Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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House prices fall in May, reports Nationwide – industry reacts
Annual house price growth has slowed to 1.7%, as the market loses momentum, says Robert Gardner, Nationwide's Chief Economist.
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War is “no longer the major factor” in housing market, says Knight Frank
Tom Bill, of Knight Frank, says the turmoil in British politics is the dominant issue affecting prices and sales.
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Property industry reacts to fall in transactions
The latest seasonally-adjusted data from HMRC shows a 3% drop in the number of deals completed last month.
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New interest-free loan scheme for first-time buyers set up
Scottish Housing Secretary Shirley-Anne Somerville says the First Homes Fund will offer first-time buyers £10,000 towards a deposit.
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Britain’s seaside price hotspots are revealed by Rightmove
Demand for coastal homes remains resilient, even as Britain's price growth stays more modest, says Rightmove's Colleen Babcock.
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First-time buyers fall 6% but “drive growth”
Zoopla's Richard Donnell says buyer enquiries are down, but sales are up with first-time buyers "leading the charge".
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Housing market uncertainty as Labour leadership rivals veer left
Knight Frank’s Tom Bill says the property tax debate is “not helpful for a country trying to attract global talent and investment."
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EXCLUSIVE: Demand for deposit to secure sale sparks big debate
Reservation agreements are increasingly being used to reduce fall-throughs and secure transactions in tougher market conditions, says Propertymark.
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Shock drop in inflation
Inflation has fallen from 3.3% to 2.8%, raising hopes that the Bank of England could ease rates later this year.
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First-time buyer ‘hotspots’ defy national trend
Rightmove figures reveal how some locations have flourishing markets for first-timers despite a general downturn and higher mortgage rates.
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