Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Iran conflict and Mansion Tax wipe £360k off top-end homes, says Savills
Prime country properties have seen some steep price corrections as market volatility hits buyer confidence, says Frances McDonald.
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One in five buyers see offer to completion take six months
The survey by solicitors Lyons Bowe said a total of 22% of buyers saw the process take longer than six months.
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Rising mortgage costs accentuate North/South divide, EXP data reveals
North and Midlands outperforming the South, where values are falling, according to big estate agency boss Adam Day.
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Mortgage criteria eased to boost loans market
Lenders can now issue more high loan-to-income offers under proposals designed to allow households to borrow cash.
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Housing market ‘won’t grow’ without this change, warns top adviser
The Government must change tactics if it is going to re-invigorate the housing market, says Heather Powell, a partner at Blick Rothenberg.
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Market turmoil ‘hits first-time buyers hardest’
Rob Houghton, of Reallymoving, says first-time buyers are the group most exposed and vulnerable to rising rates in the home loans market.
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Housing market enjoys best month for nearly a year
The latest HMRC transactions data shows February was the most active month since the spike ahead of a Stamp Duty deadline last year.
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London flat’s SOLD price drops £450k in seven years
The property in London's Canary Wharf has fallen victim to what appears to be part of a growing trend of price reductions on flats.
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Mortgage approvals rise… before the war started
The latest statistics on home loans from the Bank of England show there was an increase last month, but may not be an accurate reflection of the current property market.
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House hunter enquiries slump 13% in March, Zoopla warns
Uncertainty about the economic situation created by war in the Middle East has hit buyer confidence, says research chief, Richard Donnell.
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