Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Welsh agents finally get amber light to restart property viewings
Viewings at occupied properties can start on 27 July, 10 weeks after England – providing infections don’t rise, says First Minister.
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Housing market recovery is under way says RICS, but long-term caution remains
Demand up, according to June figures, as recovery emerges and new listing rally following lifting of lockdown.
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Chancellor Rishi Sunak’s stamp duty cut could just push up house prices, warns IFS
Institute for Fiscal Studies warns the blanket increase in threshold to £500,000 could mean first-time buyers lose out.
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Lockdown drove new wave of movers to enter market – as demand spikes
28% of those looking to sell or change rental property had no previous plans prior to the lockdown – with demand up 32%, according to survey.
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Government urged to backdate cut in stamp duty to help recent buyers
The removal of stamp duty from the first £500,000 will come as a 'bitter blow' to those who have just completed.
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Spend, spend, spend Budget as Chancellor boosts jobs to kickstart the economy
Chancellor Rishi Sunak loosens purse strings and splashes £30bn to stimulate the UK economy in the aftermath of Covid-19.
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London lettings bounce back as renters flee possible Covid-19 ‘second wave’
Chestertons survey shows big increase in the number of tenants registering to look for new properties.
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New home sales experiencing a V-shaped recovery, according to new figures
Recovery in sales of new properties has been dramatic after collapsing by 60% in April.
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House prices fall for fourth month in a row, according to Halifax price index
Four-month house price fall is worst run since the aftermath of the financial crisis though prices are still up 2.5% on 2019.
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Young renters at risk of defaulting as furlough scheme comes to close
Landlord body calls for government action to help thousands of at-risk tenants.
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