Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Seaside resorts suffer price drop up to nearly 40%
Some coastal locations have seen a big fall in prices in the past year, new figures from Yopa reveal.
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Property company insolvencies hit ten-year high
More than 760 real estate businesses have become insolvent this year as economic uncertainty hits the property market.
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First-time buyer hotspots see asking prices up 18%
The first-time buyer hotpots have been revealed by Rightmove, with the portal's Colleen Babcock saying affordability is key.
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Highest ever values recorded in Scottish property market
Total property sales in Scotland surpassed £24billion for the first time since records began more than two decades ago.
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More than half of first-time buyers rely on ‘Bank of Mum and Dad’
Savills' Lucian Cook says more than half of first-time buyers need financial help from their families to purchase a home.
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Worst mortgage affordability since 2008
Higher borrowing costs are stretching affordability and dampening demand in the housing market, says UK Finance’s James Tatch.
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Homes near best nurseries command six-figure premiums
Demand from families who want to live within walking distance of 'outstanding' nurseries is pushing up prices.
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Short-term fix mortgage warning issued by Propertymark
Propertymark President Mary-Lou Press says homebuyers should avoid making loan decisions based solely on rate forecasts.
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Industry reacts to Halifax revealing fall in house prices
Affordability pressures and global uncertainty are keeping a lid on prices, despite continued market activity, says Halifax’s Amanda Bryden.
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Bank of England ratesetter backs rate hike
Raising the Bank Rate would be less risky than allowing inflation to become entrenched, says MPC member Megan Greene.
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