Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Property and mortgage industry experts say ‘don’t panic’
Financial turmoil is causing panic amongst would-be homebuyers and movers alike but experts say industry should hold fast.
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Mortgage deals drop 40% as market panics following ‘Mini-Budget’
Many lenders have either stopped offering fixed-rates or suspended all their mortgages as the chaos deepens.
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Zoopla: Rising mortgage rates will curb homebuying power
Property portal says withdrawal of cheap money deals will impact on homebuyer spending power by nearly a third.
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Conveyancing giant issues optimistic update after Stamp Duty cuts
Smoove Plc says its strength in the first-time buyer market will boost its financial prospects.
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Now Wales also overhauls stamp duty ‘to help first time buyers’
Welsh finance ministers says changes, which raise zero-rate to £225,000, are to make the taxation system fairer.
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Beachside ‘plot’ becomes UK’s first tokenised land sale
The 'NFT' transaction goes live this week with bids now being accepted for a £1.9m plot on the Hampshire coast.
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London agent: ‘Truss Toy Town economics are huge gamble’
Property expert Allan Fuller warns economic policies of Prime Minister Liz Truss and Chancellor Kwasi Kwarteng could bring chaos.
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Scottish Government’s pro-tenant approach ‘hurting student sector’
Scottish students left to fend for themselves and struggle to find accommodation as landlords quit the sector and big cities face lettings meltdown.
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All change at DLUHC: Propertymark reveals what it means for agents
Timothy Douglas, Head of Policy and Campaigns at Propertymark, assesses the latest changes at the Department for Levelling Up, Housing and Communities.
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South-based estate agency makes another expansion move
Charters has bought rival company St Moores as it extends its reach in Southampton.
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