Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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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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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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