Property News In Leeds

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Terraced Homes On Top 25 April 2025

* The average house price in the UK rose to £268,319 in February, a 5.4% year-on-year increase, the highest rate since December 2022. Terraced homes led the way with 6.2% growth year-on-year, reaching an average price of £225,486. Semi-detached homes follow closely behind with 6.... Read More

Community Counts! 12 April 2025

* The Sunday Times" Best Place to Live in the UK 2025 focused on more than just good schools or fast broadband. Most important was a strong sense of community, followed by transport links, culture, green spaces, and a thriving high street.

* Community is vital to residents, 69% of renters would rent longer if there was a sense of community in the local area.... Read More

New homes growing in popularity 03 April 2025

* Not only would 53% of home movers consider buying a brand new home (up from 47% last year), but 21% would prefer a new build (up from 17%).

* The government is committed to building more homes, with a target to deliver 1.5 million new homes over the next five years.... Read More

First-time Buyer Monthly Mortgage Now 15% Cheaper Than Renting! 14 March 2025

* The sharp increase in rental prices over the past few years has made buying a home, on average, 15% cheaper than renting, reversing a recent trend. Currently, the average rent across England and Wales is £1,250 per month, while the average mortgage repayment stands at £1,066.... Read More

Uptick In Mortgage Approvals 08 March 2025

* Mortgage approvals in January were 18% higher than a year earlier, as buyers look to secure properties before the nil-rate threshold for stamp duty reverts from £250,000 back to £125,000 in April.

* While the current rush might leave the market quieter than usual after April, indications are that demand levels are rising modestly with activity increasing, even for sales unlikely to complete before the deadline.... Read More

Sales Blossom In Spring! 05 March 2025

* With the onset of spring comes a wave of renewal with blooming flowers, longer days, and a fresh burst of energy that extends to the property market.

* When it comes to selling a home, February and March stand out as the best months to list.... Read More

Renters Making Their Mark 26 February 2025

* Renter behaviours are evolving. Once viewed as a short-term stepping stone to homeownership, renting is increasingly becoming a long-term choice, with renters putting down roots and truly making their rental property their home.

* A quarter of renters are renting out of choice rather than necessity with 25% also anticipating staying in renting for more than 5 years.... Read More

When Homes Have A Hold On Us 13 February 2025

* Buying a home is like falling in love, you can expect to go through the same ups and downs.

* Love at first sight? Never settle for what doesn"t feel right. The average owner occupier spends 17.6 years in their home, so pick well and be ready to commit to a long-term relationship.... Read More

New Homes Week 06 February 2025

* New Homes Week, launched by the HBF in 2005, is an annual celebration of the benefits of new build homes. The theme for this campaign is ‘Community".

* Home builders delivered around 226,000 homes last year, significantly contributing to economic activity across the UK: £8.... Read More

Cash Sales Fall Back 31 January 2025

* In 2023, there was a particularly strong presence of cash buyers (not requiring a mortgage): 34% of sales England and Wales were for cash, compared to 28%, the average for the 5 years prior to that. This trend has largely reversed in 2024, as mortgage rates started to come down and affordability started to improve, mortgages accounted for a higher proportion of sales (cash sales slipped to 31%).... Read More

Golf Gains 25 January 2025

* Donald Trump has been sworn in as the 47th US president.

* As a real estate developer, Trump began acquiring and building golf courses in 1999. Currently, he owns 18 golf courses worldwide, including two in Scotland.

* Living near a golf course isn"t just about the view- it"s about value.... Read More

Government launches new AI strategy 17 January 2025

* The Prime Minister has published the "AI Opportunities Action Plan" to ramp up AI adoption and make the UK a world leader in artificial intelligence.

* The plan includes 50 recommendations, including to create "AI Growth Zones (AIGZs)" and to work with devolved and local governments across the country to identify opportunities.... Read More