Weekly Property News Round Up – 14.12.24

Welcome to this week’s edition of Property News Weekly, where we bring you the latest updates shaping the property landscape.

This week’s property news hints at a promising 2025 for the housing market. With house prices reaching record highs and buyer demand steadily rising, key factors are set to shape an exciting year ahead. Plus, significant planning reforms are poised to unlock more housing, reinforcing the government’s 1.5 million home target. Stay tuned for all the details behind these key market trends.

If you would like to speak to our experts for some industry insight on these important questions and discover the strategic opportunities this evolving market has to offer, reply to this article today.

Now, let’s have a look at the latest headlines that have caught our eye this week…

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Property News this Week:

Positive Outlook on the Property Market in 2025

The latest house price index from e.surv has echoed recent analyses with a positive outlook for the 2025 housing market. With first time buyers rushing to beat the April stamp duty deadline, and the north of England’s market particularly strong, e.surv says the average house price index England and Wales is now £358,828 – that’s up 0.2% over the past month.


Government Announces Final Planning Reforms

Today marks the unveiling of the long-awaited planning reforms, which are promised to get approval for a huge number of projects. The reforms have been spoken about with housebuilding at the forefront as part of the government’s 1.5m homes target. 
 
Councils are now awaiting their targets, having been told that they have a crucial role to play in meeting the combined housing targets of 370,000 homes per year. Targets for councils will be mandatory and based on the available space and already available housing.
The UK housing market remains resilient, with national house price growth continuing to strengthen and buyer demand maintaining an upward trend, according to the latest RICS Residential Survey for November. Despite higher mortgage interest rates, the near-term outlook for market activity remains relatively positive.

That concludes this week’s updates. If you have any thoughts or questions about these headlines, feel free to reply, I’d love to chat with you about the latest market trends and discuss your investment goals.

I’ll be back next week with more insights on the property market. Enjoy your weekend!

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