Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Letting agents to face increasingly older renters as home ownership ‘out of reach’
Hamptons say there will be a million households aged over 65 renting their homes within 10 years.
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Big agency boss: ‘Don’t believe gloomy national newspaper headlines’
Ed Phillips is urging vendors, buyers, tenants and landlords to hold firm and look at the real data behind negative market headlines.
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Landlords and tenants face ‘big squeeze’ warns Bank of England report
The Bank of England’s Financial Stability Report warns that landlords face the double whammy of higher interest rates and both tax regulatory changes.
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Don’t believe the naysayers. Tenants who ‘zero deposit’ are better off in the long run
Tenants who choose alternative deposit schemes are more likely to fall into arrears? Reposit boss Ben Grech says that just doesn’t stack up.
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Surge in property supply sees time to exchange fall to 115 days
New figure is the lowest point it has been since July 2021 and shows a promising downward trend but still far off pre-pandemic levels.
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Big drop in fall throughs but quarter of property deals still don’t make it
Stats from Quick Move Now reveal how agents are working hard to keep their pipelines intact, although caution is now the market watchword.
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Estate agents struggling with ‘confusing’ official energy policy on oil tanks
Agents seek advice on the government’s proposals to transition rural properties on fossil fuel heating systems onto renewable technologies.
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‘Lack of stock still driving up rental prices in UK’s prime markets’
Savills’ Jessica Tomlinson says smallest properties expected to continue to see strongest growth due to demand from needs-based tenants.
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Naive first time buyers put plans on hold after discovering ‘hidden costs’
New research reveals one in seven first time buyers suspend intention to buy due to raft of 'unexpected' fees and Stamp Duty.
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Planning system hold-ups delaying new builds for TWO YEARS
Government statistics show that large housing schemes are being stalled by staff shortages in planning departments.
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