Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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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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Rightmove issues update after takeover collapse
The portal says membership numbers are not growing as quickly as forecast, just a month after REA Group's takever bid failed.
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REACTION: Bank of England cuts base rate by 0.25%
In widely expected move, the Bank of England's MPC has today voted by 8 to 1 to reduce the base rate to 4.75%
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Failure to extend SDLT relief will ‘scupper housing market recovery’
GetAgent survey shows 38% of agents believe that the lack of a Stamp Duty relief extension will have a significant impact on the health of the property market.
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Rise in chain-free homes for sale as landlords sell up
Zoopla says that while there are many reasons why chain-free properties come to market, extra taxes for second home owners and BTL investors are a key reason at the moment.
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