Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Fall-throughs blight more than half property deals
A shocking 58% of sales collapse after offer accepted, with one in six failing months into the process.
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Alto hits new performance highs
Alto delivered “standout” growth in sales, deal size and overall performance, says the group's Chief Executive Riccardo Iannucci-Dawson.
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Britain tops global property tax league, expert claims
Property taxes account for 11% of Britain's tax revenue and are weighing on investment, warns property tax expert Alex Probyn.
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Asking prices rise £4K in a month, says Rightmove
Average asking prices jump, while buyer choice is at its highest level for more than a decade, says Rightmove's Colleen Babcock.
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“Wars are fought in less time” says agent calling for conveyancing reform
Warren Sanders has set up a petition in his campaign for a complete overhaul of the property buying system.
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House prices go negative for only second time in decade, Yopa reports
Higher borrowing costs, affordability pressures and wider economic uncertainty are weighing on buyer demand, says Yopa’s Verona Frankish.
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First-time buyers held back by ‘deposit myth’
Key drivers ruling themselves out of the housing market because of misconceptions over size of deposits, says MAB’s Rachel Geddes.
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Council search wait times balloon beyond four months
Property deals are collapsing as local authority search turnarounds are extending longer putting greater pressure on chains.
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Savills reports longer property deal completion times
The agency says war in the Middle East has made the market more cautious, but there is no rise in fall-throughs.
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Uncertainty and higher mortgage rates dampen buyer demand, RICS reports
Housing market still in the grip of headwinds stemming from the crisis in the Gulf, says RICS analyst, Tarrant Parsons.
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