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Property & Finance News

More than 14 applicants for each available home – Foxtons

The London lettings market continues to demonstrate resilience as summer begins, says Foxtons. The agency says a significant rise in applicant registrations and market listings in May points to a...

Rent rises ‘show fairness of landlords and property investors’ – claim

The rate of rent rises in the private rented sector (PRS) has slowed in Scotland according to DJ Alexander, the largest lettings agency in Scotland. It says the average rate...

Bank of England announces interest rate decision

The Bank of England has announced its interest rate decision. The rate remains at 4.25%. It was cut to that rate last month when the Bank’s Monetary Policy Committee (MPC) hinted at...

Prime London rental growth steady as activity remains constrained

The pace of rental growth slowed slightly in May for prime London, says data consultancy LonRes. Activity remains limited by a lack of availability, though new instructions showed signs of picking...

Rayner and Reeves promise 500,000 homes through new bank

Hundreds of thousands of extra homes will be delivered thanks to a government-backed ‘housing bank’. The government claims the National Housing Bank will unlock billions in private sector investment to “turbocharge...

EPCs should tell landlords to fit heat pumps, say MPs

A committee of MPs says EPCs are not fit for purpose, because they look at the cost and efficiency of heating a home, rather than actively supporting decarbonisation. The Energy Security...