Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Mortgages outside London top £500k
Lucian Cook, of Savills, says there is growing housing wealth in the North, with more high value home loans.
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Homeowners keen to downsize but want to release £100k
There is demand to downsize but more support is needed to make it easier for homeowners, says Barclays' Jatin Patel.
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Rightmove reveals high supply is restricting asking price growth
Buyers remain price-sensitive amid high levels of stock and rising mortgage rates, says Rightmove’s Colleen Babcock.
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Most first-time buyers pay more than they did in rent
Hamptons' Aneisha Beveridge says higher mortgage rates mean the financial case for tenants to buy has been turned on its head.
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New listings outpace sales amid higher borrowing costs
More listings are now chasing fewer committed buyers amid higher borrowing costs, says Sprift’s Matt Gilpin.
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Younger generations still see home ownership as ‘essential’
There is still a desire to get on the property ladder among young people despite barriers, says LRG’s Tim Foreman.
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Half of family homes affordable on an average income
"The number of two and three-bedroom houses within reach of households on an average income has increased," says Zoopla's Richard Donnell.
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Two-year fixed-rate mortgages within a whisker of 6%
Mark Harris, of mortgage broker SPF Private Clients, says: “While mortgage rates are on an upwards trend, borrowers should not panic."
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Local searches must be mandated at agent instruction, says Connells Group chief
Connells' Chris Rosindale tells The Neg that officials have been told this is the most pressing reform if Ministers want to speed up home moving and reduce fall-throughs.
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Viewing numbers per property halve in two years
The average number of viewings per property is 1.7, down from almost four in August 2024, reveals Propertymark.
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