In recent times, the UK property market has been nothing short of turbulent. Rising mortgage rates and the cost-of-living crisis have cast a shadow over the housing sector, leaving many uncertain about their next move. However, amidst this uncertainty, the election of the new Labour government provides some hope for home buyers.

Today’s homebuyers might find it hard to believe that back in the late 1960s a house in the United Kingdom could cost less than £4,000. Yet, for the Silent Generation (born between 1928 and 1945) and the Baby Boomers (1946-1964), this was simply a fact of life.

As the new Labour Government settles into power, rental reform will be one of the items at the top of the to-do list.

The Chancellor has unveiled mandatory housebuilding targets and hinted at Labour’s upcoming plans for the private rented sector.

Rents in June 2024 rose by 6.7% year-on-year, according to the latest figures from the Goodlord Rental Index.

It's no surprise that the Labour Party won the general election, due to the dissatisfaction with the former Conservative Government. Still, we don't think anyone expected it to be such a landslide victory for Labour. 

House prices are now at 0% inflation but are expected to rise by 1.5% by the end of the year. Here’s the latest on the UK housing market from the Zoopla House Price Index: June 2024.

The Short Term Accommodation Association has accused councils of cracking down on short-term rental stock rather than concentrating on bringing empty homes back into use.