Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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RICS says housing storm arriving in ‘cloud of inflation’
The trend is consistent across the property market, with a less negative view among new buyers reported, in every region when compared to January.
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Time to sell highest for 10 years as buyers grapple with mortgages
New analysis by Hamptons reveals the average wait time for a buyer is up to 49 days now, the longest in 10 years.
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More mortgage deals pulled as nervous market fears rate rises
Lenders withdraw mortgage offers amid concerns that the Bank of England will raise interest rates further.
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‘Mortgage crisis will drive more buyers to choose 35-year loans’ – expert
Ray Boulger of brokers John Charcol told The Neg a trend for longer-term mortgages was set to continue.
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£1 Purplebricks sale to Strike agreed by shareholders
At a General Meeting held on Friday, Purplebricks' shareholders agreed by a vote of 91% to the sale to rival, Strike.
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Management buyout at JLL creates new estate agency
JLL's operations in Manchester, Liverpool and Leeds will now run under a different banner as a new residential agency is formed.
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Estate agents back on TV as posh homes show returns
The super prime property market is booming and competition to court ultra-high-net-worth individuals with money to spend is fierce in the hit Channel 4 show.
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Property sales drop more than 50% as market cools
Every area of the market across England and Wales has seen a decline in market activity when compared to the same period last year.
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Mortgage lenders pull nearly 400 products as swap rates jump
Since the start of last week the number of mortgages has fallen from 5,385 deals to 5,012 and the buy-to-let market has also seen lenders pull fixed deals.
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Sales at a peak but interest rates threaten rest of year – Zoopla
The tentative recovery in the housing market looks set to weaken due to the Bank of England's pressure on interest rates, according to Zoopla.
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