Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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‘What next for agent shareholders of OnTheMarket’ asks City analyst
David Reynolds of Davy Research says many agents may be waiting for its share price to recover, while the portal's chief says it shows most have faith in the portal's future.
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Brutal industry reaction as Purplebricks looks for ‘new ownership structure’
When Purplebricks announced on Friday it was looking for a buyer it didn’t take long for the knives – and jokes – to come out. Industry reaction has been both funny and brutal.
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Asking prices remain flat but first-time buyers are back
Average new seller asking prices rose by just £14 over past month, according to Rightmove, but first-time buyers are rejoining market driven by increasing rents and recovery in mortgage pricing.
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Purplebricks considers sale as instructions plummet and £20m losses loom
The agency may soon hang its own For Sale board up after instructions took a nosedive and it wrote off a further £1.2 million.
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OTM relief after ‘small number’ of agents sell shares
The portal has lined up founding agents to voice their support after investors sold more than 3 million shares.
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Online lettings firm hits £850,000 crowdfunding target
Lettingaproperty.com has hit its investment target, which includes capital raise from Mercia Asset Management.
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Prime market becoming increasingly mortgage free and ‘cash driven’
Differences between prime and mainstream housing markets are now becoming more stark as those 'with' and 'without' equity diverge economically, says Middleton Advisors.
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Number of instructions surge led by South East sales ‘boom’
There is a big increase in new instructions according to TwentyCi despite reports the housing market is slowing down.
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Letting agency boost as Government issues Right to Rent warning
Landlords who don’t use a letting agent are the least likely to fully understand their legal responsibilities when onboarding new tenants via the Right to Rent scheme, research from the Home Office has revealed.
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Tenant exodus hits London as tenants look for lower rents
New research shows 40% of renters in London who decide to move will leave the capital for other areas.
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