Latest property news
Daily property news in the UK residential sector focused on estate and letting agency, property auctions and property managers.
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Sellers slash prices by 22% to get deals over the line
Access Legal’s Mike Connelly says it is currently the “strongest buyer's market in a generation".
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Chancellor looks to bring in rent controls as cost of living soars
It is reported that Reeves and her fellow Cabinet ministers are alarmed by inflationary pressures caused by the Iran war.
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Flats are falling out of favour
First-time buyers are opting for larger homes rather than flats, according to David Fell, Lead Analyst at Hamptons.
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Street releases “game-changer” AI tool for estate agents
Tom Staff, Co-founder at Street.co.uk, says 'Cortex' will communicate with all an agent's customers simultaneously with individual responses.
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Government denies eviction spike ahead of rental reforms
Landlord Action founder Paul Shamplina says the Government is in ‘total denial’ about rise in tenant evictions.
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Lender calls for reform after Stamp Duty tax take hits £15.2bn
Out-of-date thresholds are dragging more buyers into the Stamp Duty tax net, says Coventry Building Society’s Jonathan Stinton.
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Landlord exodus warning ahead of this week’s Renters’ Rights Act
Quarter of landlords to exit the PRS, with Act due to come into force, Sim Sekhon of LegalforLandlords warns.
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Leasehold homes will be “harder to sell’, warns lawyer
Existing leaseholders could be left trapped and worse off, says Caroline Wild of law firm Forsters.
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Tough market for sellers, claims house buying group
Sellers forced to cut asking prices, endure failed sales or withdraw from the market, reveals House Buyer Bureau’s Chris Hodgkinson.
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HMRC ‘ramps up’ scrutiny of property valuations for Inheritance Tax
The number of cases referred to the Valuation Office Agency (VOA) is increasing, boosting Inheritance Tax receipts.
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