Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Shock data reveals only top 10% of workers can afford average home
Affordability has become so stretched that home ownership risks becoming a privilege for the wealthiest rather than a goal for working people, according to house-buying firm.
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REVEALED: Why and when vendors relist with another estate agency
New report from Homesearch gives some unusually detailed insight into vendor behaviour when properties don't sell with original agent.
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London market to ‘bounce back off bottom’ says leading estate agent
Matt Thompson at Chestertons says residential sales in the Capital are set to rebound once the Budget is out of the way.
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RICS ‘concerned’ about gathering housing market gloom
The latest RICS survey reveals surveyors warn of a "notable cooling" and a national "pullback" as the market holds its breath ahead of the Budget in two weeks' time.
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Prime London property sales plunge as wealthy wobble
Tax uncertainty and stalled confidence mean buyers and sellers are putting high-end deals on ‘pause’ as they await clarity, warns LonRes.
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AGENT: Is it mortgage madness to lend at 6.5 times salary?
Leading London agent seeks to reassure the housing market that HSBC's recent salary multiple announcement isn't as risky as it looks.
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BLOG: How would a mansion tax affect estate agencies?
Chancellor Rachel Reeves considers a Mansion Tax Eamon Shahir looks at how this would affect estate agents operating under and above its £2m threshold.
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BLOG: Bad conveyancers are like knotweed in property chains
Alex Goldstein takes a light-hearted look at the problems professionals like him face when dealing with sub-optimal conveyancing solicitors.
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INDUSTRY REACTS: Base rate held at 4% for second month
Base rate decision widely expected as MPC waits for clearer signs that inflation is easing before making any further cuts.
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Savills: ‘No real growth’ in housing market until after next election
High interest rates, weak sentiment and fears of tax rises are suppressing demand, with prices not expected to grow in real terms until 2028, warns big estate agency.
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