Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Non-dom changes and tax worries ‘stalling Prime Central London’
Prospective tax changes in the impending budget have caused buyers to become more cautious in prime housing markets says Savills' Lucien Cook.
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Hopes rise for another interest rate cut by BoE
Governor Andrew Bailey said the Bank of England would be a "bit more aggressive" in the way it handles possible interest rate reductions.
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Tax fears ‘persuading investors and second homeowners to sell’
Zoopla's latest HPI suggests that possible tax rises in the Budget this month, as well as increases in Council Tax, are forcing buy-to-let owners and people with second homes to sell up.
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All change as number of cash buyers in market drops signifcantly
The number of cash buyers has fallen by up to 44.9% in some areas of the UK according to Land Registry figures.
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REVEALED: Salty secret behind Britain’s slowest-selling homes
Rightmove's 'sales speed' index reveals that while Scots properties sell fastest, properties within coastal areas across Britain sell the slowest - but why?
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Waiting times for local authority searches now ‘postcode lottery’
Moverly's CEO reveals huge variations of between 11 and 51-day waits for local authority searches, delays that put thousands of property sales in jeopardy every year.
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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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