Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Rising sales transactions point to better days ahead
The latest government figures show the number of UK residential transactions in August was 5% higher than last year.
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Worries over Autumn Budget tax changes see Prime markets falter
Savills' head of residential research Lucian Cook says the positive effect of lower mortgage costs is being offset by pre-budget caution.
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DEBATE: Are Rachel Reeve’s rumoured Budget cash grabs stalling the market?
This was one of the key topics discussed yesterday in Mayfair by a group of panellists and their audience at an event organised by Century Capital.
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Nationwide green lights ‘game changing’ 6x earnings FTB mortgages
In a bold move Nationwide will allow FTBs the largest income multiplier compared to its rivals, signalling a likely upturn in housing market activity.
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BoE Governor downplays another base rate reduction
Andrew Bailey has warned that inflation must remain at its current low level before the base rate can come down any further.
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Broken chains cost estate agencies £1m a year each, claims report
Joint research by TwentyEA and ViewMyChain reveals the damage done to estate agencies' revenues if they are at bottom of average progression times.
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Labour’s housing plans ‘won’t help squeezed middle’
Rent to own platform chief points out there is no provision in Labour’s housebuilding plans to help young and first-time buyers get onto the housing ladder.
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Rightmove rejects latest takeover offer amid warnings of hostile bid
The board at Rightmove unanimously rejected a third offer from Aussie portal firm REA prompting more frustrated comments from REA.
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First-time buyers return to market ‘as loan criteria eases’
Research by Savills shows that first-time buyers are spending more on house purchases, as Nationwide makes it eaiser for FTBs to secure loans.
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Vendors ‘losing enthusiasm for off-market property sales’ – claim
Research by TwentyEA has found the likelihood of a vendor choosing to sell their home off-market without it being openly advertised has fallen significantly.
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