Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Revenue at Savills rises 22% including nearly £500m turnover in UK
The UK residential property market was driven by a surge in demand for larger properties with more outdoor space, as well as increased activity in the prime London market.
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RICS slams Budget for not going further and ‘lacking ambition’
The Royal Institution of Chartered Surveyors says it was disappointed by the lack of housing ambition in Jeremy Hunt’s first full budget.
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REACTION: UK to avoid recession this year, claims Chancellor during Budget
The UK is expected to avoid a technical recession this year according to the Office for Budget Responsibility, Chancellor Jeremy Hunt told the House of Commons this afternoon.
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Strike’s offer for Purplebricks being stifled by red tape – claim
Strike's offer to bail out beleaguered rival Purplebricks is thought to have hit the buffers due to limitations in the sales process.
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Strike in talks with Purplebricks about takeover bid
Purplebricks has given rival a deadline to put in a formal offer or withdraw following its recent 'for sale' announcement.
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Property firm Gerald Eve’s takeover by American giant confirmed
London-based consultancy Gerald Eve is bought by US commercial real estate group Newmark, as it expands into the UK and Europe.
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Estate agency warns building homes in London ‘no longer viable’
The Capital's position as one of the best cities in the world to build property is 'under threat' unless the Chancellor lowers taxes, agency and developers agree.
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Purplebricks deal ‘under threat as fine looms’ claims columnist
Reports suggest a penalty for breaking anti-money laundering rules could put a takeover of the ailing agency in jeopardy.
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‘Why do agents and conveyancers fight like cats and dogs?’
Rob Hailstone, who has organised a week-long series of events looking at conveyancing issues, says property transactions are taking longer.
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OTM unveils free accounting functions on its lettings platform
Client accounting facility now included in OTM's lettings service at no additional cost.
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