Average UK home equity stands at £111k, data reveals

By: ameer@trustedteam.com

The average UK property owner is sitting on a home equity of £111,081, according to new data from St Mowden Homes. The data, based on those who purchased in 2020,...

Read More

Why banks remain confident in senior housing loans as staffing, interest costs rise

By: ameer@trustedteam.com

Occupancy rates at senior housing properties are continuing to recover from the hit they took during the pandemic. Bankers point to demographic trends as a source of long-term opportunity.Adobe...

Read More

Real estate brokers pocketing up to 6% in fees draw antitrust scrutiny

By: ameer@trustedteam.com

The lucrative broker commission system at the heart of the residential housing market is facing unprecedented antitrust scrutiny from the Justice Department and two private class-action lawsuits that risk...

Read More

DOJ eyes real estate broker commissions, NAR under scrutiny

By: ameer@trustedteam.com

DOJ’s concern over housing affordability and commission rates For the mortgage sector, the spotlight on commission rates comes at a time when the housing market is already grappling with low...

Read More

Maclean appointed to senior role at Rics

By: ameer@trustedteam.com

Nick Maclean has been elected the next Rics senior vice president (SVP). From the beginning of January 2024 he will join the current president elect, Tina Paillet and current senior...

Read More

Bellway plan to build 31% fewer homes sends down housing stocks   

By: ameer@trustedteam.com

Bellway plans to build around 7,500 homes next year, 31% fewer than it built 12 months ago, in a move that sent a range of listed housebuilders into the...

Read More

News analysis: Do housebuilding promises offer much hope for FTBs?

By: ameer@trustedteam.com

Even with house prices beginning to fall, many hopeful first-time buyers (FTBs) still find themselves comprehensively priced out of the market. The latest figures from Nationwide reveal that house prices...

Read More

London rental supply grows 10% year-on-year: Foxtons

By: ameer@trustedteam.com

New listings over time have been growing steadily through the year,  with a 10% increase in supply of rental properties compared to the same period in 2022. This is according...

Read More

Landlord mortgage interest payments jump 40% to £15bn  

By: ameer@trustedteam.com

UK landlords have seen their mortgage interest payments jump by 40% to £15bn over the last year, data from Hamptons shows.   The collective rise has been sparked by a...

Read More

News Analysis – Time to get tough on conditional selling

By: ameer@trustedteam.com

Fed-up brokers are calling on regulators to toughen up and take action against those who continue to use the unethical practice of conditional selling. Advisers have warned that some estate...

Read More