Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Landlords are being driven away from PRS in Scotland, agent warns
Riccardo Giovanacci says the role of landlords is not appreciated, and not enough is done to attract more into the market.
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Industry data firm creates PR ‘unicorn’ with lead BBC News story
PR coup is scored by property market intelligence company, Dataloft, as BBC News leads on unaffordable rents for under 30s across an entire day.
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Agencies face severe pressure from staff costs, consultant warns
Lucy Noonan of Atomic Consultancy says some agencies have staffing expenses peaking at 80% of costs.
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Purplebricks acts to prevent more compliance gaffes
The struggling agency has appointed a director to ensure it doesn't breach regulations or anti-money laundering rules.
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Legal sector leader admits conveyancing is ‘too slow’
ONP says it has increased capacity by 30% to help make conveyancing quicker as the housing market booms.
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Conveyancing giant reveals higher profits as its signs up more agents
The conveyancing giant says gross profits rose despite an EBITDA loss due to investment in new products.
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Conveyancing frustration growing, according to Propertymark member agents
Agents across the country feel the pain, as offer accepted to exchange times grow and grow, says association's latest report.
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OTM’s upbeat property report suggests return to ‘normality’ – really?
OnTheMarket's Jason Tebb says the frenzy is over and the market is returning to normal as prices flatten out and buyer confidence soars. Well, last month anyway...
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Rightmove says stock down 39% on pre-pandemic levels
Prices fall but more likely due to August holidays than rate rises or lack of stock, says property portal.
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Russian cyber attack STILL hampering agents and conveyancers
Property searches taking up to 174 days eight months after local council's system were struck by a malicious attack.
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