Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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House prices to rise slowly next year, predicts big lender
Amanda Bryden at Haifax admits it is hard to forecast what will happen next year with the uncertain economic outlook in the UK.
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FCA: ‘We’ll help property market with more relaxed mortgage rules’
The Financial Conduct Authority plans to make mortgage lending simpler and more flexible in a raft of changes to be introduced next year.
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Rightmove predicts bigger than usual Boxing Day bounce
Survey reveals rebound in buyer and seller confidence as the impact of the Budget uncertainty fades and demand ramps up.
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Bank of England set to cut base interest rate this week
Most analysts agree the Bank will reduce the rate from 4%, with some even saying a 0.5% cut is possible.
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Prime London bounces back as £2m-plus listings surge
Upmarket London estate agency reports sharp rise in activity despite the introduction of the Mansion Tax.
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Latest new trend in the housing market? Meet the ‘Rogers’
Estate agency Jackson-Stops says the new acronym refers to young buyers reliant on their grandparents for both a deposit and child care.
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No sign of ‘quick upturn’ for property market, warns RICS
Simon Rubinsohn at the RICS says the recent Budget has done nothing to stimulate the market, although the longer term picture looks brighter.
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New mayors to get £200m a year to boost stalled housebuilding
Housing Secretary Steve Reed says Government is to provide fresh funding to reboot its 1.5m new homes pledge just two months after Savills reported 'dire' situation within newbuild market.
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AGENT: I’m expecting a better housing market next year – are you?
Tim Foreman of LRG says many home movers will be active in the New Year, and the supply of new builds will need help to keep up.
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Will estate agents be working over Xmas? 28% say yes!
Colby Short at GetAgent says some agents are planning to extend their opening hours over Christmas to cope with extra demand, with many expecting to field emails and text from clients.
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