The five facts hitting the housing market hardest in the last 7 days.
- Interesting observation by the conveyancing industry, that the expected post-budget rebound in transactions hasn’t materialised
https://thenegotiator.co.uk/news/uk-housing-market-news/conveyancers-see-no-evidence-of-property-market-rebound/ - First time buyers back in highest numbers for 20 years, making nearly half of all purchases in London and with 93% having only 5% deposit. Is extended lending helping?https://thenegotiator.co.uk/news/uk-housing-market-news/first-time-buyers-inject-momentum-into-property-market-with-highest-share-in-20-years/
- RICS clutches at straws of optimism in a “less negative” market report for January https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/UK-Residential-Market-Survey_January-2026.pdf
- Government teases new Help to Buy scheme which would be very bad news again for affordability. Artificial stimulus is always a bad idea. https://www.telegraph.co.uk/money/property/buying-selling/labour-considers-new-help-to-buy-scheme/
- It’s working! Seller forces London agent chain to cut their sole agency contract length in half, from 16 to 8 weeks, after they initially said they couldn’t https://x.com/moving_charlie/status/2021291724669096020?s=46
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