Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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The best place to sell your home in UK in 2019
New survey shows northern towns out-doing London in terms of percentage of asking price achieved.
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House prices growing across all regions of the UK – RICS
House prices continue to rise as supply is squeezed, but fears grow over the impact of the Coronavirus outbreak.
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Bank of England cuts interest rate to 0.25%
The rate cut of half a percentage point by the Bank of England as a monetary stimulus has been welcomed by property experts.
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Stamp Duty hike for overseas buyers of UK property
Formally announced in the Budget, a stamp duty surcharge of 2% of the purchase price of a property for buyers from overseas will take effect next year.
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Chinese buyers hit new high for prime London homes
Chinese took 6% of London’s prime property market in the second half of 2019, with 55% of property being sold to foreigners.
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Regional house prices set to grow dramatically
Manchester leads the way, as JLL’s regional forecast highlights rapid growth in the regions over the next five years as the economy is rebalanced away from London.
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Chancellor to review business rate system
Is the high street about to be saved? A major review of the controversial business rate system is likely in tomorrow’s Budget.
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House prices rise 0.3% in February
House prices rose by 0.3% month-on-month in February, down on January – but trend still strong.
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Stamp out stamp duty, say experts
Chancellor Rishi Sunak is under pressure to make big reductions in stamp duty to keep the market moving.
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Will build-to-rent make traditional letting agents redundant?
Industry figure Lesley Roberts says agents do have a role to play in build-to-rent, but margins and business models will have to change as the market consolidates.
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