Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Million or more mortgages now stretch into retirement years
More than a million home buyers have taken out home loans that will not be paid off until well after they are due to retire, new figures show.
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Lenders must relax mortgage rules, says Zoopla boss
Richard Donnell, data chief at the portal, says 8% stress test rates must change if first-time buyers are to be able to afford mortgages
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Senior property figures predict interest rate to hit 4% next year
Panel of industry property experts takes a look at what 2025 has in store for the property industry including interest rates.
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Sales transactions to rise next year says upbeat Zoopla
Portal's data shows the sales market has already returned to growth with sales agreed this year already 19% up on 2023.
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Affordability pressures on home buyers easing says Halifax
Head of Halifax Mortgages, Amanda Bryden, is predicting happier days ahead for property sales agents as buyer confidence rises.
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First-time buyers racing to beat Stamp Duty deadline, says Rightmove
New evidence from Rightmove suggests FTBs are rushing to seal the deal before Stamp Duty rates go up on 1 April.
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Huge surge in commercial-to-residential conversions
Analysis reveals a 63% increase in the number of change-of-use applications from commercial to residential in the last two years.
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Agency chief says ‘interest rate cut unlikely, but Jan will start with a bang’
Kevin Shaw, National Sales MD at LRG, says inflation rise makes rate cut doubtful, but housing market will still flourish in 2025.
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Learning ‘on the job’ beats the classroom, say estate agents
A big majority of estate agents believe it is better to learn the ropes on the ground than in a classroom, an EXP survey finds.
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‘Dear Sirs’ – will you stop calling us that! Campaign against sexist labels grows
Ellie Rees, Co-founder of London agency Brickworks, has stepped up her campaign to ban sexist language in the property industry with an appearance on national radio.
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