Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Huge surge in demand for rental property as supply flatlines
Estate agents say that while the number of tenants house hunting keeps climbing, the number of available properties to rent has flatlined.
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Weakened demand sees return of buyers’ market
The booming house sales market was unsustainable and is now starting to balance out to pre-pandemic levels.
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Former Chancellor pours cold water on Government’s house-building targets
George Osborne tells Neg conference that 300,000 is unachievable without major Government intervention in market.
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LSL slams mortgage turmoil but group figures including instructions hold up
David Stewart, CEO of LSL, the Your Move parent company, says the last few weeks have been rocky, but results are still healthy.
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Mortgage interest rates on the way down, experts tell estate agents
Average five-year fixed rate loan offers are now below 6% with some even as low as 5%.
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Rental market most competitive on record as buyers hold back
Demand for homes to rent has jumped with four times the number of tenants per property available, the portal says.
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Purplebricks power struggle showdown – shareholders to decide
Motions to replace chairman Paul Pindar and replace him with veteran Harry Hill will be voted on at a general meeting.
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Property sales dip but are still up on last year, new figures reveal
Transactions data from HMRC shows the housing market remains strong, but the hit from mortgage rate hikes may still bite.
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George Osborne confirmed as key speaker at The Neg Conference
Former Chancellor and now back-room supporter of current No.11 resident is to appear on the Neg stage this Friday.
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Dodgy spray foam insulation cases ‘skyrocketing’, warns Nationwide
The lender says homeowners are more susceptible to rogue installers as they look to save money by making homes warmer.
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