Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Ending London’s reliance on Russian wealth will be hard, suggests report
Research by estate agency Aston Chase reveals London has 150,000 Russians living there and that a clamp down would lead to a mass exodus.
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Canvassing ‘does not work as well as it used to’ for agents claims expert
Colin Bradshaw says his firm TwentyCi has crunched the data to see where agents get the majority of their leads, with surprising results.
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PRS ‘perfect storm’ as more landlords leave and tenant demand surges
Propertymark says Wales in particular is seeing the effects of the post-Covid boom and landlords quitting the market as rental reforms loom.
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89% of vendors choose agents on knowledge not how much their fees are
Surprising claim is made by sales progression platform Mio following research among 350 home movers about their attitudes to estate agents.
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Shock figures reveal leap in instructions as vendors return to market
Propertymark says its data reveals an 80% increase in the average number of instructions per branch across its member network.
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Estate agency launches first UK property EVER to be sold in real and meta worlds
Hampton Hall in Surrey, which is on the market at £29 million, is being sold both as a physical home but also an NFT in the digital 'metaverse'.
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Agents and landlords warier of risky tenants as Section 21 ban looms
Data from Goodlord reveals a rise in the number of private rented sector tenants being asked for rent up-front or a guarantor.
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Landlords shunning older properties as minimum EPC band law looms
Over half of investors are looking for upgraded older properties or newbuilds as huge cost of EPC upgrades hits the market.
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Do you agree? Agent joins chorus of disapproval following Kirstie comments
Sussex auctions chief Simon Caplin says it's unfair to lambast young buyers for their spending habits and suggest they should 'buy somewhere cheaper'.
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‘Time to sell’ back to pre-pandemic speeds, agents tell RICS
How long it takes to get from instruction to completion shortened by seven days during January to 16 weeks, the trade body reports.
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