Estate Agent Today provides daily industry, Estate Agency, Property Market, Housing, Moving Home and Online Estate Agent News updates for the UK's letting agent community.

Banks are anticipating an increase in mortgage lending during 2025, in a boost for buyers and the property market. A forecast from banking trade body UK Finance suggests that with interest rate and cost pressures continuing to ease, the outlook for 2025 is for a gradual improvement in mortgage affordability, feeding into market growth.

As we approach 2025, the lettings industry is entering a phase marked by stabilisation and opportunity. Rental inflation has slowed to an average of 3-4% for new lets, reflecting the effects of affordability constraints; renters’ budgets are beginning to limit how much rents can rise.

Amanda Jarvis-Doyle has spent more than ten years working in the property industry but in August launched her own business selling properties with tenants in situ, as well as offering traditional estate agency services.

In hopes that our readers will comment and share. The year has brought us many twists and turns, From agency takeovers to regulatory concerns. Purplebricks has a new owner while Rightmove rejected Murdoch’s advances,

Rightmove has recorded its busiest ever Boxing Day for new seller activity. The portal has reported a record number of Boxing Day properties listed for sale by agents on 26 December 2024. Its data showed the number of new properties coming to the market for sale was 26% higher than Boxing Day 2023 ...

Of greater concern was the immediate 2% increase (from 3% to 5%) in Stamp Duty on the purchase of a second home which will add a further £10,000 in Stamp Duty costs to the purchase of a £500,000 home, or £400,000 to a £20m portfolio purchase.

The tug-of-war between rising costs and market competitiveness will define 2025 agency fees, an industry executive claims. Amy Selfe, associate director at agency and surveying brand Landwood Group, suggests the property market is set for shifts driven by regulatory changes, evolving buyer behaviours and economic factors, presenting estate agents with valuable opportunities in 2025.

OnTheMarket (OTM) has staked a claim to being the fastest growing property portal in the UK since its acquisition by CoStar Group. Using Similarweb data, OTM said it has seen a 90% increase in total visits in the 12 months to September 2024 compared with Zoopla and Rightmove which experienced a 9% and 1% decline respectively.

Here is today’s Breaking News from the estate agency world. Join the debate by leaving a comment below a story – you will need to be logged-in to do this.