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 growing at fastest rate for 18 months
Average house prices rose by 2.4% year on year, according to the latest Nationwide House Price Index.
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Property industry shares nose-dive after Starmer’s ‘painful’ speech
Investors in the property sector have been spooked by Sir Keir Starmer’s warnings about a painful budget.
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MARKET: Over-priced homes taking a month longer to sell
Portal warns vendors that if their homes later require asking price cuts over 5% to attract attention then they will take twice as long to sell.
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Shocking ‘postcode lottery’ for local authority search times revealed
Spring says its research shows that while some councils turn round requests in less than a day, some take up to 60 days to complete.
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50% of people STILL think estate agents represent buyers
New reserach by YouGov also reveals two thirds of those polled had no idea what a buying agent is and said moving home remained too stressful.
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Price-cap rise ‘means buyers will want energy-efficient homes’
The 10% rise in the energy cap announced by Ofcom will mark a sea change in the way people choose homes, according to Tim Bannister of Rightmove.
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House hunters happy to consider crazy commutes, says Winkworth
Research shows commutes of up to two hours are still popular to secure good schools and attractive location.
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Labour’s Freedom to Buy idea ‘won’t help FTBs’ says expert
Financial adviser Charlotte Nixon warns take-up of existing mortgage guarantee scheme is low and that new measures are needed.
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Base rate cut caused ‘immediate buzz’ in market says leading agent
Patrick McCutcheon at Dacre, Son & Hartley in Yorkshire says the Bank of England's interest rate cut this month gave the market "a big shot of positivity".
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Quality transport links rise up list of homebuyers’ priorities
A survey of homebuyers reveals that broadband and mobile connectivity is top factor, while being able to get around becomes more important after Covid.
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