Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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‘Thousands of landlords selling up’ in face of EPC challenge
Cornerstone Tax says only one-in-five landlords believes their property investment has been profitable.
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Housing market still weak but picking up… slowly, says RICS
Demand from new buyers continues to slump, but other signs point to a gradual recovery in sales as mortgage rates fall slightly.
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Property search delays ‘blight’ market and tie-ins ‘must be outlawed’ insists agents chief
Search agents leader Andrew Prismall says it's taking up to three months to get a report back and local agents have the best chance of getting it done quickly.
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Tenant demand hits all-time high – lender reports
A survey of nearly 700 landlords found that 67% experienced increased tenant demand during Q1, up from 65% recorded during the final quarter of 2022, the previous record high.
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Leap in mortgage approvals signals market recovery
Bank of England statistics show that agreed mortgages climbed to 52,000 in March, up from 44,100 the previous month.
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Help to Buy ‘must be extended beyond new builds’, says estate agency chief
The trade body's CEO Nathan Emerson welcomes news that Help to Buy may make a comeback, but says it needs to include older properties.
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Acorn Group reveals profits slump before LRG takeover
The parent group of John Payne and Langford Russell saw profits fall prior to the LRG buyout.
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Estate agents urged to offer ‘sellers packs’ NOW
For some sellers, a collapsed sale prompts cold feet and properties to be withdrawn from the market altogether for fear of further stress and financial losses.
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Nearly a third of adults with ‘complex incomes’ denied mortgages – report
For those who have a complex income, it can be more difficult to get a mortgage because borrowers are perceived to be a higher risk to lend to.
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First-time buyers ‘driving housing market recovery’ – Zoopla
Research by Zoopla reveals that tenants are looking to buy in larger numbers as rents spiral upwards.
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