Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Industry experts expect Bank of England to hold base rate
Propertymark and others say a freezing of the Base Rate might disappoint some in the property sector, but long-term stability is more important.
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Savills claims big market lead in new ad campaign
The international property giant says it sells 40% more £1m-plus homes than any competitor agency in an advert published in national newspapers.
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Over half a million transactions caught in Stamp Duty logjam
Claims is made by Rightmove's Colleen Babcock, who says some 74,000 of those hoping to complete before April 1st will not make it.
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‘Braw’ Scots housing market ‘outperforming England and Wales’
Scottish house prices rose by nearly £500 (0.2%) in January to an average of £225,800 which is 2.4% higher than a year ago according to the latest HPI figures from Walker Fraser Steele.
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Housing market losing momentum as Stamp Duty deadline looms
New buyer enquiries and agreed sales are dipping into negative territory according to RICS' latest report.
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Conveyancing firm reveals workload ‘doubled’ so far this year
There has been a 94% rise in home sellers instructing law firm Taylor Rose as many buyers rush to beat Stamp Duty deadline.
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London buyers wait the longest to complete property sales
Islington in north London records the slowest transactions at five months, according to figures released by Babek Ismayil from quick-buying platform OneDome.
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Foxtons reveals impressive results days after shock allegations
The London giant reports profit up 121% and revenue increased 11% last year, just days after being rocked by claims of sexual harassment and drink driving.
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MARKET: Gap between asking and sold prices narrows
In a positive sign for agents, the gap between asking and sold prices achieved has shrunk since the lows of the Autumn, says EXP UK.
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Stamp Duty cut-off to put more than 60% of transactions at risk’
A massive 62% of home purchases are jeopardised by the deadline to pay lower Stamp Duty rates in a month's time, according to research by Upstix.
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