Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
-
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.
Read More » -
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…
Read More » -
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.
Read More » -
New housing minister: what the industry thinks
Estate agents are getting increasingly annoyed by the ever quickening revolving door at the Ministry of Housing as Esther McVey yesterday made way for Chris Pincher.
Read More » -
Reshuffle: New housing minister is Chris Pincher, who arrives from the Foreign Office
After just six months and a few weeks in her ministerial seat, McVey is out after rumoured clashes with boss Robert Jenrick over housing policy direction.
Read More » -
Estate agents angrily reject Chancellor’s mansion tax proposals
Over the past few days The Negotiator has been overwhelmed by agents telling us about Sajid Javid's mansion tax proposals. Here are some of their missives.
Read More » -
Lucian Cook: Why Chancellor’s mansion tax idea will not see the light of day
Savills' head of residential research explains the history of recent mansion tax proposals and why the latest, mooted by Sajid Javid last weekend, is also likely to die a political death.
Read More » -
Portal claims revamped Shared Ownership scheme could be next Help to Buy
First time buyer portal PropertyBooking.com says thousands of first time buyers are keen to register with the scheme as the government decides whether to extend Help to Buy.
Read More » -
January was ‘boom’ month including 12% surge in sales agreed for estate agents
Portal says its website was deluged with people searching for property and that in some areas it has recorded huge increases in numbers of sales agreed.
Read More » -
Hybrid and online share of the market stands still, including Purplebricks
Latest listings analysis using Rightmove data reveals hybrid and online estate agents have yet to break the 5% market share barrier.
Read More »




