Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Mortgage arrears set to balloon as cost of living bites, warns Nationwide
The building society says many more homeowners are unable to afford their mortage repayments.
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Estate agents ‘must help first time buyers’ navigate diffcult market
Estate agents and brokers could help younger clients with guidance and information surrounding homebuying much earlier in the process.
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Housebuilders woo wobbly buyers with huge sweeteners
Carpets, white goods, legal fees, stamp duty fees, deposit contributions, cashbacks and mortgage subsidies are all being offered to tempt buyers.
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Big agency boss warns Chancellor against inflationary tax cuts
Chancellor Jeremy Hunt is preparing for his Autumn Statement but Winkworth boss Dominic Agace worries some tax and VAT cuts would be self-defeating.
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Halifax reveals 70 property markets bucking downward UK trend
Powys in Wales has seen the strongest growth over the last 12 months, East Lindsey tops the list for England and Moray takes Scotish crown.
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Reshuffle latest: Lee Rowley appointed as Housing Minister
Rowley becomes the sixth housing minister in 17 months in what has become a revolving door at the Department for Levelling Up, Housing and Communities.
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Latest housing minister sacked after just nine months
Rachel Maclean has lost her job as housing minister as the revolving door removes another politician.
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Property sales stock shortage ‘officially over’ says Rightmove
2023 is turning into a better-than-predicted year as sellers price more competitively and the market moves back towards more normal activity levels.
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Landlords sell-off slows but 140,000 properties still to disappear
Although the buy-to-let sell off is slowing – down from 15.7% in 2022 to 14.0% – investors are still set to sell 139,820 buy-to-lets across Great Britain.
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SDLT and inheritance tax cuts main industry hopes for Autumn statement
Chancellor Jeremy Hunt delivers the Autumn statement next week and agents are on tenterhooks as to what he has in store for the PRS.
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