Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Chancellor mulls annual mansion tax for £2m+ prime properties
Leak to a national newspaper over the weekend reveals Rachel Reeves is eyeing the UK's wealthy to help plug the UK's huge fiscal hole.
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Property ‘sales agreed’ slump as buyers ‘wait and see’ until Budget
Zoopla says the annual sales agreed total has dropped for the first time in two years ahead of next month's Budget.
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Stamp Duty windfall provides ‘food for thought’ for Reeves
£1.2bn boost in SDLT receipts could ease pressure on Budget property tax changes - or highlight Stamp Duty's potential as revenue raiser.
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REACTION: Inflation holds steady as rate cut hopes rise
September's 3.8% CPI figure has confounded expectations and raised hopes for next Bank of England cut being brought forward to February.
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CLAIM: Unsold homes relisted after 90 days ‘off the portals’ sell better
Properties that fail to sell within three months can significantly improve their chances by being temporarily withdrawn and relisted after a rest period, new data reveals.
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Tories to spend cash saved on asylum hotels to cut Stamp Duty
Shadow Housing Secretary James Cleverly says his party would also cash from welfare cuts to help scrap Stamp Duty.
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BLOG: Here’s why overpricing to gain instructions is bad for everyone
Leading London estate agent gives his view (and examples from his own sales pipeline) on the ongoing problems being caused by too-high asking prices.
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Vendors slash prices as property market stalls ahead of Budget
New figures reveal around 6% of listed properties see a price cut within 30 days, in another sign the housing market is slowing down.
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Budget jitters kill off autumn property market bounce
‘Lack of momentum or positive sentiment’ means usual seasonal uplift fails to materialise with movers staying on sidelines, says Rightmove.
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Sales pipeline ‘largest for four years’, Zoopla claims
The portal says estate agents are set to receive £1 billion in commission from current sales agreed – and points to relaxed lending rules driving it.
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