Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
-
EXCLUSIVE: Industry figure explains why he was kicked off Twitter
Quirk was kicked off the Twitter social media platform with his account suspended after users complained about his allegedly defamatory remarks.
Read More » -
SHOCK: House prices fall at fastest rate since 2011
Last week Halifax reported the largest annual house price fall in 12 years as prices slumped 2.6% in the year to June, down from a fall of 1.1% in May.
Read More » -
Are they right? Estate agency claims top ‘must haves’ for homebuyers
Being close to a local park or green space was the most important 'must have' for prospective property buyers, according to Jackson-Stops.
Read More » -
Conveyancing giant reveals loss while takeover talks continue
Smoove made an EBITDA loss of £4.8 million in the last year, as it waits for a possible bid from a rival firm.
Read More » -
Lack of up-front information still scuppering home sellers
The majority of sellers said the timeline in which they had to move was an important factor when entering the market but four in 10 would pay for a quicker sale.
Read More » -
Shock tumble in completions during first six months of 2023
Across the nation both transactions and total market values of homes sold fell by more than 50% across every area of England and Wales.
Read More » -
Portfolio landlords ‘looking for more properties as tenant demand balloons’
Landbay’s intermediary boss Paul Brett says the main reason landlords are expanding their portfolio is the rise in the number of tenants and falling house prices.
Read More » -
MARKET: Property sales down 25% but ‘not all bad news’ – HMRC
The latest figures from HMRC show a downturn in property transactions from last year, but some improvement in monthly totals.
Read More » -
Rents spike and voids plunge in June as PRS market heats up
The cost of rent rose in seven of the eight regions with the average cost of rent per property in England now £1,148 – up from £1,111 in May – a 3.3% increase.
Read More » -
WARNING: Interest rates to stay higher for longer with recession forecast – claim
Schroders is forecasting recession and says that the surprise 0.5% hike in Base Rate suggests the Bank of England is far from getting on top of inflation.
Read More »