Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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AGENTS shrug off Bank of England rate increase to 3.5%
The Bank of England today voted to raise interest rates by 0.5% from 3% to 3.5% – a level not seen since October 2008.
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Gloves are off! Agents and suppliers urge Gove to stop slamming landlords
Ten agents, suppliers and trade association figures also want rest of lettings industry to sign their open letter and back their campaign.
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Purplebricks in unusual push for Christmas and New Year listings
Purplebricks is urging wannabe homesellers to beat the Spring rush and list property now or in the New Year citing the cost-of-living crisis as changing seller priorities.
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NRLA launches partnership with homeless charity Crisis
The National Residential Landlords Association has partnered with homeless charity Crisis to help landlords take on tenancies with people who have previously been homeless.
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WARNING: Negative equity ‘a real risk’ for thousands of homeowners
Report from The Resolution Foundation shows hundreds of thousands of people could face the prospect of losing their home as high mortgage rates and falling prices bite.
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Huge demand for rentals stretching agents to limit, says tech boss
Demand for rental homes in the UK is up by almost a quarter in a year as rents hit record high and competition amongst wannabe tenants intensifies.
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Rising rents slowing exodus of landlords from market, says Hamptons
More landlords are buying properties but figures overall are still down year-on-year as Government policies sting sector.
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Rightmove data prompts market shock as house prices plummet
House prices fall as some movers wait for calmer 2023 with higher mortgage rates dampening buyer demand but more normal activity expected later in 2023.
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Group in charge of selling reform reveals ‘upfront information’ changes
The Home Buying & Selling Group has started to roll out its Property Data Trust Framework to the public and wants the industry to adopt common standards.
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Strong demand for rental homes will bring with it the rogues – warning
Snap poll of landlords reveals the fear that the worsening rental housing shortage will attract bad landlords to the PRS.
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