Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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BREAKING: Mortgage holiday scheme to be extended for another four months
Financial Conduct Authority says the extended relief period is necessary to prevent a cliff edge of mortgage defaults.
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Housing transactions drop by 53.4% during April, but over 50k sales still completed
Shocking once-in-a-lifetime results from HMRC reveal the hammer blow the sales market received last month following the Coronavirus lock-down.
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House sales increased by 76% last week after housing market re-opened
Activity dials for almost every part of the sales market increased dramatically as agents return to work and house moves resume.
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First week back: sales and instructions boom, but nervous vendors drop prices
Research by TwentyCI reveals a 'huge surge' in activity as stalled sales completed and new moves were initiated, but first indicators of a price correction are also highlighted.
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Housing market will take two years to recover from Coronavirus
Forecast is made by Scotland's largest and best-known estate agency Rettie & Co as it also predicts 35% drop in sales transactions this year.
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EXCLUSIVE: ‘There is huge latent demand in housing market following Coronavirus lockdown’
Leading property technology firm Coadjute reveals 24% jump in listing prior to government's market restart announcement as it launches exclusive partnership with The Negotiator.
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House hunting activity increased by 45% yesterday, says Rightmove
Portal says it experienced huge increases in traffic and enquiries as the 'bounce' predicted by many takes place despite reports of a looming recession.
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Keir Starmer forced to defend Labour policy on tenant evictions
Labour leader gets flack from the left of his party for his softer line on rent arrears after launching five-point plan to protect tenants during the crisis.
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House prices to drop by up to 10% and transactions by 36% this year
But Savills predicts economy and property market will recover quickly and return to pre-Coronavirus levels next year.
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Number of property sales dropped by 40% during March, official figures show
Expected slump following the lockdown is detailed in the March 2020 Price Paid Data from HM Land Registry.
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