Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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REACTION: What does interest rate ‘hold’ mean for market?
On a backdrop of an unexpectedly sharp fall in inflation, the Bank's Monetary Policy Committee, led by Andrew Bailey, has chosen to hold rates steady.
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Inflation boost could be ‘starting gun’ for mortgage cuts
Ben Thompson of the Mortgage Advice Bureau says the lowest inflation figure in more than two years might ease mortgage pressures.
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Report claims 390,000 jobs rely on private rented sector
Completed by PwC for the NRLA and lender Paragon, it warns against those who talk of abolishing or significantly reducing the size of the sector.
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Estate agents lead calls for rate cut as inflation drops
Propertymark says it is the 'ideal time' to cut interest rates as inflation falls to its lowest level in more than two years.
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Rents rising slowing but tenants still face affordability squeeze, says Zoopla
Zoopla’s Richard Donnell says there’d no immediate prospect that rental affordability will improve in 2024 despite rental inflation predicted to halve.
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Estate agents warned over growing menace of bamboo
Environet reports a 55% annual increase in enquiries for bamboo removal relating to property transactions between June and December 2023.
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RICS issues ‘ground breaking’ retrofitting guidance
The RICS has published a new standard for residential retrofit work to help meet net zero targets.
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Report reveals shock rise in prime rents since pre-pandemic
Across prime London there were 48.1% more properties on the market to let at the end of February than a year earlier.
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Property firm hits record-breaking figures
Partner at Vail Williams says it has achieved its best ever results and points to new 'people managers' as one of key reasons for the success.
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North Berwick crowned Sunday Times Best Place to live 2024
The Scottish seaside town topped the list of 72 locations and was picked for its combination of a great high street, a great school and great outdoors.
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