Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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More than half of first-time buyers rely on ‘Bank of Mum and Dad’
Savills' Lucian Cook says more than half of first-time buyers need financial help from their families to purchase a home.
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Worst mortgage affordability since 2008
Higher borrowing costs are stretching affordability and dampening demand in the housing market, says UK Finance’s James Tatch.
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Homes near best nurseries command six-figure premiums
Demand from families who want to live within walking distance of 'outstanding' nurseries is pushing up prices.
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Short-term fix mortgage warning issued by Propertymark
Propertymark President Mary-Lou Press says homebuyers should avoid making loan decisions based solely on rate forecasts.
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Industry reacts to Halifax revealing fall in house prices
Affordability pressures and global uncertainty are keeping a lid on prices, despite continued market activity, says Halifax’s Amanda Bryden.
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Bank of England ratesetter backs rate hike
Raising the Bank Rate would be less risky than allowing inflation to become entrenched, says MPC member Megan Greene.
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House prices fall in May, reports Nationwide – industry reacts
Annual house price growth has slowed to 1.7%, as the market loses momentum, says Robert Gardner, Nationwide's Chief Economist.
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War is “no longer the major factor” in housing market, says Knight Frank
Tom Bill, of Knight Frank, says the turmoil in British politics is the dominant issue affecting prices and sales.
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Property industry reacts to fall in transactions
The latest seasonally-adjusted data from HMRC shows a 3% drop in the number of deals completed last month.
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New interest-free loan scheme for first-time buyers set up
Scottish Housing Secretary Shirley-Anne Somerville says the First Homes Fund will offer first-time buyers £10,000 towards a deposit.
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