Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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August price fall wipes out top earner’s monthly pay
Sellers have knocked £7,360 off the average asking price, roughly a month's take-home pay for someone earning £145,000 a year.
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Cities with fastest selling property markets revealed
Riccardo Iannucci-Dawson, of Alto, says Glasgow tops the league table with deals being agreed in just 11 days.
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Repossessions fall but affordability fears remain
Repossession numbers drop but agents are warned not to read the figures as an all clear.
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Stamp Duty ‘doubles in a decade’, hitting 1.5 million homes
Fiscal drag is making it more expensive to move, leaving developers short of the buyer volumes that make new schemes viable, accountants warn.
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Property market “subdued with few signs of recovery”, RICS says
Simon Rubinsohn, of the RICS, says the outlook among surveyors is "downbeat", with an unusually quiet summer market.
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Housebuilders hold prices despite sale delays
Jonathan Samuels, of Octane Capital, reports that one in eight new build properties are unsold after six months.
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Flats offer ‘growing value’ amid falling demand, says Zoopla
Zoopla's Richard Donnell says: "Flats offer growing value compared to houses, although buyers will remain cautious.”
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Cottage demand collapses as buyer interest falls 32%
Zoopla claims buyer interest in cottages has dropped amid higher mortgage rates, rising living costs and additional taxes on second homes.
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Four out of five flats fail to sell ‘within six months’, warns Zoopla
Flats are struggling to sell amid weaker demand and greater uncertainty, warns Richard Donnell, Executive Director of Zoopla.
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Children typically given £11k by parents to help with home purchase
The financial support handed out by parents was typically £11,241, according the savings app Spring.
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