Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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BLOG: Buyers return to market amid falling mortgage rates
Zoopla’s Richard Donnell says improvement in market activity looks to be rolling over into the start of 2024, driven by improving mortgage rates.
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Knight Frank reverses house price forecast – it’s now a 3% rise
House prices will increase this year, the property consultancy says, contradicting its earlier prediction of a 4% drop.
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Hopes for 2024 gather pace as buyer and seller activity jumps
Average new seller asking prices rose by 1.3% month-on-month to £359,748, the biggest December to January increase in prices since 2020.
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Zoopla data reveals buyer demand tracking 14% ahead of early 2023
The uptick in demand is coupled with a seller bounce on the portal which started earlier than anticipated on Christmas Day.
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Exclusive enclave Sandbanks revealed as Rightmove’s 2023 price hotspot
Average asking prices in Poole’s uber-affluent island and home to a number of celebrities, increased by 20% compared to 2022, from £1,586,349 to £1,909,943.
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Winkworth sees completions down nearly 20%
CEO Dominic Agace says hesitant buyers and legal logjams were the reasons for the slump in transactions, as it suffered falling sales and revenue.
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Record number of homes sold below asking price, says Hamptons
The London agency reports 50% of properties went for less than the original valuation last year, with more price drops to add this month.
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Rightmove experts share PRS predictions for 2024
Many landlords faced the challenge of higher buy-to-let mortgage rates in 2023, contributing to rising rents for tenants – expected to increase again.
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“It’s not that difficult” to buy a first home, says Chairman of NatWest
Sir Howard Davies says first time buyers have always had to save up – his comments came as Halifax reported prices were up last year.
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LATEST: Race to offer best mortgage deals intensifies
HSBC offers first sub-4% five-year fixed rate as the major lenders fight to attract house buyers entering the market.
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