Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Landlords ‘at risk of going out of business’ as profits squeezed
IMLA’s Kate Davies says the focus now needs to be on landlords and increased investment in the private rented sector.
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Estate agents suffer “poor month” as mortgage rate rises bite – ONS
The Office for National Statistics says activity in the property industry fell in April despite the economy picking up.
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Big conveyancing firm reorganises staff workload following criticism
The firm’s service levels came in for stinging criticism at the beginning of the year but now it has reduced the size of its working pipeline.
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Major lenders suspend mortgages ahead of expected rate rise
Both Santander and HSBC have called a halt to new lending during the past few days as house buyers rush to beat another rate rise.
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Search agents group bolstered by new members
IPSA is joined by the largest independent search firm and three others as it extends its national reach.
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New agent academy targets young recruits
One of London’s leading estate agencies has launched a new initiative to support young people on a career in estate agency. The Johns&Co Academy invites young people to train and learn valuable skills on courses ranging from Junior Estate Agent, Housing & Property Management, Customer Service and Recruitment Resource. Eight recruits have already signed up for the inaugural class of 2023, and have now embarked on the training scheme. Permanent At the end of the programme, which lasts between 12 and 18 months, the trainees will gain an industry recognised Arla qualification, awarded by PropertyMark, and will be considered for a permanent position at Johns&Co. As part of the programme, the apprentices will spend time shadowing senior staff members, attending workshops to learn about every aspect of the job and to gain wider knowledge. The launch of The Academy follows Johns&Co’s involvement in the government-led Kickstart scheme, which has seen the agency successfully train 16 young Kickstarters and find permanent positions for many of them in roles across marketing, accounts, property management, sales and lettings. Young people are faced with so many barriers.” Georgie Barraclough, HR and talent director at Johns&Co, says: “Young people are faced with so many barriers…
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£1.3bn lost to the PRS by renters staying with Bank of Mum and Dad
The average would-be tenant is set to save £12,290 by continuing to live rent-free with parents this year – costing the PRS a whopping £1.3bn.
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Landlords hung out to dry by mainstream media
Landbay’s Paul Brett says that we need quality landlords more than ever and new entrants too, as demand continues to outstrip supply.
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Boom in demand for prime London property revealed
Foxtons says there is a 59% increase in demand from buyers and renters for high end homes.
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