Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Conveyancers see no evidence of property market rebound
Industry body’s latest quarterly confidence tracker report reveals sluggish activity and muted post-Budget recovery.
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First-time buyers inject momentum into property market with highest share in 20 years
New figures from Connells show that FTBs made up more than a third of home purchases last month, with the number for London even higher.
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Investigation launched after major conveyancing firm shuts doors
PM Law operated five offices and traded under several different names before it closed abruptly last week.
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Estate agents give Bank downbeat message on market conditions
The Bank of England says agents report only "marginal improvement this month", with "little evidence of a pick-up in viewings or transactions".
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Average house price now tops £300,000 – Halifax
Industry reacts to news as Head of Mortgages Amanda Bryden at the Halifax reveals property prices rose 0.7% last month after a dip in December.
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INDUSTRY REACTION: Bank keeps base rate at 3.75%
As predicted, the Monetary Policy Committee has erred on the side of caution and has voted to keep the base rate on hold.
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Busiest city in the UK for estate agents revealed
Despite improving supply levels, the number of listings per branch varies widely between the regions and cities.
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Santander offers new 2% deposit mortgage to first-time buyers
The offer is for a five-year fixed rate, but the lender is restricting the loan offer so it is not available on flats or new builds.
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House prices up in January, according to Nationwide – industry reaction
The building society's Chief Economist, Robert Gardner, expects further recovery in the coming quarters as affordability improves and confidence grows.
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Bank expected to reject interest rate cut this week
The Bank of England and its Governor Andrew Bailey are set to keep interest rates static this week, with inflation a key factor.
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