Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Scottish property tax revenue up an ‘extraordinary’ 750% in ten years
Money raised from the Land and Buildings Transaction Tax (LBTT) has increased from just £7m in April 2015 to £61m in April 2025, says leading Scottish estate agent.
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Agents are anti-AI when it comes to property valuations – agent poll
Nine in 10 estate agents distrust automated property valuations, claiming software undervalues properties by tens of thousands of pounds.
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Average time to sell breaks 200-day barrier for first time
It now takes a record 205 days to sell the average UK home, according independent estate agency boss David Adams.
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UK’s second largest mortgage firm reveals big boost for housing market
Firm's major shake-up of lending criteria is a 'game-changer' for first-time buyers and new build purchases.
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First-time buyers set for mortgage boost under new FCA rules
The Financial Conduct Authority is proposing new lending criteria to help FTBs, self-employed workers and retirees.
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Estate agents overvaluing properties claim mortgage brokers
Research reveals 71% of mortgage brokers doubt estate agents’ market appraisals and expect down-valuations numbers to surge.
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HMRC’s Stamp Duty take rises by 25% this year
Homebuyers are ‘handing over eye-watering sums’ in Stamp Duty, according to big mortgage lender.
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Vendors in the South must lower asking prices, says estate agency boss
Jack Malnick, who was formerly Operations Director with Strike, warns vendors they could face a long wait if they don't price realistically.
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INDUSTRY REACTION: Bank of England holds base rate at 4.25%
As the markets expected, the majority of the Banks' MPC has voted to keep the base rate on hold.
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Agents welcome Rachel Reeves’ reported non-dom tax U-turn
Chancellor is considering making Inheritance Tax changes for non-doms as exodus of wealthy continues to hit London property market.
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