Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Homeowners stay put as moving ‘no longer pays’, claims Connells
"High Stamp Duty costs, higher mortgage rates and weaker price growth are seeing many households stay put," says Connells' Aneisha Beveridge.
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New Chancellor told he must help first-time buyers
Rachel Springall, of Moneyfacts, warns that first-time buyers need help amid tax speculation ahead of the Budget.
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Asking prices cut on half of homes, reveals agency boss
"More properties are having to be reduced in price to sell at the moment,” reveals LRG’s chief executive Michael Cook.
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House price growth slowed in July, says Nationwide
The slowdown in house price growth reflects an uncertain economic outlook, explains Robert Gardner, Nationwide's Chief Economist.
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High street mortgage lenders ‘turn away’ 1.5 million properties
Ryan Etchells, of Together, reveals around 1.5million properties are branded as too risky by some banks.
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Property deal numbers hold up after successive falls
The latest HMRC data reveals a small increase in transaction numbers in June after two months of reduced totals.
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First-time buyers ‘squeezed’ by higher loan and deposit costs
Moneyfacts warns that first-time buyers could face a 'perfect storm' of increased mortgage rates and out-of-reach deposit demands.
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Households under pressure amid Bank of England inflation warning
The Middle East conflict continues to mean high energy prices that will cause inflation to rise again this year, warns the Bank of England.
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Places where it takes six months to complete are revealed
Home movers are facing the "longest summer wait on record," says Rightmove's Johan Svanstrom.
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Industry reacts to Bank of England interest rates decision
Interest rates have been held at 3.75%.
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