Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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First-time buyers racing to beat Stamp Duty deadline, says Rightmove
New evidence from Rightmove suggests FTBs are rushing to seal the deal before Stamp Duty rates go up on 1 April.
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Huge surge in commercial-to-residential conversions
Analysis reveals a 63% increase in the number of change-of-use applications from commercial to residential in the last two years.
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Agency chief says ‘interest rate cut unlikely, but Jan will start with a bang’
Kevin Shaw, National Sales MD at LRG, says inflation rise makes rate cut doubtful, but housing market will still flourish in 2025.
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Learning ‘on the job’ beats the classroom, say estate agents
A big majority of estate agents believe it is better to learn the ropes on the ground than in a classroom, an EXP survey finds.
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‘Dear Sirs’ – will you stop calling us that! Campaign against sexist labels grows
Ellie Rees, Co-founder of London agency Brickworks, has stepped up her campaign to ban sexist language in the property industry with an appearance on national radio.
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INDUSTRY REACTION: Shock rise in CPI inflation
Office for National Statistics (ONS) reveals inflation hit 2.3% in October ending hopes of another base rate cut in December.
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Spray foam blighting sales as mortgage firms reject applications says BBC
Five major banks and building societies have told the BBC they will turn down loans for homes with spray foam insulation.
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Thanks Rachel! Budget prompts big rise in sales instructions
Hybrid agency Yopa says there has been an 11.4% rise in the number of properties being listed for sale since the Budget.
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Buyer demand sees ‘bigger-than-normal’ slowdown after Budget
While most of market is looking better following interest rates reduction, Budget 'gloom' has put some buyers off says Rightmove.
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Mortgage approvals rise for FOURTH month in a row
The latest Bank of England figures show mortgage approvals on house purchases have risen by 1.1% to 65,647 during September.
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