Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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First-time buyers held back by ‘deposit myth’
Key drivers ruling themselves out of the housing market because of misconceptions over size of deposits, says MAB’s Rachel Geddes.
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Council search wait times balloon beyond four months
Property deals are collapsing as local authority search turnarounds are extending longer putting greater pressure on chains.
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Savills reports longer property deal completion times
The agency says war in the Middle East has made the market more cautious, but there is no rise in fall-throughs.
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Uncertainty and higher mortgage rates dampen buyer demand, RICS reports
Housing market still in the grip of headwinds stemming from the crisis in the Gulf, says RICS analyst, Tarrant Parsons.
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What ‘Prime Minister’ Andy Burnham could mean for housing
Manchester’s Mayor is the favourite to replace Sir Keir Starmer as Prime Minister – and is calling for lower rents.
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Half of listed homes never sell, Zoopla reveals
Sellers who price too high are significantly reducing their chances of finding a buyer, says portal boss Richard Donnell.
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Stamp Duty “bungs up” housing market, Shadow Chancellor claims
Mel Stride says the Tories would scrap Stamp Duty because it thwarts the plans of thousands of home movers.
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Agents reminded they ‘don’t sell on price alone’ as house values fall
Each appraisal opens the door to a range of revenue opportunities, says the Guild of Property Professionals' Joe Rattue.
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Only ‘a few hundred’ homes available to buy above £15m
The super-prime market relies on collaboration between agents as many luxury homes never reach the portals, says AgentWise's Eric Corsaletti.
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Worrying new stats show quarter of property sellers pull plans
Colby Short, of GetAgent, says many home vendors are holding fire due to economic uncertainty and a challenging market.
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