The 7am Cut
BuyAssociation curates a weekly news letter of the top property news headlines – to receive your weekly round up of property news, register today.
In the news this week: asking prices up 1%: UK property market sees a 30% surge in house sales; and landlords remain optimistic about their property investments…
Landlords remain optimistic about their property investments
“Almost two thirds (58%) of landlords have said they think buy-to-let property investment is “highly attractive” in the current climate, despite talk of reform and the upcoming Budget sparking debate across the industry.
This is according to a new survey released by Butterfield Mortgages Limited, which also found that the highest proportion of landlords (49%) plan to maintain the size of their existing property portfolio, while 38% said they will increase it over the next 12 months. Meanwhile, 10% said they would reduce their portfolio size”…
– Eleanor Harvey, BuyAssociation
Asking prices up 1% in muted pre-budget market, says Rightmove
“But while prices are largely flat, market activity remains strong, according to Rightmove data. The number of sales being agreed is up by 29% year-on-year, a strong rebound from the weaker market in 2023.
Underlying buyer demand remains strong, with the number of people contacting agents about homes for sale up by 17% compared with this time last year, despite uncertainty caused by what might be included in the upcoming Autumn Budget on 30 October”…
– Jo Thornhill, Laura Howard, Forbes
UK property market sees 30% surge in house sales ahead of Autumn Budget
“Amidst the uncertainty surrounding the forthcoming Autumn budget, the UK property market has seen a surge in activity, with buyers undeterred by economic concerns. Following the Bank of England’s decision to slash interest rates, the property sector experienced a significant increase in sales, with transactions up by one-third compared to the previous year”…
– Amber Murray, BusinessLive
Piling starts on HS2 Curzon Street Station
“Piling is planned to be completed by mid-2025, with the installation of further foundations on top of the piling starting next year. The design of the station will also be finalised over the next year, focusing on the details of features including the roof and the internal fit-out of the station”…
– Grant Prior, Construction Enquirer
Approval expected for hotel near Everton stadium
“Plans for an 80-room hotel by the Bramley-Moore Dock Stadium site off Fulton Street in Liverpool will go to committee next week”…
– Charlie Valentine, Place North West
