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 will rise 2% this year – but growth likely to stall in 2021
Pent-up demand is pushing house prices up – but economic fall-out of government's Covid restrictions next year will mean zero growth.
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Estate agents selling homes fastest in £1m+ prime market says Rightmove
Ongoing sales boom is strongest in key prime home hotspots including cheaper parts of London but also second-home favourites in Norfolk, Wiltshire and Cornwall.v
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Property industry booming as other sectors wilt, reveals Bank of England
Estate agency and new homes are among the few areas of the economy untroubled by the Covid lockdown and social distancing, says Bank of England.
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Over-pricing increases time-to-sell by 26 days, says Rightmove
Rightmove claims the current feverish property market means first offers are likely to be the best, assuming they are correctly priced.
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House prices to nosedive by 14% in New Year, predicts leading research body
Well known for its prescient economic reports, the CEBR says prices will begin to drop once the stamp duty holiday and furlough schemes come to an end.
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Is the sales boom in danger of being scuppered by slow conveyancing?
Agents and conveyancers are worried that system is beginning to creak as record numbers of sales put sales progression under huge pressure.
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North is buy-to-let profits bonanza for landlords, says Zoopla
Portal says Nottingham is the most southerly buy-to-let hotspot at the moment with all the others in its Top Ten all in the north or Scotland.
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Sales boom will turn into a house price inflation bubble soon, says RICS
House prices are already rising in virtually every area of the UK as the unprecedented sales surge continues to see demand outstrip supply.
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The ‘sales party’ will continue until March, predicts Winkworth
Company says furlough wind-down will not dent market confidence and that Sunak's stamp duty holiday will keep sales going until March.
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Homes selling within a week of being listed jump by 125% to highest in ten years
Rightmove says surge in offers being made on freshly-marketed properties is in part down to the March stamp duty holiday deadline.
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