Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Agents see available sale properties plummet nearly 50% in five years
New figures show a drop of 46% in the supply of residential properties agents can sell compared to 2017.
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Too many tenants still chasing too few rental properties, says Propertymark
Poll of member agents by trade association shows rental market remains wildly out of kilter despite slowing economy.
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Rental market faces ‘perfect storm’ as landlords withdraw, LRG warns
LRG's lettings director says rental homes will be in short supply and rents continue to climb fast unless more landlords come forward.
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EXCLUSIVE: Russian buyers ‘set on prime London property deals once again’
There has been a hiatus in prime sales to Russians in London during the Ukraine crisis but this has begun to unravel, says Gary Hersham.
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Bank of England’s looser mortgage lending rules ‘not reckless… but baffling’
Mortgage experts cautiously welcome announcement but warn that many still remember how 2008 global crash was caused by 'free for all' rules.
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New conveyancing logjam pushes offer to completion to 150 days – claim
Comments are made by Rightmove's data chief Tim Bannister in the portal's latest house price index commentary.
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As crypto currencies crash, it’s good news for property investment
There was a time when some investors favoured Bitcoin and other crypto currencies over property - but a wobbling economy means that could be all over.
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Britain unlikely to hit 300,000 home building target, admits Gove
Housing secretary says high point of 244,000 completions a year before the pandemic was a 'high point'.
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‘Thatcher was right – we need more renters to become home owners’
Claim is made by leading estate agent Trevor Abrahamson following Boris Johnson's announcement on his new 'right to buy' idea.
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10% of property sales are now completed off market, claims Hamptons
Estate agency says that vendors are keen to stop hundreds of people tramping through their homes, while buyers are happy to pay extra to secure a sale.
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