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.

Mortgage approvals rise as buyers prepare for Stamp Duty rush; Jackson-Stops keen to grow network in 2025; TPFG confident for 2025 after ‘transformational year’

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.

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.

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.

Zoopla has launched a new feature that lets users access local area information regarding crime rates, flood risk, and planning applications from for-sale listing details pages.

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.

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.

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