Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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‘Burning’ Giant Hogweed named as next big threat to properties
Like Japanese Knotweed and Himalayan Balsam, Giant Hogweed was brought to the UK as an horticultural oddity but now it has escaped and grows into dense colonies.
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Smaller homes’ prices rise as first-time buyers compete
Smaller homes have recorded the strongest increases as first-time buyers battle higher mortgage costs and the cost-of-living, accounting for 53% of all homes bought with a mortgage in 2023 – the highest proportion since 1995.
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‘It’s time to mandate a universal conveyancing system’ says CILEX
Comments are made by organisation which represents thousands of conveyancers, in its submission to a parliamentary probe into process.
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LSL spends £7 million buying back stock off shareholders
Announcement is made as group reports profit 74% lower than the year before, but it was was still way ahead of analyst forecasts.
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FTBs facing huge affordability squeeze – but will Tories help?
Zoopla’s Richard Donnell says long-term fixed-rate mortgages could help first-time buyers but this is a cohort that needs Government support.
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TPFG now UK’s largest property manager in esate agency – claim
Chief Executive Gareth Samples and CFO David Raggett have bright hopes for the rest of 2024 after revealing a solid set of results to the City yesterday.
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New report reveals gazumping on the rise – but will Ministers act?
CEO of lender MFS, says its research report reveals both a rise in gazumping but also continuing support among buyers to outlaw it – as it is already in Scotland.
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Number of homes for sale reaches five-year high as stock levels surge
The number of homes for sale across the UK is now 20% higher than this time last year, latest data from Zoopla reveals.
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Asking prices hit record high as agents list more ‘big homes’
Despite the rise in prices and general sense of greater optimism agents say high mortgage rates are continuing to stretch affordability for the typical buyer.
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