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The UK property market continues to experience changes, with prime property prices falling across London and several regional markets. However, there are signs that the pace of decline is slowing as sellers adjust their asking prices and buyers become more confident about negotiating.
The Conservatives have unveiled a series of proposals aimed at reducing taxation and regulation, with housing and housebuilding featuring prominently within their plans. The party has described the wider programme as the “biggest deregulation project in a generation”, with proposals including abolishing stamp duty on property purchases.
The UK rental market is entering a new chapter, and landlords, tenants and letting agents are all having to adapt. One of the biggest changes is the move away from traditional fixed-term tenancy arrangements towards rolling, or periodic, tenancies.
Summer is traditionally a quieter period for the UK property market, with school holidays, family commitments and overseas travel often causing buyers and sellers to put their plans on hold. This year, however, prolonged hot weather appears to have added to the seasonal slowdown.