The 7am Cut
BuyAssociation curates a weekly news letter of the top property news headlines – to receive your weekly round up of property news, register today.
In the news this week: UK housing market set to experience a strong Autumn; Manchester is now the top hotspot for first-time buyers; and UK property equity surges to new record…
UK housing market is “accelerating” as prices remain resilient
“Thanks to a growing level of confidence in both the UK housing market and the wider financial market, leading to more enticing mortgage options for borrowers, house prices have climbed by 2.4% over the past year, according to Nationwide – the fastest rate of growth in almost two years”…
– Eleanor Harvey, BuyAssociation
UK housing market poised for upswing
“The UK housing market is set to experience a strong autumn driven by increased supply, heightened buyer and seller activity, and a renewed confidence following the recent interest rate reduction”…
– Ryan Bembridge, Property Wire
Manchester tops list of most popular first-time buyer hotspots in the UK
“Manchester is now the top hotspot for first-time buyers in the UK, according to new research by a major bank. Halifax has now revealed Britain’s hottest locations for first-time buyers, where those stepping onto the property ladder are reshaping the local housing market”…
– Phoebe Jobling, Manchester Evening News
UK property equity surges to new record as house prices recover with falling rates
“The value of the UK’s property equity is higher than ever before having surged to almost £6 trillion, new research has revealed.
The study by the Equity Release Council calculated that recovering house prices helped to increase the figure to an “unprecedented” £5.7 trillion in the three months ending June 30, 2024”…
– Bethany Wales, CityA.M
Property industry reacts to latest UK house price data
“Property professionals have welcomed the latest UK house price data – a key indication that the outlook for the housing market appears to be improving.
The average price of a home unexpectedly dropped by 0.2% in August compared with a month earlier but there are key signs that conditions in the market are getting better, the latest data from Nationwide revealed on Friday”…
– Marc Da Silva, Property Industry Eye
Manchester hailed as a ‘thriving hub’ for new businesses
“Away from the capital, Manchester came out on top in Tend Legal’s list. The north-western city saw 28,045 new businesses incorporated during the time period, with 20,835 business closures over the same time five-year stint.
Manchester has numerous qualities that attract new businesses and investors, and this has become more heightened in recent years due to more companies and top talent leaving the capital city for the country’s many top-performing regional cities”…
– Eleanor Harvey, BuyAssociation
