Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Sellers slash prices by 22% to get deals over the line
Access Legal’s Mike Connelly says it is currently the “strongest buyer's market in a generation".
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Chancellor looks to bring in rent controls as cost of living soars
It is reported that Reeves and her fellow Cabinet ministers are alarmed by inflationary pressures caused by the Iran war.
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Flats are falling out of favour
First-time buyers are opting for larger homes rather than flats, according to David Fell, Lead Analyst at Hamptons.
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Lender calls for reform after Stamp Duty tax take hits £15.2bn
Out-of-date thresholds are dragging more buyers into the Stamp Duty tax net, says Coventry Building Society’s Jonathan Stinton.
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Tough market for sellers, claims house buying group
Sellers forced to cut asking prices, endure failed sales or withdraw from the market, reveals House Buyer Bureau’s Chris Hodgkinson.
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Inflation rises as Middle East conflict drives up prices
Price rises have hit fuel and transport hardest but are expected to soon spread to the rest of the economy.
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Britain’s ‘broken’ housing market at a standstill
Homeowners say moving has become too costly, slow and stressful, according to HomeOwners Alliance CEO Paula Higgins.
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Many estate agents ‘fail to check buyers have funds in place’
Nearly a third of homebuyers do not have funds in place when they make an offer, and many agents are not making checks, new figures show.
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Homebuyers see boost in ‘negotiating power’ amid jump in listings
Yopa's Verona Frankish says the property market is showing real signs of growth this year, with the number of homes for sale well up.
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Have eye-watering borrowing costs finally peaked?
Mortgage pricing may have peaked amid the first week-on-week fall in average fixed mortgage rates since the Iran conflict began, says Moneyfactscompare.co.uk
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