Despite the imminence of a rise in Stamp Duty, March was another busy month for the sales market. Indices suggest that values have risen on both a monthly and annual basis, and growth in rental incomes has also remained impressive.

Transaction rates were unusually high in January and February, but predictably more subdued in March. Overall, however, price growth remained positive, particularly in those regions where average prices are more in keeping with average earnings.

On the 3rd March 2025 the UK government announced that it is aiming to abolish the leasehold system and replace it and promote commonhold as the standard tenure for flats in England and Wales.

February was another busy month for the market. Sales have continued to exceed seasonal averages, and several indices suggest that house prices are growing at or above the rate of inflation. Rents, too, are producing real-terms growth.

January proved to be a busy month for the residential market. Listings and sales have both seen a sharp upturn, and capital values are also rising strongly according to

RightMove, Zoopla and others. Rental growth is still outpacing inflation in most regions, as are average yields.

Fortem Property has been appointed as block manager of Telecom House, Wolverhampton.

This block now increases our units under management by 144