Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Lenders cut mortgage costs despite Bank decision to freeze base rate
Banks and building societies are lowering their mortgage rates even though the Bank of England voted to hold the base interest rate at 5%.
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Bank holds base interest rate at 5%
The Bank of England's Monetary Policy Committee voted to hold the base rate at 5% after cutting it last month by 0.25%.
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Summer was not so hot in Prime Central London – report
LonRes Research says August saw falls in transaction volumes across prime London for both sales and lettings.
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Prices will peak as lull in property market kicks in, EXP says
Adam Day of hybrid agency EXP says the housing market usually goes quieter in the autumn, and this year will be no different.
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Buyers demand Government takes action to make house purchases less stressful
Survey shows the majority of homebuyers find the process stressful and overly competitive.
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First-time buyers see lower mortgage costs as bank says base rate ‘will be cut to 3%’
Nick Mendes of John Charcol says mortgage rates for first time buyers are improving, as a major American bank predicts the Bank of England will reduce its base rate to 3% within a year.
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Prime London agency reports £70m surge in summer sales
Arlington Residential director Marc Schneiderman says agency saw a substantial rise in activity and bumper sales this summer.
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Latest RICS report shows housing market on the rise
Respondents to the RICS Residential Market Survey expect the market to continue gaining impetus in the coming months.
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Two-up two-downs selling the fastest
2-bed terraced homes are the fastest-selling property type, signalling a shift in buyer preference, according to Zoopla.
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Council tax hikes for second homes spark mass sell-off
The number of second homes for sale in Pembrokeshire trebled after owners hit with 200% council tax premiums.
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