Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Brokenshire defends government over criticism of its house building record
Minister reveals additional updates on evictions, regulation of house builders and extra cash to build 73,000 new homes.
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Boris reveals plan to cut Stamp Duty for all house sales under £500,000
Premiership candidate also wants to reduce taxes paid by those buying homes in the super-prime market.
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Senior industry figure launches novel solution to the housing crisis
Peter Savage is to use his experience in property development, lettings and modular homes to offer local authorities a different and more affordable temporary housing solution.
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Oh we do (still) love to live beside the seaside!
Jackson-Stops analysed exclusive Zoopla data to rank 45 top UK coastal towns and their counties based on capital growth, current average prices and price premiums over the last five years.
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Build to Rent will soon gobble up a third of the private rental market, says Savills
Number of households living in BTR developments will leap from 30,000 today to 1.74 million when the market matures in approximately a decade's time.
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Boom! Northern and Welsh housing markets enjoy extraordinary spring bounce
Outside London and the Home Counties house price rises have hit extraordinary month-on-month highs including 5% in the North and 6.7% in Wales.
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Americans Trump other foreign buyers for London super prime property
US buyers create surge in London super prime property sales with an average purchase price of £7.3m, and beaten only by the Chinese.
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‘Scotland survived the tenant fees ban, so will English lettings agents’
Claim is made by rent guarantor scheme boss who says Scots landlords were happy to add extra costs to rent following its fees ban four years ago.
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Letting agents to lose £400 per let in central London as tenant fees ban bites
Report by Kate Faulkner for software firm ARPM reveals impact of fees ban and urges letting agents to think again about chasing a 'let-only' strategy and focus on full management.
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UK housing market now weaker than Greece’s, global index reveals
The struggling UK sales market has propelled the nation ten places down the global house price index list, Knight Frank has revealed, and has been overtaken by a list of countries unknown previously for their perky housing markets. These include Slovenia, Greece, Peru, Iceland, Chile, Romania, Bulgaria, Estonia, Slovakia, Colombia, Hungary and Latvia, all of which have seen more promising house price growth than the UK over the past 12 months. Two years ago the UK’s homes were increasing in price on average by 4.1% per annum, placing the nation at No.35 within the top 55 but since then the UK’s housing market has become increasingly subdued. The latest Knight Frank report reveals that slowing house price increases in the UK have helped the nation slip to 45th place with an annual inflation rate of 1.4%. This places us some way behind even Greece where house prices have increased by 2.4% despite its debt-ridden economy. Spare a thought for Australia. As Purplebricks found out to its cost, the property market there is in freefall and house prices are currently winding down by 5.5% a year, placing Oz last in the Knight Frank list. Slovenian boom The country with the highest…
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