Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Asking rents a third higher than before pandemic, latest figures show
The average property available to rent is finding a tenant in 17 days and most landlords are determined to keep good tenants in their homes.
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Help to Buy buyer waits 55 hours on phone to sort paperwork
Homeowners with a Help to Buy loan are being forced to hold for hours after new firm takes over helpline.
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AGENTS: Government must invest in PRS or rents will ‘continue to rise’
Propertymark warns that only investment in the Private Rented Sector will keep a lid on soaring rents as regulatory issues and high mortgage rates continue to bite.
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RICS launches consultation on resi retrofitting revolution
Agent trade body says that there is a need for for trusted, professional advice that customers can rely on when it comes to meeting energy targets.
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Letting agents to face increasingly older renters as home ownership ‘out of reach’
Hamptons say there will be a million households aged over 65 renting their homes within 10 years.
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Big agency boss: ‘Don’t believe gloomy national newspaper headlines’
Ed Phillips is urging vendors, buyers, tenants and landlords to hold firm and look at the real data behind negative market headlines.
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Landlords and tenants face ‘big squeeze’ warns Bank of England report
The Bank of England’s Financial Stability Report warns that landlords face the double whammy of higher interest rates and both tax regulatory changes.
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Don’t believe the naysayers. Tenants who ‘zero deposit’ are better off in the long run
Tenants who choose alternative deposit schemes are more likely to fall into arrears? Reposit boss Ben Grech says that just doesn’t stack up.
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Surge in property supply sees time to exchange fall to 115 days
New figure is the lowest point it has been since July 2021 and shows a promising downward trend but still far off pre-pandemic levels.
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Big drop in fall throughs but quarter of property deals still don’t make it
Stats from Quick Move Now reveal how agents are working hard to keep their pipelines intact, although caution is now the market watchword.
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