Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Value of British homes now £9.2 trillion – four times greater than UK GDP
UK’s 11.9 million homes have increased in value by average of £49,000 since 2016 – with total value rising by £550 billion in last year.
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Detached homes are the hottest rental properties, report says
Rents on detached homes increased twice as fast as the average for all UK properties during Q3 2021, according to The DPS.
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Competition for business across the UK hots up as more new agents pile in
Research by hybrid agent Nested has found that an increase in the number of estate agents means there’s now tougher competition amongst those looking to list and sell homes – despite the housing boom.
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The commuter belt is widening, says new survey
92% of hybrid workers are willing to commute further to get their desired property or location, according to a survey conducted by NerdWallet.
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OnTheMarket reports revenue up 46% in first-half trading as market booms
Profit rises by 163% to £2.1m as portal releases interim trading results to City.
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In search of space: London suburbs ‘red hot’, says property research firm
Leafy suburbs are enjoying a renaissance as buyers look for bigger houses and gardens – which are being used as extra living space.
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Are new-build homes too expensive for this generation of buyers?
Data from Openpropertygroup.com calculated affordability ratios based on new-build house prices compared with workplace earnings.
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Property sale fall-throughs drop to one in 10
The fall-through figure of 11% for the last quarter is the lowest since 2006 and is down 28% on the previous quarter.
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Former housing minister and Tenant Fees Act champion loses battle with cancer
James Brokenshire's family release statement saying he died peacefully in hospital nearly four years after first symptoms.
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Sales market ‘defies gravity’ once again despite end of Stamp Duty holiday
Halifax figures reveal 1.7% rise in house prices during September when most purchases wouldn't have completed in time to catch SDLT zero-rate.
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