Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Slowest – and fastest – sale completion times in the UK revealed
Homes in Birmingham city centre and its Summerfield Park area as well as Clapton in London are among the slowest in the UK to sell from date of listing to completion.
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Market bounces into new year with prices up – Rightmove
The Rightmove HPI shows that house prices have risen nearly 1% this month after the pre-Xmas lull.
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Rents soar with most deprived areas surging in popularity
Tenants in England and Wales spent a whopping £71.5 billion on rent in 2022 – almost the same as the entire forecast corporation tax intake.
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More landlords will quit in 2023 and rent arrears will rise – survey
Rising arrears and falling house prices will see more landlords quit the market this year according to research by Goodlord.
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Falling longer-term interest rates could lead to cheaper mortgages
Falling longer-term interest rates could lead to cheaper mortgages and improve the affordability position of potential buyers – especially if wages rise.
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Mortgage payment shortfalls hit hundreds of thousands
More than 770,000 households are at risk of falling behind with their mortgages, the financial regulator reveals.
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Strike ‘set to hit’ property deals
David Alexander says strike action by civil servants at Registers of Scotland will delay transactions.
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One in three conveyancers plan to quit within five years
Research from tmgroup reveals a third of conveyancers are planning to quit the sector in the next five years with many looking to go sooner.
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Leaseholders face new questions on building safety
The Law Society says property forms requiring extra information from leaseholders will help buyers secure a mortgage.
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Winkworth to top forecast profit figure in ‘buoyant’ market
The upmarket London-based franchise network says it will beat the expected profit figure of £2.3 million.
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