Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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London PRS growth slows but ‘rents remain high’
Demand remains high for rental properties of all sizes in London and supply continues to be lower than demand but there are also signs that the market is stabilising.
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Mortgage rates to fall but more pain to come, think tank warns
Financial markets expect that Bank Rate will peak at nearly 5% in November but interest rates are expected to move much more slowly on the way down than on the way up.
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As the Renters Reform Bill draws closer it’s time for Ministers to stop ignoring landlords
Goodlord boss William Reeve says that while landlords are unlikely to be winning any popularity contests soon, ignoring them or making them the fall guys for the sector’s woes won’t help anybody.
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The foreign location with the most UK property owners revealed
Research by Benham and Reeves shows that the place with the most owners of properties in England and Wales is Hong Kong.
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Government ‘to cap ground rent’ as plans to scrap leasehold abandoned
New rules on leasehold to be introduced after Michael Gove forced to U-turn on his pledge to scrap the system.
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Average rents outside London pass £1,000 per month for first time
Over the last year the average rent outside the capital has risen 7.8%, which puts it 26% higher than on the eve of the Covid pandemic in February 2020.
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People need homes and we need to address the problem once and for all
Glentree International boss Trevor Abrahmsohn says that whilst everyone likes the cosy, utopian, fully upholstered idea of 'homes for everyone', a burgeoning population cannot live in three-bedroomed semis in the sky.
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Homebuyers reject return of Help to Buy
Research by agent comparison site GetAgent finds more than half of potential homebuyers say Help to Buy is not the answer.
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The Great British Landlord Sell-off continues apace despite booming demand
As 33% of private landlords in England and Wales said they planned to cut the number of properties they rent out, NRLA chief Ben Beadle says renters are bearing the brunt of the supply crisis.
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Bank of England raises interest rate again as expected to 4.5% – industry reaction
Governor Andrew Bailey announces a base interest rate rise for the 12th successive time to deal with inflation – and says inflation is coming under control.
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