Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Scottish Government raked in £686.5m in property taxes last year
DJ Alexander has highlighted the fact that homebuyers in Scotland are now contributing over £13m a week to the Government’s coffers.
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Surprise inflation figure fuels interest rate cut hopes
A fall in inflation to 2.8% last month has given some industry experts hope of more base rate cuts by the Bank of England and its Governor Andrew Bailey.
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Spring Statement: Chancellor claims Government ‘within touching distance’ of homes target
Rachel Reeves told MPs Labour is set to build 1.3 million new homes in the next few years at a rate of 305,000 every 12 months.
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Fine & Country demands pro-housing action in Spring Budget
MD Jonathan Handford calls on Government to reduce Stamp Duty, reintroduce a modernised Help to Buy and reform the planning system.
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ANALYSIS: UK has world’s highest property taxes
The high cost of Stamp Duty, Council Tax and Business Rates mean the UK pays the highest proportion of its GDP on property tax in the G7.
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‘It’s got everything’ say estate agents in ‘best place to live’ town
The Sunday Times 'Best Places to Live' guide has revealed a list of the country’s top locations including the top spot, Saffron Walden.
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Yes, Minister! Shared ownership could fix housing crisis, claims estate agency
Shared ownership bridges ‘the gap between renting and full homeownership’ and can give the entire housing market a boost at no additional cost to the Exchequer.
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REACTION: Bank of England keeps Base Rate at 4.5%
The BoE's Monetary Policy Committee has decided to hold its base rate at 4.5%, citing global trade changes led by the US and a sluggish UK economy.
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Industry warned ‘brace yourselves for complaints after Stamp Duty deadline’
Ombudsman says solicitors should get ready for lots of unhappy customers facing higher Stamp Duty bills after 1st April cut-off.
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Many homeowners ‘get asking price wrong’, says Zoopla
The portal's research shows that 78% of property owners do not know how much their home is worth, with most undervaluing it.
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