Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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PIX: Estate agencies share fee after selling £11m Diana home
The sale of the Spencer family's Mayfair home was managed by joint sole agents Wetherell and Chestertons and went under offer in less than a week.
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Property industry presses Labour to adopt UPRNs after ‘patchy’ take-up
A coalition of housing organisations has written to Housing Minister Matthew Pennycook arguing UPRNs are essential to a more efficient property market.
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Big house builder says uncertainty about Budget is hurting market
The varied messages about the looming Autumn Budget are damaging buyer confidence and hurting sales says FTSE 250 developer Bellway.
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Labour reveals £68m for 5,000 homes on brownfield sites
Prime Minister Keir Starmer says the Government is "on the side of builders" as it pledges £68 million for homes on disused city sites.
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Big rise in number of sales fall-throughs reported
Homebuyers are still struggling with higher mortgage rates and so more and more sales are falling through says Moverly’s Gemma Young.
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Housing market continues to pick up, say upbeat RICS agents
RICS President says estate agent members report a significant uptick in activity including more instructions, demand and sales - but problems remain in rental market.
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Non-dom changes and tax worries ‘stalling Prime Central London’
Prospective tax changes in the impending budget have caused buyers to become more cautious in prime housing markets says Savills' Lucien Cook.
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Hopes rise for another interest rate cut by BoE
Governor Andrew Bailey said the Bank of England would be a "bit more aggressive" in the way it handles possible interest rate reductions.
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Tax fears ‘persuading investors and second homeowners to sell’
Zoopla's latest HPI suggests that possible tax rises in the Budget this month, as well as increases in Council Tax, are forcing buy-to-let owners and people with second homes to sell up.
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All change as number of cash buyers in market drops signifcantly
The number of cash buyers has fallen by up to 44.9% in some areas of the UK according to Land Registry figures.
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