Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Foxtons sees overall revenue up but property sales revenue falls
The company says it expected a drop in sales, but operational improvements and acquisitions will deliver a good year.
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MARKET: 70% of homes listed in 2023 have sold, latest figures show
New Instructions stand at 587,605 with 374,280 sold subject to contract with some 197,245 completions in the last three months, says TwentyCI.
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Tenant ‘squeeze’ set to continue says leading prime lettings agency
Fine & Country chief points to data showing PRS stock that remains static but demand that's been building ever since Covid faded away.
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New First Minister takes aim at second home owners
Humza Yousaf promised to target second homes in Scotland, and has wasted no time with a plan to hike council tax rates.
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Retirement surge ‘driving landlord sales’, says leading estate agency
BTL investors leaving the market and selling up are being driven by retirement with around 140,000 retiring last year and the number is likely to continue, says Hamptons.
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Housing market ‘isn’t as bad as the media is portraying’
Comment is made by Spectre as it launches quarterly report, with forecasts showcasing data from the first quarter of 2023.
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Housing market ‘downbeat’ at moment but set to pick up, says RICS
Surveying trade body says its poll of agents shows enquiries, sales and prices are all down, but there is some optimism for later this year.
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Stamp Duty: Older people should be bribed to downsize, say TV star
Kirstie Allsopp reckons older home owners in big houses should be incentivised to sell up through lower Stamp Duty costs.
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Profits drop at LSL as it battles tough property sales market
Estate agency revenues at LSL were down 5% on 2021 as the group battled with housing market cycles and the impact of the Stamp Duty holiday.
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‘Time to find a buyer’ rises dramatically as economy calms
The average time to attract a buyer is now 55 days, according to the portal, with Scotland being the fastest market.
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