Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Think-tank says higher interest rates have given boost to household incomes
Resolution Foundation says older asset-rich households have gained the most while younger, mortgaged households have been hit hard.
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Lettings market ends 2023 with major year-on-year increase in rents
Goodlord Rental Index reveals rents across 2023 are up by 9% compared to 2022 and year-on-year averages for December are up by 7%.
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High-profile Yopa director quits estate agency
Grenville Turner, the former CEO of Countrywide, resigned on 31 December, after four years with the hybrid agency.
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BLOG: Tougher EPCs have only gone for now – expect their return soon
Leaders Romans Group’s Kim Lidbury says that there is a strong likelihood that the Minimum Energy Efficiency Standard or something similar will reappear.
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‘Thousands’ of property sellers return to market
Analysis by Yopa shows that more than 2,000 vendors decide to relist their home, and many at a discounted price.
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LATEST: Property sales fall-throughs still rising
Home Sale Pack's Ruth Beeton says fall throughs cost buyers and sellers £270 million in Q3 - the second consecutive quarterly increase.
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IHT: Double dipping by HMRC or a feeble form of wealth redistribution?
Glentree boss Trevor Abrahmsohn says that with the 6th March Budget looming the Chancellor should be looking to ease the burden of Inheritance Tax.
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Record Boxing Day ‘bounce’ for agents claims Rightmove
Demand also soars with the number of buyers contacting estate agents jumping by 273% between the Christmas Day lull and Boxing Day.
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Buyer demand is up…but only slightly, new figures reveal
The market shows some shoots of recovery with new buyers coming forward up 0.3% in Q4 last year.
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SHOCK: Interest rate cuts and price rise of 5% during 2024, predict economists
Economists are bodly forecasting two reductions in interest rates this year coupled with a jump in house prices.
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