Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Buyer boost amid steep mortgage rate drop
“Borrowers are seeing fixed mortgages falling at their fastest pace for almost two years," says Moneyfacts' Rachel Springall.
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Britain’s poshest postcodes are revealed
Britain’s poshest postcodes where homes change hands for more than £1million, have been revealed.
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Affordability and outdated assumptions ‘deter homebuyers’
HomeOwners Alliance's Paula Higgins, says: “More than half of aspiring homeowners believe they will never get onto the ladder."
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Sellers still price homes like it is 2021, warns agent
Thousands of sellers risk pricing themselves out of the market by setting pandemic boom-style asking prices, says London agent, Josh Endacott.
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Taxes hit property market harder than Middle East war
North London estate agent Jeremy Leaf says concerns about property taxes rises have replaced the Iran war as an excuse not to buy or sell.
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Burnham’s property tax plans dismissed by Tories
Mel Stride, Shadow Chancellor, says Andy Burnham's proposals for a land value tax would represent “a huge tax rise".
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Lenders demand urgent help for first-time buyers
Around 3.5 million households are locked out of homeownership and need a helping hand to get onto the housing ladder, says the IMLA.
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South-facing gardens still popular despite heatwave effect
Buyers are willing to pay £20,000 extra for south-facing gardens, but is the sun setting on this premium?
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Property buyer demand dips with offers down
Adam Day, of EXP, says there is a divide with areas in the North seeing stronger demand than southern markets.
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Subdued homes sales ahead, RICS survey warns
The housing market activity is likely to remain relatively subdued in the near term, says RICS' Tarrant Parsons.
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