Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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eMoov makes a move into the super-prime country market
Online agent lists a Surrey luxury mansion, its most expensive property to date for sale since it launched eight years ago.
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House prices in London continue nosediving as Midlands and North rise
Latest Rightmove House Price Index reveals continued tumult in market as high house price frighten off buyers in London and South, but buyers bid higher elsewhere.
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Stamp Duty rise driving landlords to spend on upgrades not portfolio expansion, says Countrywide
Figures from agency giant reveal yet another unintended consequence of the government's desire to squeeze landlords financially.
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Rampant growth of build-to-rent sector revealed by British Property Federation
Homes built grew by 30% over the past 12 months, will reach 200,000 by 2020 and has the backing of the government and planners.
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Public concern over ‘broken’ housing market highest since mid-1970s
Research by pollster Ipsos MORI reveals middle class in South East and Scotland most worried by problems with issue.
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Former housing minister Mark Prisk to headline ombudsman gathering
One of David Cameron’s former housing ministers Mark Prisk is to make his first keynote speech about the industry since he left stepped down. Mark was in post for a characteristically short time for a recent housing minister, although longer than last year’s Alok Sharma, holding office for 11 months from September 2012 to 2013. He is to make his speech at The Property Ombudsman’s annual conference this summer which is to be held at Birmingham’s National Conference Centre in Solihull on June 13th. The event will focus on how to raise standards within the industry. Mark, who is a member of the Royal Institute of Chartered Surveyors and was arguably one of the more thoughtful and better-qualified Tory housing ministers of recent times, will be joined by BBC business journalist and TV presenter Declan Curry, consumer champion and newspaper columnist James Walker, Ryan Hampson from Brief Your Market and Rob Symes, Rightmove’s lettings innovations boss. “Mark’s previous role as Housing Minister and current membership of the Commons Housing, Communities and Local Government Select Committee, Declan’s work for the BBC and James’ experience in helping millions of consumers get their problems sorted, makes them great assets to the conference,” says…
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Purplebricks blames slow start to Spring market on weather, training and economy
Purplebricks has hit its first purple patch after it was revealed today that group revenues for the financial year are likely to be 5% lower than its target of £98 million. In a statement released this morning, the company says a difficult few weeks during late February and early March are to blame for the drop in performance, although Purplebricks says overall group cashflow is on track to be double that of last year’s, helped by good performances from its US and Australian operations. It blames the slowdown on “macro issues” within the economy – presumably the ongoing Brexit jitters – plus the ‘Beast from the East’ storm and the fact that 10% of its LPEs were withdrawn from the market for a training course during late February and early March. These factors drove down sales instructions by 17% during the first three weeks of this month year-on-year, Purplebricks reveals. New instructions “While Purplebricks has experienced strong growth in its UK division to date and it continues to build market share in both the total estate agency market and hybrid estate agency sector in the UK, it has experienced lower than expected levels of new instructions for the Company during…
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All rise: haart reports February market surge
Instructions, viewings, transactions, new buyers, house prices, rents, new tenants and purchasing landlords all rose in February 2018, with 15 buyers chasing every property for sale.
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Savers investing an average of £25 a week in ISAs
Millennials surprisingly engaged in regular investment, but will it build a deposit to buy a home?
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Mortgages at their most affordable for 10 years, says Halifax
Halifax announces best home loan affordability for a decade, with borrowers spending less than a third of their disposable income on mortgage payments.
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