Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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‘One in 10 property vendors drop asking price within 30 days’ – claim
Of the 85,000 homes that came onto the market in the past 30 days, according to Zoopla, 6,215 have already seen price reductions.
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RICS downbeat about market despite more new buyers
Housing market is still struggling says the RICS report for February, but indicators now suggest a more stable year ahead.
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INTERVIEW: Fall throughs have ‘peaked’ instant buyer firm claims
Phil Tennant, COO at Upstix, tells The Neg the amount of fall through sales is now much lower than last year.
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Major Purplebricks shareholder steps down from board
Axel Springer's representative on the ailing agency's board has stepped down with immediate effect to avoid a possible conflict of interest.
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Covid ‘conveyancing wars’ part of wider industry problem – claim
Search Acumen says sales have been rising for a decade but conveyancing firm numbers have shrunk, helping create weakness in sector.
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Foxtons admits ‘operational failings’ held sales back
New CEO Guy Gittins says improvements are needed to deal with failings that 'have throttled historical performance'.
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Foxtons acquires lettings agency Atkinson McLeod
Foxtons is delivering on its promise to buy more lettings agencies in London as it expands its business.
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Reapit reveals acquisitions plan with profit and revenue boost
The CRM giant says it plans to make more acquisitions this year as it reveals increased profits and revenue.
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Favourite to replace Nicola Sturgeon under fire over second homes tax
Hamza Yousaf, who is ahead of the other two candidates to become First Minister of Scotland, wants to raise council tax on second homes.
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Properties SSTC get best price nine days after listing – claim
The HomeOwners Alliance says its research has found the ultimate sweetspot for vendors seeking best price for their property.
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