Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Average rent rockets 20% in a month to ‘staggering’ new record
Research by Goodlord shows the average rental is now above £1,300 per month, nearly 10% higher than the previous record.
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‘Crunchtime’ for property sales as new EPC rules alter landlord behaviour
Lender Paragon says Government's EPC rule change proposals are already altering BTL investor property buying habits within the sales market.
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London letting agents accused of inflating rents by 15%
The latest Hello Neighbour Lettings Insight report reveals agents appear to be over-inflating a rental price at the point of initial listing to win a landlord's business.
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AGENT: Gove’s ‘urban rebirth’ housing plans deserve support
Glentree International boss Trevor Abrahmsohn says those in charge of housing policy need a nice, secure room, padded, for their own safety.
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Damage to sales market by mortgage crisis laid bare by latest data
Zoopla says its figures show overall demand for properties for sale across the UK down by 18% with three and four bedroom homes hit the worst.
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Government injects cash to speed up house building
Ministers are targeting brownfield sites to boost new home figures, and measures to accelerate planning decisions.
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Interest rates of 6% and 7% will be the new normal
Mortgage Advice Bureau boss Peter Brodnicki says that stubborn inflation continues to see the Bank of England pushing rates up.
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Property transaction levels falter as cost of living bites
Landmark's Simon Brown says affordability concerns continue to dampen the sales pipeline while completions are at their lowest level so far this year.
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House prices ‘will not rebound’, leading economists warn
The latest prediction from S&P Global Ratings is that prices will fall 12% by the end of next year.
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It’s high time we ditched the ‘death tax’ for good
Glentree International boss Trevor Abrahmsohn says ditching Inheritance Tax would be a welcome bonus for all and might also keep a few Tory MPs in their jobs.
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