Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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373,000 SSTC properties waiting for Coronavirus lockdown to end
Zoopla says its research shows that property worth £82 billion is stuck within the frozen housing market, which corresponds approximately to £1.47 billion in sales commission.
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Land Registry website activity drops by 10% as Coronavirus slowdown hits
Latest data from the government department reveals the first effects of the crisis in official data.
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Rental searches drop 35% as lockdown stops viewings, but tenants ARE getting ready to move
Despite demand weakening, Rightmove says tenants are getting ready to make their delayed move, in many cases to a property with a garden.
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Chestertons reports on its lettings activity during four weeks of lockdown
The London agency reports that it has has registered 2,369 new tenants needing to move, conducted 3,432 virtual viewings and agreed 199 new tenancies during Lockdown.
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What crisis? Cornish agency says offers on empty and new properties still taking place
John Bray and Partners says empty properties are still attracting offers after buyers see just virtual or video walk-throughs of the properties.
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Leading estate agency calls for Stamp Duty holiday to revive market
Knight Frank says industry will see 38% of property sales disappear this year due to Coronavirus and is calling for drastic measures to be implemented to get people moving again.
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Property sales deals are still being done, claims leading agent
Simon Wilkinson, leading Bedfordshire agent and Propertymark board member, says it's not all gloom and doom yet for sales agencies.
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Sales agreed plummet by 70% since lock-down, market snapshot reveals
Zoopla says that although activity is falling off a cliff, sales continue and a mass withdrawal of properties from the market has failed to materialise.
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Labour leader Keir Starmer reveals new shadow Secretary of State of Housing
Bristol MP Thangam Debbonaire says she wants to tackle the UK's lack of affordable housing and the ongoing homelessness crisis.
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500,000 apartment block owners will be able sell their homes… soon
Ministers have revealed an industry initiative to help leaseholders and mortgage lenders access information on building safety and help thousands of people stuck in homes they have been unable to sell since Grenfell.
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