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The Latest Breaking News from Richard Donnell

Thinking of moving home in 2024 but not sure it's a good idea? This is what the property experts want you to know

We’ve asked the experts for their views on whether 2024 is a good year to move home

Ideal Home

Cash buyers have accounted for around a third of home sales in 2023 – Zoopla

People buying homes without a mortgage are often older, wealthier and buying cheaper properties.

The Independent UK

Zoopla has good news for renters in 2024 – rental prices are finally slowing down, but don't celebrate just yet

Zoopla reports the growth of rents is set to slow down in the new year – signalling the tide of the rental market turning

Ideal Home

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Annual pace of UK rental prices growth expected to halve by end of 2024

Annual rental prices growth is running at 9.7% but Zoopla expects this to slow to 5% by December 2024.

The Independent UK

‘A buyer’s market’: average £18,000 knocked off UK property asking price, says Zoopla

Average discount stands at five-year high despite ongoing long-term shortage of homes for sale

The Guardian - UK

£18,000 typically ‘shaved off’ asking prices to achieve house sales – Zoopla

In London and the South East, sellers are discounting properties by around £25,000, according to new figures.

The Independent UK

Prices falling in most local housing markets in UK, Zoopla finds

All local markets in London, South and East England registered annual house price falls.

The Independent UK

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London house prices fall as UK market undergoes most dramatic slowdown since 2009

Homes in London are better value for money, reports Zoopla, but higher mortgage rates have impacted sales

Evening Standard

OPINION - The London Question: Is this the answer to our housing crisis?

Rents are soaring, yet offices go unused in Canary Wharf and the City as we WFH. Can’t they be turned into new homes?

Evening Standard

German inflation falls to 4.5%; UK home sellers increase discounts; mortgage rates ease – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

UK house prices declined at fastest rate since 2009 in August

Demand among home buyers has fallen, but in the rental sector there is a ‘yawning gap’ between the strong demand for homes and supply, Rics said.

Evening Standard

House prices declined at fastest rate since 2009 in August – surveyors

Demand among home buyers has fallen, but in the rental sector there is a ‘yawning gap’ between the strong demand for homes and supply, Rics said.

The Independent UK

Number of house sales this year ‘on track to be lowest since 2012’

The number of house sales with a mortgage is expected to be nearly a third lower this year compared with 2022, Zoopla said.

The Independent UK

Mortgage costs dampen affordability despite falling London house prices and rising wages

London’s price-to-earnings ratio is in single digits for the first time in 11 years

Evening Standard

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The Independent UK

Is now a good or a bad time to put your home on the market?

Uncertainty over mortgage rates and house prices mean would-be house sellers have some careful weighing-up to do. By Vicky Shaw.

The Independent UK

Housing markets where homes cost over £300,000 ‘more exposed to price falls’

Four in five local housing markets currently registering annual price falls have average prices of more than £300,000, Zoopla said.

The Independent UK

Locations with biggest concentrations of property value rises and falls revealed

Some property value falls have been concentrated in southern England, while the North and Midlands have been hotspots for homes rising in value.

The Independent UK

42% of house sellers ‘shaving over 5% off asking prices to achieve a sale’

Zoopla said its view is that 5% mortgage rates represent a ‘tipping point’ for the housing market.

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news in one place.

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Nottingham Post

Tenants are now spending an average of more than 28% of their earnings on rent

It's the highest proportion seen in a decade

Wales Online

Average British tenant is now spending more than 28% of their earnings on rent

It's the highest proportion seen in a decade

The Independent UK

Rental costs now account for over 28% of earnings in decade high – report

The latest report from Zoopla revealed the proportion of tenants falling behind with rental payments has doubled to 8% in the last six months.

The Guardian - UK

Hunt rules out mortgage support or food price caps; Mortgage ticking time bomb is ‘now exploding’ – as it happened

Jeremy Hunt faces calls to introduce mortgage interest tax relielf from Conservative MPs at Treasury Questions, and rules out price caps on food

Manchester Evening News

Warning over house sales this summer as mortgage rates rise again

Property experts say rising interest rates are continuing to dampen the housing market

The Independent UK

Average fixed mortgage rates edge closer to 6% as more deals are hiked

The typical two-year fixed-rate deal was sitting at 5.98% on Friday, Moneyfactscompare.co.uk said.

Evening Standard

Buying an ex-rental home: one in nine homes listed for sale has previously been rented out

Ex-rental properties can be around a quarter cheaper to buy typically than homes which have been lived in by owner-occupiers.

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