Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Call for two-year rent freeze as London rents ‘spiral out of control’
London Mayor Sadiq Khan warns that out-of-control rents are increasing risk of homelessness as 160,000 Londoners fall behind with payments.
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Landlords call for mortgage interest relief to be reintroduced
On the back of the interest rate hike, landlords are calling for the reintroduction of mortgage interest relief in full and for housing benefit rates to be unlocked.
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REACTION: Bank of England raises base rate by 0.5% to 5%
Despite worries that a higher rate will damage the property market, the BoE believes getting inflation under control is more important.
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Fall-throughs at their lowest since pre-pandemic boom
Analysis by House Buyer Bureau shows that the average cost of a fall through during the first quarter of 2023 increased by 2.1% versus Q4 2022.
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LATEST: Interest rate rise today ‘almost certain’ as inflation sticks at 8.7%
The rate of price rises has remained stuck at 8.7% despite a slight decrease expected by economists which would have gone some way to buoy the jittery housing market.
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The Four Horseman of the Property Apocalypse are saddling up!
Glentree International boss Trevor Abrahmsohn says continuing to clobber landlords is folly we may now be looking at a repossession and homelessness crisis.
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What crisis? Supply of homes for sale highest in four years
While all regions have seen a drop in demand there are signs that supply is improving after reaching an all-time low.
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Fall throughs estimated to have cost estate agents £1.27 billion last year
Moverly looked at how many property transactions are thought to have collapsed over the last year and what this means in terms of the cost incurred.
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Summer slowdown starts early as jittery buyers hold back
Asking prices set to fall in most months for the rest of the year with an overall drop of 2% expected by the end of 2023 as uncertainty grips the mortgage market.
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BLOG: In a mortgage crisis let’s keep things in perspective
Kate Davies of the Intermediary Mortgage Lenders Association says despite the current crisis, the number of people who overstretched themselves when they took out their loans is relatively small.
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