Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Worrying news for agents as landlords ‘prefer direct management’
New study by academics in Bristol highlights the controversial findings from major probe into attitudes among landlords.
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Halifax and industry leaders blame weakening market on ‘Mini-Budget’
Lender says Mini-budget and financial downturn are to blame - but what do agents on the ground think is driving lower sales prices?
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EPCs ‘no longer fit for purpose’, RICS insists
The RICS says EPCs need to be digitised so prospective buyers can tailor the energy ratings.
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New-build sales for agents in jeopardy as construction flatlines
Data from RICS shows the housebuilding industry is slowing down after the post-Covid boom.
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REACTION: Bank of England hikes base rate to whopping 3%
Governors of the Bank of England today voted to raise interest rates by 0.75% from 2.25% to 3% – the highest one day rise in 30 years.
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Foxtons returns millions of pounds back to shareholders via new scheme
Foxtons Group has begun to buy back £3 million in shares as it starts to return excess cash to shareholders.
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UK Finance wants Stamp Duty refund for net zero homes
Stamp duty rebates should become available if energy efficiency improvements are completed within two years of property purchase.
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Nationwide: House price rises slow
Annual house price growth slowed to 7.2% in October, from 9.5% in September.
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Deals set to plummet but no price crash, says JLL
There will be a 'steep fall' in transactions but house prices will suffer a more modest drop next year, the agency forecasts.
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Richmond Council demands stop to rental discrimination
Richmond Council is joining forces with Citizens Advice Richmond to help stop discrimination against renters who receive benefits.
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