Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Housing markets with largest first-time buyer discounts revealed
YOPA’s Verona Frankish highlights that house prices are high but first-time buyers still spend a lot less than second steppers.
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House prices drop annually for first time in three years
The latest Lloyds House Price Index suggests sellers are reluctant to accept lower offers, so the market is slower.
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Housing market facing ‘crunch time’, Propertymark warns
Nathan Emerson, of Propertymark, says the Bank of England's interest rate decisions and the Budget will be crucial for the housing market.
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Mortgage rates set to climb ahead of Bank decision
Chief Economist Huw Pill believes the Bank of England should vote to raise the Bank Rate next week.
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Major housebuilder blames “subdued” property market for poor results
Crest Nicholson is currently forecasting a loss this year after previously saying it would make a profit.
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A third of buyers would walk away over damp or structural issues
LRG research suggests more upfront information will highlight property defects and first-time buyers are more likely to be deterred.
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Barriers stopping agents and conveyancers completing transactions are highlighted
There is plenty of investment in technology but property professionals have other priorities, says We Are Unchained’s Simon Leadbetter.
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Market bounce stalls as mortgage approvals fall
The latest Bank of England data reveals home loans agreed were down more than 2,000 last month.
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House price growth bounces back, says Nationwide
The latest Nationwide House Price Index shows the rate of average house price growth in Britain has had a summer boost.
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Premium paid by buyers to live in a National Park is revealed
House prices in National Parks are high as the locations are highly desirable, says Nationwide's Andrew Harvey.
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