Just 29,281 new homes were registered to be built in the second quarter of 2024, less than half the amount you’d need to reach Labour’s target of construction 1.5 million new homes.

Housing has been a priority since day one of the new Labour government, with its promised 1.5m new homes getting a good mention in the King’s Speech.

The lenders’ trade body, UK Finance, has published a report examining why some landlords are falling into mortgage arrears and why the sector generally is so much less profitable than before.

Interesting data realsed by e.surv a RICS regulated firm that provides residential property risk expertise and surveying services across the UK.

Growing mortgage product choice shows growing confidence in aspects of the housing market, even before anticipated rate cuts.

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.