Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Quality transport links rise up list of homebuyers’ priorities
A survey of homebuyers reveals that broadband and mobile connectivity is top factor, while being able to get around becomes more important after Covid.
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Mortgage rates fall to lowest price in nearly two years
The recent cut in the base rate by the Bank of England has encouraged lenders to reduce their mortgage prices.
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Northern cities powering ahead in house price growth
Sheffield, Bradford and Leeds are streets ahead of London as the top investment hotspots.
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UK has longest listing-to-completion times and ‘conveyancers to blame’
Analysis by Gemma Young and proptech platform Moverly, shows that many other countries, especially the US, have much quicker processes than the UK.
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Property asking prices rise for seventh month in a row
Asking prices increased in all regions except the North-West and South-East and are now up 1.2% on last year.
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Interest rate cut sparks surge in new buyer enquiries
First bank rate cut for 12 months sees number of potential buyers contacting agents increase from 11% to 19%.
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Instruction to SSTC time increases as vendors stick to their guns on price
The latest data from TwentyEA reveals the number of days to find a buyer has increased right across the UK.
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‘It’s time to downsize and cash-in’ Rightmove tells older home owners
Portal claims owners of five-bedroom homes could release £498,687 in cash by downsizing to a three-bedroom house, and a £1m+ in the Capital, on average.
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Higher bridging loan lending pinned on rising sales fall-through risk
Increasing trend among buyers is to turn to short-term finance to save their dream home rather than suffer a fall-through.
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Eye-tracker reveals truth about house hunters real interests
Zoopla’s cutting-edge eye-tracking technology reveals house hunters spend more time looking at decorations than structure.
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