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The UK property market is entering another important period of change. The Government has confirmed plans to introduce independent regulation of property agents, with the intention of giving consumers greater protection and creating higher professional standards across the sector.
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.
While location, asking price and property size remain key factors when making a move, rising energy costs and growing environmental awareness are encouraging households to look more closely at how their homes perform.
The UK property market is entering a more challenging period for sellers, with rising mortgage costs, increased competition and more cautious buyers putting pressure on asking prices. Recent figures from Rightmove highlight just how much market conditions are changing, with thousands of homeowners reducing their asking prices every day.