Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Housing market ‘lost momentum’ in January says RICS
RICS’ UK Residential Property Survey shows demand and sales are broadly flat but the market is expected to pick up later in the year.
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Conveyancers are ‘second busiest recruitment sector’
With an average salary of nearly £53,000, conveyancer jobs are the second most in-demand after teachers, Indeed.com says.
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Conveyancing fees for leasehold sales and purchases increase
While freehold conveyancing fees have largely remained flat, fees for those buying leasehold properties have increased by up to 7.14%.
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Property fall-throughs ‘likely’ as thousands miss Stamp Duty deadline
More than 120,000 homebuyers will fail to complete their deals before 31 March, and some will pull out, brokers warn.
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REVEALED: Places where estate agencies are the busiest
OnTheMarket reveals the sales ‘hotspots’ around the country where estate agents are hardest at work.
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Rocketing leasehold service charges putting off buyers, says big estate agency
Hamptons says leasehold flat owners are now paying £2,000 a year on average in England, and that mortgage lenders and buyers are now becoming cautious about value and affordability.
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Agents selling 3,000 homes a day and it’s going to get busier!
The number of homes being sold by agents has gone up by 7% over the past 12 months, according to research by Moverly.
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REACTION: Bank of England cuts Base Rate by 0.25%
In a widely anticipated move, the Bank of England's MPC has just voted to reduce the base rate to 4.50%.
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Bank of England expected to cut base rate today to boost economy
Agents have welcomed the widely-expected 0.25% cut by the bank's Monetary Policy Committee as inflation fades.
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FTBs flock to auctions to ‘beat Stamp Duty deadline’
Reports from conveyancers suggest some FTBs are opting to buy at auction as they have run out of time before SDLT rates rise.
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