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The Bank of England is widely expected to hold interest rates at 3.75% when policymakers announce their latest decision on Thursday 30 July. While this may appear to signal stability on the surface, there are a number of underlying factors creating a more complex and uncertain outlook.
The UK property market continues to face a number of challenges, with mortgage costs, affordability, economic uncertainty and the overall cost of moving all influencing buyer and seller decisions.
With the abolition of Section 21 under the Renters’ Rights Act 2025, landlords, tenants, and property professionals alike are facing a major shift in how possession of rental properties is handled. Those who have relied on previously served Section 21 notices must act immediately—or risk losing their ability to use them altogether.
One of the biggest talking points this week has been the 11% week-on-week drop in sales agreed and a drop of 2% on the average asking price of a newly listed properties. While some seasonal softening is entirely normal during the summer holiday period, the scale of this fall has caught the attention of the property industry.