Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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New housing minister warns of ‘trouble ahead’ over planning and housing
Lee Rowley tells Conservative party conference more housing is needed and there will be tensions.
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New conveyancing platform to unlock agents’ time and save weeks of delay
Rello is set up to improve communication and transparency for everyone in a purchase chain.
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Industry reacts as housing market shows first signs of slowdown
The Nationwide house price index reports a small drop in growth this month, with London recording the weakest figures.
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Property and mortgage industry experts say ‘don’t panic’
Financial turmoil is causing panic amongst would-be homebuyers and movers alike but experts say industry should hold fast.
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Mortgage deals drop 40% as market panics following ‘Mini-Budget’
Many lenders have either stopped offering fixed-rates or suspended all their mortgages as the chaos deepens.
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Zoopla: Rising mortgage rates will curb homebuying power
Property portal says withdrawal of cheap money deals will impact on homebuyer spending power by nearly a third.
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Conveyancing giant issues optimistic update after Stamp Duty cuts
Smoove Plc says its strength in the first-time buyer market will boost its financial prospects.
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Now Wales also overhauls stamp duty ‘to help first time buyers’
Welsh finance ministers says changes, which raise zero-rate to £225,000, are to make the taxation system fairer.
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Beachside ‘plot’ becomes UK’s first tokenised land sale
The 'NFT' transaction goes live this week with bids now being accepted for a £1.9m plot on the Hampshire coast.
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London agent: ‘Truss Toy Town economics are huge gamble’
Property expert Allan Fuller warns economic policies of Prime Minister Liz Truss and Chancellor Kwasi Kwarteng could bring chaos.
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