Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Property expert slams 1% mortgages as ‘unworkable’
Charlie Davidson of law firm Bishop & Sewell says 1% mortgages will leave first time buyers with huge debts.
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Overpriced homes being left on the shelf, says Rightmove
Portal says wobbly economy has created a 'two-speed' housing market but sales levels are beginning to recover.
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Buyer demand up 11% as market makes strong start to year
Figures from Zoopla show buyer numbers are up in all parts of the UK, with London property sales leading the way.
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Prime prices fall but ‘under offers’ and new instructions rise
There were 15.5% fewer transactions in January compared to last year and 6.9% fewer than the pre-pandemic January average.
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Portfolio landlords eye capital raising to fund 2024 expansion
Over half of landlords prefer to purchase terraced homes, 46% prefer semi-detached homes and a quarter are looking out for individual flats.
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UK’s biggest agency pours cold water on Sunak’s housing plans
Connells boss Jason Willetts says the PM's plan is no 'silver bullet', and the Government is still 'miles away' from hitting its housebuilding target.
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PM to slash red tape and (hopefully quickly) boost property market
Rishi Sunak reveals a major initiative to force local councils to be more flexible and allow more inner city development.
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Landlord confidence returning after years of gloom
But concerns are growing over future rental yields as tenant demand shows signs of slowing for the first time in 18 months.
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Estate agency and its director struck off by RICS for misconduct
Emma Walker and E W Estates have been punished by a disciplinary panel after it was found she had lied about her qualifications and experience when applying to join the organisation.
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Property values ‘defied gravity’ during 2023, says Zoopla
Zoopla's Izabella Lubowiecka says value reductions were focused in southern England while modest gains were recorded in lower priced markets.
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