John Saunders

1 week ago | londonlovesproperty.com | John Saunders |Lilly Partin

House prices in predominantly rural areas have risen by 23% over the last five years, compared to 18% in predominantly urban areas. Rural terraced properties have seen the strongest rate of price growth, urban flats the weakest. Andrew Harvey, Nationwide’s Senior Economist, said, “Average house price growth in predominantly rural local authorities has continued to outpace that in predominantly urban areas.

2 weeks ago | londonlovesproperty.com | Peter Stimson |Lilly Partin |John Saunders

The nation’s estate agents are being warned to brace for a busy year of property market activity, as the latest market analysis by GetAgent.co.uk, has revealed that transaction levels in March hit their highest monthly total since June 2021. While much of this activity was likely fuelled by the stamp duty deadline, market momentum is expected to continue into the summer months.

2 weeks ago | londonlovesproperty.com | Lilly Partin |John Saunders

The proposed Renter’s Rights Bill (RRB) states that landlords will be unable to secure fixed-term tenancies for their rental properties, making it difficult to gain the security of agreeing long-term contracts with tenants. But new research by FCC Paragon reveals that among tenants themselves, the appetite for short-term contracts is tiny compared to demand for more standard long-term agreements.

2 weeks ago | londonlovesproperty.com | John Saunders |Lilly Partin

First-time buyers now make up a bigger proportion of the mortgage market, indicating that new buyers are taking advantage of a more favourable environment. That is according to award winning mortgage adviser, Alexander Hall, which identified the trend in its internal application data over the past three years. The figures show that first-time buyer mortgage applications made up 28.7% of all activity seen by Alexander Hall in 2024.

3 weeks ago | londonlovesproperty.com | John Saunders |Lilly Partin

Over half (53%) of small business owners feel their employment status has negatively impacted their property ambitions, according to research from The Mortgage Lender (TML). Of those who felt this way, 21% said they have had to consider abandoning their homeownership ambitions altogether, whilst 17% had concerns that they would never be able to get a mortgage, and 12% pushed back their property ambitions due to fluctuating income.