Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Government’s private rented sector strategy ‘in tatters’ say landlords
Comments from NRLA come as speculation mounts of a further tax hike on rented housing in today’s Autumn Statement.
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Prime London sees spike in fall-throughs as offers subside – claim
Agent platform LonRes says there was an 80% increase in central London property deals falling through last month.
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Striking civil servants at HM Land Registry won’t make a difference
HM Land Registry is among the 126 government departments from pensions to passports that voted for strike action last week but many believe service is so bad it will be hard to notice any difference.
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Rent bills eat up more of tenants’ income than ever before
Estate agency giant Hamptons says the amount renters are paying is now nearly half their total income on average.
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Landlords slam Mayor Sadiq’s summit before it’s even started
National Residential Landlords Association says its disappointed London Mayor Sadiq Kahn thinks he can solve challenges without any input from those who actually provide the homes.
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London rental prices reach new high as lack of supply continues
Latest data from Foxtons shows rental prices reaching record high weekly prices in October as rising interest rates and lack of supply put pressure on rental prices.
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Sellers drop prices as market boom disappears reports Rightmove
Rightmove's HPI shows that the number of vendors lowering the asking price doubles from last year.
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London estate agents braced for day of ‘activist action’ over rent
London estate agents are being threatened with “a day of action” on December 3 by a union demanding rent controls in the capital.
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First-time buyers drowned out of market as cost-of-living storm batters prospects
Homeownership dream in tatters as first-time buyers buffeted by cost-of-living storm with five in 10 doubting they will ever get on the ladder.
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Conveyancing giant says investment in new products explains loss
Smoove made a loss of £3m despite revenue rising 4% to more than £10m over its most recent accounting period.
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