Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Gulf ceasefire builds hopes for lower mortgage rates
Improved market sentiment has fed into rate expectations, but Capital Economics’ Ruth Gregory warns mortgage costs are unlikely to fall quickly.
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Property market ‘takes a knock’, RICS reports
RICS's Tarrant Parsons says a positive feeling in the housing market has been hit by war in the Middle East, and the outlook is now flat.
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Iran conflict and Mansion Tax wipe £360k off top-end homes, says Savills
Prime country properties have seen some steep price corrections as market volatility hits buyer confidence, says Frances McDonald.
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One in five buyers see offer to completion take six months
The survey by solicitors Lyons Bowe said a total of 22% of buyers saw the process take longer than six months.
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Rising mortgage costs accentuate North/South divide, EXP data reveals
North and Midlands outperforming the South, where values are falling, according to big estate agency boss Adam Day.
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Mortgage criteria eased to boost loans market
Lenders can now issue more high loan-to-income offers under proposals designed to allow households to borrow cash.
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Housing market ‘won’t grow’ without this change, warns top adviser
The Government must change tactics if it is going to re-invigorate the housing market, says Heather Powell, a partner at Blick Rothenberg.
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Market turmoil ‘hits first-time buyers hardest’
Rob Houghton, of Reallymoving, says first-time buyers are the group most exposed and vulnerable to rising rates in the home loans market.
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Housing market enjoys best month for nearly a year
The latest HMRC transactions data shows February was the most active month since the spike ahead of a Stamp Duty deadline last year.
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London flat’s SOLD price drops £450k in seven years
The property in London's Canary Wharf has fallen victim to what appears to be part of a growing trend of price reductions on flats.
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