Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Million pound homes sell for massive loss, new analysis reveals
Around one in five homes valued at a million or more were sold for less last year than their previous purchase price.
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REACTION: Halifax reports strongest annual growth in four months
Despite growth, geopolitical uncertainty could impact inflation and the wider economy, warns Amanda Bryden, Head of Mortgages at Halifax.
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War in Middle East may force Bank to raise interest rates, economists warn
The Bank of England could come under pressure to raise the base rate to control inflation when it next meets in two weeks' time.
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REACTION: Low-key Spring Statement overshadowed by Middle East conflict
Rachel Reeves delivers an upbeat view of the economy – while soaring oil prices and swap rates threaten to stoke inflation and push up both mortgage costs.
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Propertymark calls on agents to adapt to surge in older buyers
Industry body says growth in over-50 buyers is reshaping transactions and requires a more tailored agency approach.
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Fall throughs ‘cost agents nearly £400 million’
Collapsing property chains led to agents in England losing £392 million in fees last year, according to Rightmove.
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Bank of England committee member predicts three base rate cuts in 2026
Monetary Policy Committee member, Alan Taylor, says inflation is “normalising” as the economy slows and jobs market outlook turns negative.
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New property listings data ‘best for 10 years’
Zoopla says there are 6% more homes for sale this February than last year and the market is looking particularly good for first-time buyers.
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Bank ‘must cut interest rates quickly’ influential economists urge
Economic experts from the IPPR thinktank say the Bank of England decision makers need to respond to lower inflation by reducing the base interest rate soon.
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Inflation fall boosts hopes for interest rate cut
Markets are betting on a March cut after January CPI drops from last month’s 3.4% to 3% and cost pressures ease.
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