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 REACTION: Shock rise in CPI inflation
Office for National Statistics (ONS) reveals inflation hit 2.3% in October ending hopes of another base rate cut in December.
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Spray foam blighting sales as mortgage firms reject applications says BBC
Five major banks and building societies have told the BBC they will turn down loans for homes with spray foam insulation.
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Thanks Rachel! Budget prompts big rise in sales instructions
Hybrid agency Yopa says there has been an 11.4% rise in the number of properties being listed for sale since the Budget.
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Buyer demand sees ‘bigger-than-normal’ slowdown after Budget
While most of market is looking better following interest rates reduction, Budget 'gloom' has put some buyers off says Rightmove.
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Mortgage approvals rise for FOURTH month in a row
The latest Bank of England figures show mortgage approvals on house purchases have risen by 1.1% to 65,647 during September.
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Rachel Reeves’ budget pushes up mortgage costs
Financing the Government’s Budget plans is pushing up the cost of borrowing for everyone including mortgage holders.
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Big spike in property sales around Budget and now listings pick up
Research by Chestertons and Yopa reveals a jump in house sales before and after Chancellor Rachel Reeves' Budget and an increase in listings since then.
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House prices reported up last month across many parts of UK – RICS
The latest RICS market survey revealed by President Tina Paillet says prices are generally on the up, but the squeeze on rentals continues to bite.
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SHOCK: Only half of 1.5m new homes under Labour ‘for private sale’
New figures show that only around 50% of the homes planned by the Labour Government will go on the open housing market.
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EXP UK estate agents ‘faster at selling’ than major competitors
Head of EXP UK Adam Day says his agents are quicker than 24 other major estate agency firms from finding a buyer to sold STC.
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