Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Prime London property sales plunge as wealthy wobble
Tax uncertainty and stalled confidence mean buyers and sellers are putting high-end deals on ‘pause’ as they await clarity, warns LonRes.
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AGENT: Is it mortgage madness to lend at 6.5 times salary?
Leading London agent seeks to reassure the housing market that HSBC's recent salary multiple announcement isn't as risky as it looks.
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BLOG: How would a mansion tax affect estate agencies?
Chancellor Rachel Reeves considers a Mansion Tax Eamon Shahir looks at how this would affect estate agents operating under and above its £2m threshold.
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BLOG: Bad conveyancers are like knotweed in property chains
Alex Goldstein takes a light-hearted look at the problems professionals like him face when dealing with sub-optimal conveyancing solicitors.
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INDUSTRY REACTS: Base rate held at 4% for second month
Base rate decision widely expected as MPC waits for clearer signs that inflation is easing before making any further cuts.
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Savills: ‘No real growth’ in housing market until after next election
High interest rates, weak sentiment and fears of tax rises are suppressing demand, with prices not expected to grow in real terms until 2028, warns big estate agency.
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Base rate boost – will the Bank cut interest rates today?
There is speculation that Governor Andrew Bailey will hold the casting vote on a 0.25% base rate reduction today.
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Falling mortgage costs ‘set to boost housing market’
Property industry has welcomed news that average mortgage rates have dropped below 5% amidst Budget gloom.
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Does the sales market REALLY need a Budget boost, asks leading agent
Marc von Grundherr comes to the defence of the property market amidst Budget gloom caused by vendors 'waiting to see'.
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Wannabe homeowner confidence slumps as affordability crisis continues
Affordability crisis and tax uncertainty are locking a generation out of the housing market, warn building societies.
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