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 market: gap between average asking prices and final sale price widens
Zoopla’s latest house price report shows that the gap between average asking prices to average achieved prices has increased in Q1 2019 across nearly all (16) cities...
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Surprise! Housing market stages unexpected April recovery
Latest research by UK Finance and NAEA Propertymark reveal improving activity as transactions and mortgage approvals increase.
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Millennials are already downsizing, says report
Investment manager, Hargreaves Lansdown has discovered that younger people – between 18 and 34 are now more likely to be downsizing rather than taking on larger loans to move.
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Property transactions hold steady ‘despite Brexit’ worries
Pent up demand is beginning to release as buyers get fed up waiting for the UK to leave the EU, but a lack of stock continues to dog the market.
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Average estate agency fee rises by £532 to £4,152 per sale since 2014, data suggests
Prices have increased by 0.9% this month pushed up sharp rises in the prime market across the UK.
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Rents are rising as fees ban approaches
Figures just released by HomeLet, say average rents are rising in the UK – up 2% year-on-year, as pressure builds from the Tenant Fee Ban.
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Mortgage possession claims rise
Following three years of stability there has been a dramatic rise in mortgage possession claims with both owner-occupier and buy-to-let loans.
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Revealed – Britain’s fastest moving markets
Homes in Scottish cities go under offer in just 27 days, compared to the British average of 56 days, according to new research by Zoopla.
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Flooding risks rise with global warming
The housing market in some areas is in danger of sinking – literally, the Environment Agency warns, as global warming increases flooding risks.
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The Homeowners Alliance now blames builders for the state of peoples’ homes!
The Homeowners Alliance frequently castigates estate agents for their repeated failures to please homeowners and movers… now it’s all the builders’ fault! Which makes a change, at least. Homeowners, according to the new research, do not make improvements to their homes because of the costs; because of having to pay VAT and because good builders are hard to find… and when they do find one, homeowners then break the law by paying in cash. Almost half of homeowners (42%) hit a brick wall finding a builder (pardon the pun). A third (31%) pay cash to avoid VAT to afford home improvements (criminal). 8 in 10 (79%) homeowners have faced obstacles with their home improvement plans – levels highest in London at 87% Difficulty finding a reliable builder is top obstacle – approximately 7.2 million homeowners (42%) affected VAT costs are deterring almost a quarter (23%) – roughly 4 million homeowners – a much bigger issue than Brexit (15%) A third (31%) – approximately 5.3 million homeowners confess to paying cash to avoid VAT costs on home improvements ‘SHOCKING’ DELAYS The Homeowners Alliance also says that Planners are to blame. “… planning permission is stopping or delaying 27% of homeowners from…
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