Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Housing Secretary accuses Greens of hypocrisy on housing
Labour’s Steve Reed says the Green Party talks about the housing crisis while opposing the building of tens of thousands of new ones.
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Property deal numbers fall by more than 40%
The latest transaction figures from HMRC show a big drop from last year, but a small monthly rise.
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Wait-and-see policy as Bank keeps rate on hold at 3.75% – industry reaction
Bank Rate left unchanged as rate-setters weigh persistent inflation against economic uncertainty and the Gulf crisis.
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Bank expected to hold Bank Rate today
Decision makers at the Bank of England are set to keep the rate at 3.75% with inflation above target.
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Chelsea mansion owner ordered to tidy garden hit by Japanese Knotweed
Neighbours complained about the state of the property to Kensington and Chelsea Council, which has taken action.
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Gulf crisis not affecting house sale times, Zoopla data shows
Average time to sell holds steady at 33 days with people who need to move getting on with it, says Zoopla boss Richard Donnell.
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Japanese Knotweed ‘wipes billions’ off property values
The dreaded invasive plant typically knocks 5% off the price of homes, alarming research suggests.
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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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