Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Estate agents overvaluing properties claim mortgage brokers
Research reveals 71% of mortgage brokers doubt estate agents’ market appraisals and expect down-valuations numbers to surge.
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HMRC’s Stamp Duty take rises by 25% this year
Homebuyers are ‘handing over eye-watering sums’ in Stamp Duty, according to big mortgage lender.
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Vendors in the South must lower asking prices, says estate agency boss
Jack Malnick, who was formerly Operations Director with Strike, warns vendors they could face a long wait if they don't price realistically.
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INDUSTRY REACTION: Bank of England holds base rate at 4.25%
As the markets expected, the majority of the Banks' MPC has voted to keep the base rate on hold.
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Agents welcome Rachel Reeves’ reported non-dom tax U-turn
Chancellor is considering making Inheritance Tax changes for non-doms as exodus of wealthy continues to hit London property market.
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REACTION: Latest inflation figures end hopes of a base rate cut
Consumer prices index (CPI) remained stubbornly high at 3.4% in May, according to the latest figures from the Office for National Statistics (ONS).
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Shock 60% fall in prime London property sale prices
Upmarket London estate agent claims there are ‘no big-ticket purchases’ happening in prime Central London and sales prices have fallen substantially since 2024.
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BLOG: Is the UK property sales market Trump-proof?
Kevin Shaw, National Sales Managing Director, Leaders (LRG) takes a look at whether current global economic uncertainty will unsettle the UK’s property market.
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Property fall-throughs tackled by Land Registry local searches pilot
A Land Registry initiative will look at how building regulations and highways information can be digitised, making local searches and home moving quicker.
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Rightmove reports ‘unusual’ softening of asking prices
Portal says the post-Stamp Duty changes and consequent glut of properties have forced many vendors to re-appraise their asking prices this month.
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