Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Government considers Help to Buy revival
Slowdown in new-build sales prompts discussions at ministerial level about how to boost demand.
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Urban estate agents work harder for their money, claims EXP
City markets dominated by flats force agents to chase higher volumes to match detached-home commission.
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Market conditions improving after a challenging period, says RICS
There has been a notable rise in confidence in the outlook for the housing market, especially in the medium term.
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House prices set to fall under government plans, minister admits
Matthew Pennycook told MPs that by setting a target of 1.5 million new homes the government will be responsible for hitting property prices.
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Conveyancers see no evidence of property market rebound
Industry body’s latest quarterly confidence tracker report reveals sluggish activity and muted post-Budget recovery.
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First-time buyers inject momentum into property market with highest share in 20 years
New figures from Connells show that FTBs made up more than a third of home purchases last month, with the number for London even higher.
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Investigation launched after major conveyancing firm shuts doors
PM Law operated five offices and traded under several different names before it closed abruptly last week.
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Estate agents give Bank downbeat message on market conditions
The Bank of England says agents report only "marginal improvement this month", with "little evidence of a pick-up in viewings or transactions".
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Average house price now tops £300,000 – Halifax
Industry reacts to news as Head of Mortgages Amanda Bryden at the Halifax reveals property prices rose 0.7% last month after a dip in December.
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INDUSTRY REACTION: Bank keeps base rate at 3.75%
As predicted, the Monetary Policy Committee has erred on the side of caution and has voted to keep the base rate on hold.
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