lukasz’s article for free, click the button below!

All the Knowledge You Need to Make More Money From Property

For more content that will help you stay abreast of the latest changes in the market, and prepare your portfolio for the future, start your FREE trial to Blue Bricks Magazine today.

Not only will you get access to future magazines, but you also get access to over four years’ worth of past issues, including the one referenced in this newsletter AND access to our monthly event, which you can livestream from the comfort of your home.

Start your FREE month trial, which you can cancel at any time, by clicking the button below.

Property Prices See Monthly Dip

Property prices in the UK fell slightly last month.

That’s according to the most recent data from the Halifax. The dip was slight – from £298,274 in February to £296,699 in March. 

That meant a monthly drop of 0.5%. However, year-on-year, prices were up 2.8%.

Regionally, the highest annual property growth in England was in Yorkshire and the Humber, with a monthly increase of 4.2%. In Scotland it was 4.3% and Wales 3.7%. Northern Ireland had the highest jump, at 6.6% growth for the average property there.

Twice as many properties sold in March

A spokesperson for the Halifax said the market was now returning to normal after the Stamp Duty rush. 

“Our customers completed more house sales in March than in January and February combined, including the busiest single day on record,” she added.

Despite this, many property analysts remain hopeful that future mortgage interest rate cuts will result in a bustling market again. That’s because the Bank of England is expected to cut it is base rate several times later this year. Wages are also expected to go up.

Good news for future fixed deal mortgage rates

Mark Harris, chief executive of mortgage broker SPF Private Clients, also brought in a glimmer of optimism for would-be buyers. He said Donald Trump’s tariffs had increased the likelihood of better mortgage deals. 

He explained: “If this continues, lenders could respond with a flurry of five-year fixed rates starting with a three as opposed to the current position of only one or two [mortgage rates] priced under 4%.”

All areas see an annual rise in prices

After Yorkshire & the Humber, the next biggest property price rises in England were in the North West (3.8%), West Midlands (3.3%), East Midlands (2.9%), the North East (2.3%) and South East (2%). In Eastern England prices increased by 1.7%, while in London the jump was 1.1%. The rise was lowest in the South West, with just 1%.

Warnings from Wales as Second Home Tax Premium Arrives in England 

From this week, councils in England can now charge higher council tax rates on second homes. 

And around two thirds of local authorities in the country are set to do just that, as part of the Levelling-up and Regeneration Act introduced last year.

In some cases, second home owners could face a council tax bill of around £10,000, thanks to new powers to raise a second homes levy by 100 per cent. Having said that, most owners will be looking at a 77 per cent rise, resulting in an additional £3,672 for the following tax year.

Second home owners in Cornwall to be badly hit

Owners in seaside resorts, such as Cornwall, will be funding the council’s coffers by millions. That’s because there are 14,123 second or ‘holiday’ homes in the town.

In Rutland, near London, second home owners could be looking at a £10,684 increase of their council tax.

Council in popular seaside spots in particular hope the increased tax on second homes will lead to many owners selling up, leaving the property for locals to buy. 

Tenby – a case in point

Judging by the experience of Pembrokeshire Council Council in Wales, however, that isn’t likely to be the case. Their 200 per cent premium on second homes in Tenby resulted in nearly a quarter of all properties in the town lying empty as owners sold them on. 

And, although the town has seen property prices fall – by as much as 8.9 per cent – it’s still not enough for locals to be able to afford to buy. That’s because the average property is still around £273,000.

Councillors admit they ‘went too far’

In an attempt to stem the rate of growth of empty second homes in the town, the council has now reduced the premium to 150 per cent. 

But some local businesses say it may be too late. They’ve already suffered financially by the loss of tourist trade from second home owners. They’re also wondering if the town will ever fully recover. English local authorities should definitely take note.

House Prices ‘Up’ for Sixth Month in a Row

The rush to purchase property before the Stamp Duty cut-off next month is reflected in recent house price growth.

According to the Nationwide Building Society, property prices in the UK jumped 0.4% between January and February. And that figure is expected to increase even higher as buyers attempt to conclude their property transaction before the April 1 deadline. Incidentally, around 25,000 first-time buyers in England are expected to miss it, says Rightmove.

Right now, the average property price in the UK is £270,493, according to Nationwide’s latest findings.

The rise in property prices is the sixth increase in a row and a 3.9% annual rise. 

Economist Ashley Webb of Capital Economics, believes it isn’t just the forthcoming Stamp Duty change that is increasing the value of property. The statistics, he said, implied that buyers were undeterred in general. To the extent that…”the housing market continues to shrug off both the weak economy and the recent rises in mortgage rates,” he said.

Flats fall from grace in UK property market

Meanwhile, one area of the market which isn’t faring quite as well as others, is in apartments (or flats). According to Zoopla figures, the values of flats has only grown 7% over the past five years, while houses have gone up by almost a quarter (24%). 

Zoopla’s own analysis blames the period during the pandemic when house owners wanted more space, preferably houses with a garden. Its spokesman says the market in flats still hasn’t recovered from this. This is compounded with the fears over poor cladding in recent years.

Rightmove 4th most popular website in UK

Meanwhile, a report by online property portal Rightmove showed that a total of 16.4bn minutes was spent viewing properties on its website last year. That was a 6% increase on the previous year, and resulted in the portal being the fourth highest website in the UK for hits. Only the BBC, Reach newspapers and the government’s own website received more visits in the past 12 months.

London Property Prices Flatline Says Government Figures

Property prices grew 4.6% in December year-on-year, according to official government figures. 

Published this week the HM Land Registry price House Price Index also showed an annual increase for November, albeit quite a bit lower at 3.9%.

The figures recorded the average property in the UK at £268,000 for the last month of the year. In terms of price increases, three areas stormed ahead – Northern Ireland, Scotland and the North East. House prices there grew 9.0%, 6.9% and 6.7% respectively. 

No rise for London homeowners

That’s in sharp contrast to London where there was no growth year-on-year in December. And, in fact, property prices fell by 0.3% between November and December 2024. The high property prices in London mean that the least affordable areas of London were still higher than many of the more upmarket areas in the North East.

House values also increased in both England and Wales for the year to December 2024. This was at a lower rate – 4.3% in England and 3% in Wales. 

Stamp Duty changes expected to impact prices

Analysts believe the property growth figures won’t be as spectacular towards the end of 2025. That’s because more homes are coming on to the market and, at the same time, Stamp Duty costs are reverting to their previous figures. That means having to pay stamp duty on properties priced £125,000 and over. First-time buyers will have to start paying tax on homes up to £300,000 (instead of £425,000). Higher-rate tax payers will also see an increase in capital gains tax, up to 24%.

The market is still expected to be busy however, thanks to a stabilising economy and lower mortgage interest rates. Wages have also gone up over the past year.

Yopa chief executive officer, Verona Frankish, said: “We’ve already seen one interest rate reduction so far in 2025 and it’s shaping up to be a year of even greater positivity where the property market is concerned.”

‘Plan for Change’ to Make Private Rentals More Energy Efficient

Private landlords in England and Wales could end up forking out thousands of pounds in order to get their properties compliant with new government energy efficiency rules.

Under the government’s Plan for Change initiative all private rental properties will have to meet minimum energy standards by 2030. Government analysts say the costs to upgrade to a new Energy Performance Certificate (EPC) level ‘C’ will cost landlords anything from £6,100 to £6,800.

The proposal is currently out to consultation, with landlords and renters urged to make their feelings known.

A spokesman for the Department for Energy Security and Net Zero said the move could benefit renters by cutting back their fuel bills to the tune of £240 a year.

Landlords to look at solar panels and cavity wall insulation

In order to remain complaint with the proposed legislation landlords will have to invest in double glazing, cavity wall insulation and other measures to ensure tenants remain warm in their homes. Solar panels and smart meters may also be considered.

Deputy Prime Minister and Housing Secretary Angela Rayner said: “Through our Plan for Change we are driving up housing standards, improving quality of life, and slashing energy bills for working people and families.

Ed Miliband, Energy Secretary, added: “These plans will also make sure that all private landlords are investing in their properties, building on the good work of many to upgrade their homes to Energy Performance Certificate C or higher already.” 

Nearly half of landlords already compliant 

The good news is that around 48% of private rental homes are already compliant with the new proposed government standards. The current EPC standard for private rental properties is ‘E.’

One of the proposals in the consultation is whether to give landlords an additional two years after the 2030 cut-off to get up to standard. Another is to limit the cap for landlords to a cost of £15,000 per property, while a third is to introduce an affordability exemption, limiting the cap to £10,000, for a property with a lower rent or a reduced council tax band.

Your first New Years Resolution for 2025: Check if your properties are in one of the 37 licensing schemes currently under consultation or about to be implemented

The new Labour government recently announced that from 23 December 2024, local housing authorities in England do not need to obtain confirmation from the Secretary of State if they wish to implement a selective licensing scheme – of any size.

Local authorities are increasingly adopting selective licensing schemes to improve standards in the private rented sector. These schemes require landlords to obtain licenses and meet certain conditions, with penalties for non-compliance.

Research from Yuno showed that the introduction of selective licence schemes had little impact on improving standards, although local housing officers report that it can help improve enforcement ‘on the ground’ especially as they can impose civil penalties.

This is quite a big change to the current rules. Although the local housing authorities must consult for at least 10 weeks on the proposal, Yuno is aware that the reach and effectiveness of these consultations can vary dramatically. In some cases, this means they can be implemented without the landlord’s knowledge unless they are proactively keeping up with lettings legalities or their rental property is being managed by a qualified agent.

Paul Conway, CEO of Yuno, explained that the implications for landlords could be incredibly negative – and costly. “This will increase the chances of all landlords & agents being caught out by widening licensing in an area, especially if it’s not well publicised. It could also increase their ongoing costs due to the licence fee charged.” At Yuno, we’ve seen fees for new applications in Leeds as high as £1,225 versus others such as Ashfield which charge £350.

Not licensing a property correctly could currently lead to fines of up to £30,000 per offence.

However, Paul goes on to say that for qualified agents, this is a good opportunity to talk to self-managing landlords or landlords that currently use their let-only service to see if they would prefer to move to full management. Supporting landlords to identify and fulfil licensing requirements quickly and efficiently, be it a new licensing scheme or the Renters’ Rights Bill being implemented in 2025.

Which areas are affected?

According to data from Yuno, there are 37 licensing schemes across England that are currently under consultation or could be coming soon to a council by which your properties will be affected by, some key schemes include:

  • Blackpool – Selective Licence Scheme
  • Carmarthenshire – Additional Licence Scheme
  • Gateshead – Selective Licence Scheme
  • Gelding – Selective Licence Scheme
  • Lancaster- Selective Licence Scheme
  • Manchester – Selective Licence Scheme
  • Mansfield – Selective Licence Scheme
  • Newcastle upon Tyne- Additional Licence Scheme
  • North Lincolnshire- Selective Licence Scheme
  • North Yorkshire – Selective Licence Scheme
  • Reading – Selective Licence Scheme
  • Rochdale – Additional Licence Scheme
  • Salford – Selective Licence Scheme
  • Sandwell – Additional Licence Scheme
  • Stockton-on-Tees – Selective Licence Scheme
  • Walsall – Additional Licence Scheme

London will see the most new licence schemes, including:

  • City of Westminster – Selective Licence Scheme
  • London Borough of Barking and Dagenham – Additional Licence Scheme
  • London Borough of Enfield – Additional Licence Scheme
  • London Borough of Wandsworth – Selective Licence Scheme
  • London Borough of Waltham Forest – Additional Licence Scheme

This is just a selection of licence schemes/consultations – so landlords and agents need to be alerted to the fact they may well be implemented shortly and check if their area is going to be affected.

To find out about all the areas and licensing schemes either being introduced or under consultation, do get in touch with Yuno. In addition to assessing your existing portfolio for licensing, Yuno can also support you with planning, fire safety and energy issues, helping ease the pressure of complex letting compliance for landlords and agents, saving time and money.

For more information, contact Yuno at paul@goyuno.com

Source: https://www.gov.uk/government/publications/selective-licensing-in-the-private-rented-sector-a-guide-for-local-authorities/selective-licensing-in-the-private-rented-sector-a-guide-for-local-authorities

What is Yuno?

Yuno has been developed to help businesses and property owners navigate complex UK legislation and compliance requirements by reducing risk and supporting growth using time-saving insights, tools, and resources needed to keep properties safe, secure, efficient and compliant.

A number of prominent sales and/or lettings companies already use Yuno, including Savills, Hamptons, Martyn Gerrard, Paramount and Aspire to name a few. Yuno allows the monitoring and reporting of each individual property, including within large portfolios, to clients that helps safeguard their investment.

For press commentary, contact paul@goyuno.com

Phone number – 020 3848 2205
Website – www.goyuno.com
Social media outlets – support@goyuno.com

House Prices Down on Monthly Basis Say Halifax

House prices fell for the first time in nine months. The fall of 0.2% was on a monthly basis, and between November and December last year.

That’s according to the latest housing data from the Halifax which showed the cost of the average property sat at £297,166 in December. However, despite the fall, property is still 3.3% higher than the same period last year.

Northern Ireland saw the biggest annual increase in house prices, at 7.4%. Next was the North West with 5.3% and the North East at 4.6%. The lowest annual increase in the average property value – 0.2% – was in Scotland.

Halifax and Nationwide collide over data 

The Halifax results are in sharp contrast to Nationwide’s data. The latter reported that property had, in fact, gone up by 0.7% between November and December. Halifax sample 3,000 more data points than Nationwide and these are larger in northern parts of England, accounting for some of the discrepancy.

Amanda Bryden, head of mortgages at Halifax, attributed the higher figure in November and earlier in the year to increased demand. This, she said, had been triggered by the lowering of mortgage interest rates together with an increase in wages and the lowering of price inflation.

“Providing employment conditions don’t deteriorate markedly…buyer demand should hold up relatively well and, taking all this into account, we’re continuing to anticipate modest house price growth this year,” she added.

Developers noted increased demand after rates cut

York-based house developers Persimmon confirmed it had seen an increase in buyer demand when mortgage interest rates had first fallen in summer last year. Its total sales for 2024 was around 15,500 properties. This was almost 600 more properties than the previous year.

The Bank of England is expected to reduce its base rate further this year, prompting mortgage lenders to reduce interest rates. Certain lenders, such as HSBC, Halifax and the Leeds Building Society have already reduced mortgage interest rates this month in anticipation of future Bank of England rate cuts.

Other factors expected to affect the market in 2025 is the ceasing of the current Stamp Duty relief options at the end of March.

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