Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Damage to sales market by mortgage crisis laid bare by latest data
Zoopla says its figures show overall demand for properties for sale across the UK down by 18% with three and four bedroom homes hit the worst.
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Government injects cash to speed up house building
Ministers are targeting brownfield sites to boost new home figures, and measures to accelerate planning decisions.
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Interest rates of 6% and 7% will be the new normal
Mortgage Advice Bureau boss Peter Brodnicki says that stubborn inflation continues to see the Bank of England pushing rates up.
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Property transaction levels falter as cost of living bites
Landmark's Simon Brown says affordability concerns continue to dampen the sales pipeline while completions are at their lowest level so far this year.
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House prices ‘will not rebound’, leading economists warn
The latest prediction from S&P Global Ratings is that prices will fall 12% by the end of next year.
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It’s high time we ditched the ‘death tax’ for good
Glentree International boss Trevor Abrahmsohn says ditching Inheritance Tax would be a welcome bonus for all and might also keep a few Tory MPs in their jobs.
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Asking rents a third higher than before pandemic, latest figures show
The average property available to rent is finding a tenant in 17 days and most landlords are determined to keep good tenants in their homes.
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Help to Buy buyer waits 55 hours on phone to sort paperwork
Homeowners with a Help to Buy loan are being forced to hold for hours after new firm takes over helpline.
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AGENTS: Government must invest in PRS or rents will ‘continue to rise’
Propertymark warns that only investment in the Private Rented Sector will keep a lid on soaring rents as regulatory issues and high mortgage rates continue to bite.
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RICS launches consultation on resi retrofitting revolution
Agent trade body says that there is a need for for trusted, professional advice that customers can rely on when it comes to meeting energy targets.
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