Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Mortgage senior: ‘Let’s end this empty homes madness’
Martese Carton, Director of Mortgage Distribution at Leeds Building Society, says a national strategy on empty homes could be one of the solutions to our housing supply crisis.
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Estate agents worried vendors ‘unrealistic’ about price
70% of agents say sellers are being unrealistic about achievable pricing for their properties and are overvaluing, reports Propertymark.
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Housing market weakening as demand and sales slide, says RICS
Its latest market update includes indicators all pointing to a slower market, and the trend looks set to continue.
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Frothy sales market ‘over’ but lettings boom continues says chief
More people than ever are looking to live in the private rented sector as would-be buyers try to wait out the cost-of-living crisis and see how the current economic turmoil turns out.
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£5m+ sales performed best in London last year ‘despite mini-budget’
The top end of London’s property market recorded the strongest performance in terms of sales during 2022 with sales 63% higher than their pre-pandemic average.
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PRS shock: London rents rocketed by 20% last year, says Foxtons
Average rental prices in the capital were 20% higher in 2022 than the year before and putting further strain on would-be homeowners.
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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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