Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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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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Planning permission “boosts house asking prices by up to 20%”
Analysis from Home Sale Pack shows the average asking price for a property with pre-agreed planning permission is £475,191 – £47,000 more than comparable homes.
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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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Building societies calls for looser mortgage regulation to fix ‘broken housing market’
Successful first-time buyers rely on Bank of Mum & Dad and have two above-average incomes, leaving those without help, or single, stuck in the rented sector.
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Prime property platform reveals Spring boom for London’s posh homes
Higher demand has drawn more vendors to the market with the first quarter of this year seeing the highest ever volume of new £5 million plus listings – although wider market has slowed.
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REACTION: Interest rate cut ‘less likely’ after disappointing inflation figure
A fall in inflation of less than expected prompted some economists to pour cold water on an interest rate reduction in June.
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SHOCK: Buy-to-let loans drop by a third as interest rate hikes bite
Analysis of statistics from the Financial Conduct Authority reveals a 37% fall in buy-to-let mortgages.
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