First time property

The most recent update from Rightmove's rental trends tracker shows that there has been minimal rise in rents over the past quarter. Nearly 25% of new listings have seen a reduction in their initial asking rent to secure a tenant, reflecting a growth in available properties and a softening in demand.

www.rightmove.co.uk

The most recent figures from Halifax mirror those of Nationwide, indicating a continued increase in house prices. However, this trend is not uniform across all regions: the South East has experienced a decline of 2.3% in house prices over the last year (with ongoing downward pressure), whereas prices in the North and Midlands have seen an increase.

www.halifax.co.uk

Once more, it appears that the government is contemplating a novel mortgage guarantee initiative, enabling first-time homebuyers to secure a property with merely a 1% deposit. This news emerges as we enter the initial phase of the election year - just think of the potential pledges they might make by the time summer arrives!

Sunak considers radical plan for 99% mortgages to help first-time buyers Exclusive: Treasury discussing bold move to help young Britons onto property ladder with only 1% deposits – but experts warn ‘short-term political fix’ could backfire

More than 70 local authority areas have seen average house prices rise over the last year, bucking the national trend, according to new research released by Halifax.

Halifax reveals the top 10 locations where house prices have risen the most in Britain over the last year

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