Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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FTBs flock to auctions to ‘beat Stamp Duty deadline’
Reports from conveyancers suggest some FTBs are opting to buy at auction as they have run out of time before SDLT rates rise.
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Property investors ‘not put off’ by Stamp Duty hit
Chancellor Rachel Reeves raised Stamp Duty on buy-to-let purchases, but many landlords have been undeterred, according to Julie Davis of conveyancing firm LCF.
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OFFICIAL: Bank of Mum and Dad phenomenon ‘waning’
The number of first-time buyers receiving cash from their parents to help with a home purchase has fallen significantly.
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OFFICIAL: Mortgage borrowing rises £1bn during December
The latest figures from ONS reveal growing buyer confidence as mortgage lending rises to £3.6 billion and mortgage approvals hit 65,000 last month.
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Estate agency giant reveals strong results and appoints new boss
The parent company of Reeds Rains and Your Move announces CEO David Stewart is to step down after five years at the helm.
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ZOOPLA: Property sales up 12% in strongest start for three years
Portal's data boss Richard Donnell say looming Stamp Duty hikes are driving sales, with homes listed and demand also up.
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Foxtons reveals impressive results in latest trading update
The London firm saw revenue grow 11% and sales rocket 33% last year, revealing its sales pipeline is the best in nine years.
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Spanish PM to ‘blanket ban’ all property sales to Brits
Pedro Sánchez causes uproar within UK and Spanish property industry following latest announcement during a political rally.
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Estate agents ‘fear market correction after stamp duty rise’
Many are concerned that sales which miss the deadline will fall through and demand and prices will fall.
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FTB market to face problems as mortgage rules change claims Savills
A move to relax home loan criteria is likely to push up demand and prices, the blue-chip agency's latest research claims.
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