Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Booming London property market means it has ALL ‘most expensive streets’
Halifax says the 10 most exclusive locations are all in the Capital, with only one street outside the capital making the top 20.
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Gloomy Nationwide predicts 5% house price fall during 2023
Lender says economic headwinds are set to strengthen, real earnings will fall further, the Bank of England increases interest rates again and the economy shrinks.
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New hope for FTB market as Government extends Mortgage Guarantee Scheme
The Mortgage Guarantee Scheme will be extended by a year to the end of December 2023, helping people with 5% deposits on to the property ladder.
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Pindar wins showdown fight with rebel Purplebricks investor
Chairman Paul Pindar is victorious in crunch vote proposing he stand down, as veteran Harry Hill is rejected as a replacement.
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CHAOS: House purchases hit record high but conveyancer numbers dwindle
House purchases were the highest recorded in five years in Q3 2002 once the covid backlog in Q1 was taken out, latest data from search property provider Search Acumen suggests.
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Supply issues beginning to ease except in NI, latest data reveals
Number of homes coming to market have risen across nation and particularly in the South West, East Midlands and the Humber.
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AGENTS shrug off Bank of England rate increase to 3.5%
The Bank of England today voted to raise interest rates by 0.5% from 3% to 3.5% – a level not seen since October 2008.
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Gloves are off! Agents and suppliers urge Gove to stop slamming landlords
Ten agents, suppliers and trade association figures also want rest of lettings industry to sign their open letter and back their campaign.
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Purplebricks in unusual push for Christmas and New Year listings
Purplebricks is urging wannabe homesellers to beat the Spring rush and list property now or in the New Year citing the cost-of-living crisis as changing seller priorities.
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NRLA launches partnership with homeless charity Crisis
The National Residential Landlords Association has partnered with homeless charity Crisis to help landlords take on tenancies with people who have previously been homeless.
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