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The Latest Breaking News from Propertymark

Annual house price growth turns negative for first time since 2012 – index

House prices fell by 1.0% on average across the UK in May, Halifax said.

The Independent UK

House prices see first annual negative growth since 2012 with 1% drop

Property prices have now fallen by about £3,000 over the last 12 months

Wales Online

What is behind a rise in evictions and what does it means for the rental sector?

No-fault evictions are on the increase even as the Government prepares to ban the practice.

The Independent UK

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Coalition steps up court fight over rent control and eviction ban

A Petition for Judicial Review has been submitted to the Court of Session

Insider UK

Last month 72% of estate agent outlets ‘made most sales below asking price’

Research from body representing industry in UK underlines that housing market is slowing

The Guardian - UK

Landlords seek legal advice over Scottish Government rent freeze and eviction ban

A coalition of landlords and letting agents are seeking a legal opinion on the bill - including to see if it breaches their human rights.

The National (Scotland)

Rent freeze in Scotland could face legal challenge from landlords

A rent freeze was imposed across Scotland after MSPs voted in favour of emergency legislation to ease the cost of living crisis.

Daily Record

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Landlords seek legal advice over Scottish Government rent freeze

The legislation was passed in Holyrood in just three days last week under an emergency procedure.

The Independent UK

UK house price growth stalls month-on-month in September

Estate agents said that there could be some re-negotiations amid a backdrop of rising interest rates, which could lead to house prices softening.

Evening Standard

House price growth stalls month-on-month in September

Estate agents said that there could be some re-negotiations amid a backdrop of rising interest rates, which could lead to house prices softening.

The Independent UK

Interest rate jump ‘will add nearly £600 per year on average to some mortgages’

Thursday’s Bank of England base rate hike could add to the struggles of first-time buyers, among others.

The Independent UK

Landlords fear rent freeze plans will see tenants refuse to pay at all

LANDLORDS have said plans for a rent freeze in Scotland could give tenants the impression they don’t need to pay rent at all.

The National (Scotland)

Housing stock shortages putting upward pressure on prices, says Propertymark

There is a lack of incentives keeping landlords in the sector, the industry body said.

The Independent UK

London house prices now a record £526,000 on average — but capital still lags behind rest of UK

Latest Land Registry data from May shows the market remains ‘resilient’ as average UK house now costs £283,496

Evening Standard

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Evening Standard

‘Terrifying’, ‘desperate’ and getting worse — inside London’s rental market crisis (where landlords are charging £100,000 in ‘advance rent’)

As average rents skyrocket, tenants are being asked to pay huge sums in advance. Moya Crockett investigates a system on the brink

The Independent UK

Private rental market shrinking drastically as landlords sell up

Over half of rental properties sold in March this year did not return to the rental market, report says

The Independent UK

Number of properties available to rent has plunged, survey suggests

Industry body Propertymark found that on average agents said available rentals have halved from more than 30 to just 15, the BBC reported.

Wales Online

Rents are rising at their fastest rate in seven years

As energy bills, food and other costs rise, those in private rented accommodation are seeing further bills pressure

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The Independent UK

Renters staying put for longer and more landlords selling up, figures show

Propertymark said tenants are living in a property for 23 months on average.

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