Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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INDUSTRY REACTS as BoE raises base interest rate to 0.25%
Likely rise in mortgage rates in the medium term fails to worry agents as market continue to motor despite rise of Omicron virus variant.
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BLOG: The Simplify debacle highlights uncomfortable truths about referrals
The IT problems at the conveyancing giant have raised questions both about referrals and how conveyancing progress is communicated to customers.
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RICS warns instructions drought is ‘threat to housing market’
Trade organisation is worried after another month of declining listings reported by its estate agency membership.
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Chancellor proposes slashing VAT rates as 2024 election looms
Any reduction in the duty would be welcomed by estate agents, whose 'inclusive of VAT' charges would look more attractive to prospective clients.
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Reshuffle: Lisa Nandy is new shadow housing secretary as Powell exits
Lucy Powell has move to the Digital, Culture, Media and Sport amid chaotic reshuffle to give shadow cabinet a more moderate flavour.
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Private landlords report ‘record’ demand for properties
NRLA latest quarterly poll of members reveals extraordinary jump in demand from tenants as the rental market market has revived.
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Property market is ‘unsustainable’ claims property boss as stock dwindles
Just weeks after an agency closed down blaming the instruction drought, Propertymark's leader confirms stock levels are at historic lows.
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Exclusive: ‘How do we support landlords in the long term?’
ARLA president Maxine Fothergill does some straight talking for The Negotiator about the challenges facing landlords and the PRS.
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Industry reaction: House prices rising by nearly 12% a year, says Land Registry
Extraordinary rises particularly outside London will simmer down next year as normality returns to market, helped by a potential rise in interest rates.
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WARNING: Interest rate rise before Xmas is on the cards, says Bank of England chief
One of the key anchors of the housing market in recent years could be about to slip as BoE attempts to rein in 'off target' inflation.
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