Weekly Property News Round Up – 28.09.24

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

This week, a major report highlighted ongoing challenges in the UK rental market, with limited supply continuing to impact renters’ options. At the same time, new legislation aimed at reforming renters’ rights is set to be introduced, which could bring significant changes for both tenants and landlords. In the property sales market, buyer confidence has shown signs of improvement, contributing to a rise in transactions and renewed market activity across the country.

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…

Property News this Week:

A scarcity of supply has been an ongoing feature of the rental market for the last 3 years. The number of homes for rent is 18% higher than a year ago as lower mortgage rates enable some renters to exit the rental market to buy homes. However, the number of homes for rent remains a quarter (24%) below the pre-pandemic average, limiting choice for renters.

How the Renters Right’s Bill Will Effect Landlords
The government has issued a lengthy detailed guide to all provisions of the Renters Rights Bill, which is being presented to the House of Commons shortly. The full details include a list of all the Bill’s measures – namely periodic tenancies and grounds for possession, rent increases, tackling what it calls “the scourge of Section 21”, details of the Private Rented Sector Landlord Ombudsman, the Private Rented Sector Database, outlawing bidding wars, handling rent rises, renting with pets and the Decent Homes Standard and Awaab’s Law.
 
Buyer Confidence Boosts UK Residential Market
UK residential property transactions hit over 90,000 last month, driven by rising buyer confidence and improved mortgage options. According to HMRC data, in August, transactions reached 90,210, a five per cent on the same month last year, which in part reflects the Bank of England interest rate cut in July. Non-seasonally adjusted transactions surged by eight per cent compared to July, reaching a provisional estimate of 104,330, suggesting renewed market activity.

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!

Popular Posts

North West

Why Off-Plan Property is Booming in the North West

Date: June 3, 2025

2025

Northern Stars: Top UK Cities for Property Investment in 2025

Date: May 30, 2025

PBSA

Is Purpose-Built Student Accommodation A Smart Investment?

Date: May 18, 2025

Property Investment

Top 5 Tips for Investing in 2025

Date: May 6, 2025

Our Best Performing Investments in February 2025

Date: February 28, 2025

Weekly Property News Round Up – 15.02.25

Date: February 20, 2025

Weekly Property News Round Up – 08.02.25

Date: February 10, 2025

Greater London Property Market 2025: Why Investors Are Rushing In

Date: February 7, 2025

Weekly Property News Round Up – 02.02.25

Date: February 6, 2025

Weekly Property News Round Up – 25.01.25

Date: January 27, 2025

Weekly Property News Round Up – 18.01.25

Date: January 21, 2025

Weekly Property News Round Up – 11.01.25

Date: January 13, 2025

Weekly Property News Round Up – 04.01.25

Date: January 13, 2025

Stamp Duty 2025: What UK Investors Need to Know

Date: January 13, 2025

Weekly Property News Round Up – 21.12.24

Date: January 7, 2025

Weekly Property News Round Up – 14.12.24

Date: January 7, 2025

Should I Sell My Buy To Let?

Date: December 19, 2024

Weekly Property News Round Up – 07.12.24

Date: December 9, 2024

Weekly Property News Round Up – 30.11.24

Date: November 29, 2024

Weekly Property News Round Up – 23.11.24

Date: November 25, 2024

The 5 Best Buy-To-Let Areas In Glasgow

Date: November 20, 2024

Weekly Property News Round Up – 16.11.24

Date: November 18, 2024

Weekly Property News Round Up – 09.11.24

Date: November 18, 2024

How Rachel Reeves’ New Budget Could Transform the UK Property Market

Date: November 4, 2024

Weekly Property News Round Up – 02.11.24

Date: November 4, 2024

The 5 Best Buy-To-Let Areas In Edinburgh

Date: October 29, 2024

How To Build A Property Portfolio

Date: October 29, 2024

Weekly Property News Round Up – 26.10.24

Date: October 28, 2024

Weekly Property News Round Up – 19.10.24

Date: October 24, 2024

Weekly Property News Round Up – 12.10.24

Date: October 15, 2024

Recent Posts

North West

Why Off-Plan Property is Booming in the North West

Date: June 3, 2025

2025

Northern Stars: Top UK Cities for Property Investment in 2025

Date: May 30, 2025

Get in touch with us by clicking below and submitting an enquiry.

if you have any questions or would like to inquire about our services, please click on the “Contact Us” button below to be redirected to our contact page. Our team is dedicated to providing exceptional customer service and will do their best to assist you with any inquiries you may have.