The mortgage loan rates have continued their tendency to low gratitude in part to the latest rates of the Bank of England. The average standard variable rate (SVR) has fallen more below 8% month by month and is 7.58%, below 8.18% of the previous year. Since May 2024, the average fixed rate of two years has fallen from 5.91% to 5.18% and the average fixed rate of five years has fallen from 5.48% to 5.10%; Both are low from month to month. These average rates were 5.32% and 5.18% respectively last month. In a 10 -year fixed rate mortgage, the…
Author: Mikhail Sokolov
Savills hires Bhakti Depala Bhakti Depala Savills has strengthened his planning from London with the appointment of director Bhakti Depala, who will be based in the Margaret Street street office of the firm. Depala, a city planner, joins Savills of the Corporation of the City of London, where, in the last 12 years, he has held the positions of senior planning officer, head of planning delivery and, more recent, development assistant and investment of the city. In its most recent position, Depala’s mandate was to promote the city as a place to develop and invest, as well as lead the…
The O’Riordan bonus in Northampton has continued to expand with the acquisition of Mike Neville real estate agents in Rushden, which has a long leg of the Beard group, one of the largest suppliers of property services independently owned by the region. Mike Neville, established in 1984, manages more than 400 properties and has 10 staff members. The number of employees in O’Riordan has now doubled in approximately one year, from 50 to early 2024 to 100 today. O’Riordan Bond currently has 13 offices, including five street branches that opened last year. Simon Bond, Chief of O’Riordan Bond, said: “We…
Welcome to the 17th Statistics Show of the United Kingdom Real Estate Market of 2025, its weekly video documentary in the United Kingdom real estate market. This week, Toby Phillips of TPFG (and Chief of Martin & Co, CJ Hole, Parkers, Country Properties, Mullucks and Ellis and Co Brands) accompany me while deepening in the key holders of the real estate market for week 17 of 2025. ✅ Listing (New market properties) 42.6K New listings this week (last week 32.5k) YTD 6% higher than week 17 or 2024 YTD and 9% higher from YTD compared to 2017/18/19. ✅ Price reductions…
The Federation of Independent Agents (the FIA) has presented its first product under the newly created ‘Pulse’ brand. Press has developed to deliver monthly data and market analysis solutions, fully automated, for real estate agents. The first product is being implemented for free for the members of the FIA, after a successful beta test phase. Each monthly pulse package includes a set of data infographics ready for social networks, professional market comments and a unique 1,000 -words blog article. The blog is based directly on the data points presented in the package, which helps agents to offer insightful illustrated market…
Important changes have been announced regarding the guidance of material information, which was designed and implemented to help support sales and allow agents to comply with their legal obligations under the unjust commercial regulations 2008. Initially introduced at the end of 2023, the guide was introduced in the phases to help bring standardization within the sector and help consumers make more informed decisions through the delivery of unified properties. However, all parts of the current material information guide have been withdrawn with immediate effect, as of May 8, 2025, due to the new Law of Digital Markets, Competition and Consumers…
Tom Bill Allow agents throughout the United Kingdom to have seen a greater decrease in the new instructions of the owners, since more purchase investors to rent leave the rental market, and some cite Conns about the highest regulations and a reduced flexibility in the management of their properties. Rics’s latest report reveals a net balance of -26% deeply in negative territory since -19%. Looking towards the future, the net balance of the short -term rental expectations of +25% suggests increases in rental prices in the next three months due in part to the imbalance of the supply offer in…
The Bank of England has reduced interest rates for the fourth time in a little less than a year. Policy formulators in the bank have chosen to reduce interest rates from 4.5% to 4.25% today. A lower rate is designed to increase spending loans, including mortgages, cheaper. Interestingly, the bank’s fees establishment committee was divided to five members voted to reduce the rates to 4.25%, two voted in favor of a reduction greater than 0.5% and two voted for not changing. Real estate professions throughout the United Kingdom have shared their thoughts about the bank’s decision. Industry reactions: Richard Donnell,…
Mike Day Niccolò Machiavelli declared famous, “Whoever wants constant success must change their behavior with the times.”This appointment underlines the need for adaptability both in our personal and professional life. The change is inevitable, and those who resist him risk the stagnation. In business, leaders who adopt transformation remain competitive and people who adjust their mentality thrive in evolving circumstances. Machiavelli acknowledged that success is not about keeping the old ways rigidly, but about evolving with changing landscapes. Either in business or personal growth, those who recognize the power of change can take advantage of it for their advantage, turning…
Paul offley With only a remaining week until the legislation of new financial sanctions enter into force, allowing agents throughout the country to prepare for new rules. The guild reports that more than 450 member agents attended their web seminars last month, designed to help prepare agents for new compliance requirements. The web seminars addressed the significant changes that affect the rental sector, specifically the new requirement as of May 14 so that all rental agents make checks of financial sanctions of the United Kingdom and report suspicious violations of the implementation of HM Treasury (Offerial). Directed by Paul Offley,…
