Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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BLOG: ‘Politicians can’t be trusted to build enough housing’
Russell Quirk says that the creation of a national development corporation could solve the housing crisis if only politicians could keep it simple.
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Jitters in prime London market as politics deters buyers
Research chief at Knight Frank says the number of new prospective buyers in London increased between August and September, but was half of that experienced since 2021.
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Property sales fall-throughs blighting quarter of deals
Data from Quick Move Now shows 27% of sales fell through in the third quarter of this year.
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House prices ‘may drop £50K’ by end of next year
Analysis by Confused.com reveals average house prices might fall by more than £50,000 before the end of 2024.
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Empty homes crisis as £212 billion worth of stock still sitting empty across England
Liverpool has the highest proportion of rental stock that’s lying vacant or abandoned with 10,769 vacant dwellings out of 229,863.
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Help to Buy might not be revived reveals housing minister
Thousands of first time buyers are now in arrears as mortgage payments rocket, and housing minister Rachel Maclean says Help to Buy pushes prices up.
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Strong tenant demand drive up rents by 8% across UK
Renters in the capital are now paying 6% month-on-month more and the first time the Index has recorded an average cost above the £2,200 threshold.
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‘Rent to buy’ scheme launches to replace ‘Bank of Mum and Dad’
HomeNow Co-Founder Jonathan Potter says tenants receive one third of the increase in the property price value to use as a deposit contribution.
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REACTION: Housing market slump drives 30% activity drop says Nationwide
New figures from Nationwide show a 30% fall in mortgages granted in August compared to pre-Covid pandemic levels.
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House prices fall more severe than expected, says Knight Frank
The agency's head of residential research, Tom Bill, says it has revised its prediction for this year from a 5% fall to 7%, with another drop of 4% in 2024.
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