Leasehold ban delayed as phased reform approach confirmed
A complete ban on new leasehold properties in England and Wales will not be implemented before the next general election, according to housing minister Matthew Pennycook, who has outlined a…
UK estate agency workforce drops 14% as AI adoption rises
The number of estate agents and auctioneers in the UK has fallen by 8,600 in nine months, according to employment data analysed by prime London agency Jefferies London, as the…
Four in ten letting agents unaware of rent advance restrictions
More than 40% of letting agents remain unclear about new restrictions on rent in advance payments as the Renters’ Rights Act comes into force on 1 May, according to research…
Business rates hike forces estate agents to consider job cuts
A Somerset-based estate agency has warned that a 50% increase in business rates, combined with the impact of the Renters’ Rights Act, may force the firm to make redundancies. TOR…
Assetz Capital provides £2.73m for Midlothian development
Assetz Capital has completed a £2.73 million development finance facility for the refinance and completion of Dalmahoy Farm Villas, a part-completed residential scheme in Midlothian, approximately 12 miles south west…
Pallas Capital completes £970k exit loan in five weeks
Pallas Capital has completed a £970,000 development exit loan for a residential scheme in Kibworth, Leicestershire, within a five-week timeframe. The 12-month bridging facility refinances an existing development facility and…
UK flat sales face pressure as landlord supply rises
The UK flat market is experiencing a supply-demand imbalance as landlords exit the sector ahead of upcoming rental reforms while buyer preferences shift towards houses, according to data from Hamptons.…
Stamp duty receipts reach £15.2bn after threshold changes
Stamp duty receipts totalled £15.2 billion in the 2025 to 2026 tax year, representing a £1.3 billion increase on the previous year, according to analysis of HMRC data by Coventry…
Knight Frank cuts UK house price forecasts on economic headwinds
Knight Frank has downgraded its near-term UK house price forecasts whilst raising longer-term projections, citing current economic uncertainty alongside more optimistic assumptions about future government policy. The estate agency now…
Leasehold reform may create two-tier property market
Leasehold properties could face marketability challenges as the government moves towards commonhold ownership, according to a property lawyer responding to recent consultation proposals. Caroline Wild, Counsel in Forsters’ Real Estate…