Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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‘Lost’ 175,000 Covid vendors return amid delayed Spring market
Stronger than expected return to a semblance of normality has also prevented price drops - agreed sales prices have risen to 97.7% of asking price.
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‘There’s no doubt about it, this week the property market is back’
Proptech firm calls the return of the market after revealing that viewings levels are just 19% off pre-Coronavirus activity.
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Market awash with ‘love lawn’ home buyers says RICS
The organisation canvassed its estate agency members and found that properties with gardens or access to parks are in greatest after the lockdown.
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Silly offers starting to creep into market, warns leading agent
Lucy Pendleton says her estate agent recently received an offer that was £500,000 under the asking price of £2.5 million for a property.
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Phil Spencer advises some buyers to ‘sit on the fence’ and negotiate
The TV presenter has given a characteristically candid interview in which he spells out the somewhat stark choices facing buyers and vendors during the ongoing pandemic.
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Lockdown will reduce house prices by 5.1% this summer
Price comparison site Reallymoving says conveyancing quotes created between March and May show declining prices across UK.
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Demand for rental properties jumps by 22% over past two weeks
Rightmove claims two months of pent-up demand is now surging through the rental market as relationship separations and job re-locations drive home moves.
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LATEST: property sales pipeline has returned to normal, claims Reapit
Software firm says this and several other key performance figures taken from its platform show a huge upturn in activity within the market over the past fortnight.
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BOUNCE BACK: More properties are now ‘under offer’ than exchanging or completing
Data from proptech firm Coadjute shows first signs of rising activity in the viewings, property listings and 'under offer' parts of the market.
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Home buyer activity surges to pre-Coronavirus levels, latest research shows
Zoopla says estate agents are enjoying extraordinary boom in housing market revival, but warns spike is likely to be temporary.
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