Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Property shares crash by up to 12% as Coronavirus spooks investors
Shares in all the UK's leading property companies were battered during the closing hours of trading on Friday as a second death related to the virus was confirmed.
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First time buyers flee their parents’ home towns… and prying eyes
Gone are the days when young buyers wanted to live near their parents, with many choosing to live 20 miles away - presumable to avoid their family's prying eyes.
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‘Busiest February for lettings in recent times’ claims independent agency
Jackson & Co says both renewed confidence in housing market and its negotiators' efforts have prompted a record month for the firm, echoing several recent national rental indices.
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Northumberland moves to ban property sales to holiday home buyers
The county council says it wants to protect communities in areas where 20% of homes have already been bought as holiday or second homes.
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Leading property firm claims fall through rate of just 5%
Buying agency Garrington says its model delivers lower sales fall-throughs as government grapples with its solution - reservation agreements.
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Has the ‘Boris bounce’ lost its momentum in central London?
Knight Frank reports on its latest data for Prime Central London market which includes a revival in December but a drop during January.
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Geordie cheer: Newcastle is last city to regain its pre-2007 house prices
The portal says Newcastle was the last city to cross the threshold, albeit some ten years behind its southern counterparts including London, Oxford and Cambridge.
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Counting the Costa! Great estates push out high street chains to maintain house prices
Leading property search firm says London's big central land owners want to create boutique-strewn 'villages' much beloved of wealthy house hunters.
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Johnson makes U-turn on mansion tax plans after heartlands backlash
Boris Johnson has scrapped government plans to introduce a mansion tax after a backlash from his party’s traditional bricks-and-mortar owning heartland. Over the weekend the new Chancellor Rishi Sunak said it was ‘highly unlikely’ that the measure would proceed, while the Prime Minister is said to have ‘cooled’ on the idea despite heralding it last week as a key policy to enable the UK to be ‘levelled up’ economically. But another reason for the ditching of the idea has been forming over the weekend among political commentators; that the mansion tax proposals were part of a plan by Johnson and his chief aide Dominic Cummings to oust Sajid Javid from No.11 if he didn’t go along with their plans to downgrade the power of HM Treasury. The idea was clearly not Javid’s. As property industry figure Trevor Abrahmsohn (left) found out after attending a private meeting recently with the now former Chancellor, he is unlikely to have adopted what has been in the past a Labour policy. “It was evident that he was a ‘fiscal pragmatist’, i.e. he believed in the notion that taxes are designed to raise as much money as possible for the Treasury, rather than being a…
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Rightmove predicts ‘boom’ Spring market as sales agreed leap by 12.3%
The portal says all the indicators point to a return of confidence among buyers this month but warns agents not to let vendors get carried away.
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