Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Interest rate cut “off the table”, Governor warns
Andrew Bailey, Governor of the Bank of England, rules out a base rate reduction in the near future.
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Housing market outlook remains uncertain, Nationwide reports
Easing Middle East tensions could restore confidence and reduce the need for a rate rise, says Nationwide's Robert Gardner.
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Property market suffers second month of falling deal numbers
The latest transactions data from HMRC reveals a 2% drop in May following a 3% fall in April.
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Burnham explores major overhaul of property taxes
Replacing Council Tax and Stamp Duty would put fairness back into property taxation, claims tax reform group.
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Rightmove reveals what you can get for your money
Rightmove looked at how far the average asking price takes buyers in each area of Britain.
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Three out of five homes not selling, reports Zoopla
Setting the right asking price has never mattered more if sellers want to move this year, warns portal.
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Doer-uppers are undesirable as buyers seek certainty
High refurbishment costs mean buyers are falling out of love with renovation projects, says LRG's Mark Manning.
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House sales will be lower than expected
"Sales agreed this year look set to be lower than expected at the start of the year", says Zoopla's Richard Donnell.
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Salisbury Novichok house for sale raises conveyancing concerns
The property was the home of former Russian military officer Sergei Skripal, who was poisoned in a failed assassination attempt.
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Death of the second home, data reveals
House prices have fallen in 80% of the UK's second-home hotspots as higher taxes erode the appeal of ownership, says Rathbones.
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