Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Cheaper mortgage rates will help soft landing for housing market
Nationwide says cheaper mortgages will help the housing market in 2023 and avoid forced sales from mortgage defaults.
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Industry urged to press ahead with tax digitisation despite U-turn
Government plans to digitise the tax process for business owners are still going ahead – despite a two-year delay – and agents and landlords have been urged to stay ahead of the game.
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Great flight to country and coast ‘runs out of steam’ claims Zoopla
Research by portal reveals the pandemic-inspired search for a more bucolic lifestyle is no longer driving home searching.
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Conveyancers ‘need to leverage technology to keep pace’
Conveyancers need to leverage technology to keep pace with demand and help cases complete before market conditions worsen, Search Acumen has warned.
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Booming London property market means it has ALL ‘most expensive streets’
Halifax says the 10 most exclusive locations are all in the Capital, with only one street outside the capital making the top 20.
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Gloomy Nationwide predicts 5% house price fall during 2023
Lender says economic headwinds are set to strengthen, real earnings will fall further, the Bank of England increases interest rates again and the economy shrinks.
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New hope for FTB market as Government extends Mortgage Guarantee Scheme
The Mortgage Guarantee Scheme will be extended by a year to the end of December 2023, helping people with 5% deposits on to the property ladder.
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Pindar wins showdown fight with rebel Purplebricks investor
Chairman Paul Pindar is victorious in crunch vote proposing he stand down, as veteran Harry Hill is rejected as a replacement.
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CHAOS: House purchases hit record high but conveyancer numbers dwindle
House purchases were the highest recorded in five years in Q3 2002 once the covid backlog in Q1 was taken out, latest data from search property provider Search Acumen suggests.
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Supply issues beginning to ease except in NI, latest data reveals
Number of homes coming to market have risen across nation and particularly in the South West, East Midlands and the Humber.
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