Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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2024 ‘will be tough’ as mortgage approvals to fall by 24%
Research from GetAgent.co.uk reveals this will be the second year in a row that mortgage volumes have fallen significantly.
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‘Window of opportunity’ beckons in New Year property market
Tom Bill, head of UK residential research at Knight Frank, says buyers and sellers can exploit a stable market before a General Election.
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Treasury warns mortgages ‘would jump £2K under Labour’
Officials have done some number crunching of Labour's spending plans and claim they would add nearly £2,000 to mortgage bills.
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Five ways that landlords, governments and agencies could work together
Scotland’s affordable homes budget has been slashed but Glasgow’s Rosevale Letting boss Riccardo Giovanacci says the housing crisis can be eased.
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Londoners spend nearly a third less on homes outside the capital
Hamptons research reveals downsizers are bucking the trend and still driving outmigration from the Capital as they hunt for more value and space.
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Agents slam Scots and Welsh governments over housing failures
Politicians in both countries missed opportunities to tackle housing problems after announcing spending plans, Propertymark says.
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Three major mortgage firms to offer loans for cladded flats
Virgin Money, TSB and Skipton join six others in agreeing to release mortgages on flats with building safety issues.
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Bank of Family lending on the rise as first-time buyers ask for help
Research from Legal & General’s Ignite reveals the number of applicants reliant on gifted deposits was up by 10% in November.
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Greater number of cheaper mortgages on the way as rates head down
The Bank of England said this week that inflation - the rate prices rise at - fell from 4.6% to 3.9% last month, the lowest for more than two years.
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Newbuild boost as units go from launch to under offer ‘in six weeks’
Foxtons says better transport links in the Capital such as the Elizabeth Line is helping newly built properties go from launch to under offer in six weeks.
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