Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Money markets’ reaction to Budget sparks hopes of cheaper mortgages
Mortgage experts claim that stability in the money markets could feed through to cheaper mortgages.
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REACTION: Budget reveals mansion tax and higher landlord income tax
Rachel Reeves has today revealed a much-expected mansion tax and also higher income tax for landlords during her parliamentary statement.
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Asking price reductions at ‘highest level for six years’
Over a million vendors have reduced their prices so far this year, but they are taking longer than ever to do so, reveals TwentyCi research.
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Chancellor considers looking at reviving Help to Buy – claim
Hamptons believes that the Government could use Help to Buy scheme to give the stalled market a boost.
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Stamp Duty windfall ‘to make it a tempting target for Chancellor’
21% surge in the Government’s tax take comes despite a pre-budget pause in the housing market.
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Gazundering ‘now hits 90% of property deals’, claims lawyer
Simon Nosworthy of Osbornes Law says it is "standard practice" to demand a last minute reduction in the asking price.
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AGENT: Banks ‘cutting mortgage rates ahead of Budget and BoE decision’
Lenders fighting to attract homebuyers are encouraged by lower inflation and a possible base rate cut, according to Mary-Lou Press of Propertymark.
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Government backs coalition seeking faster homebuying
Main players have been brought together to build roadmap for smart-data framework that will underpin new homebuying process.
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Listings hit 1.5 million so far this year, but will Budget change that?
Buyer activity remains resilient as the housing market waits for clarity on 26 November, according to property data firm.
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INFLATION: ‘Still too high to help people move home’
Smaller-than-expected fall in CPI means the property industry will be waiting nervously for the Bank of England’s December decision.
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