Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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LATEST: Coastal house prices rising fastest says new data
Nine out of 10 coastal markets recorded price rises over the last 12 months says research from Quickmove Properties.
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Estate agency reveals what really turns buyers off properties.
Busy roads and industrial sites rank close behind as a major ‘no’ when it comes to noise pollution with eight out of 10 wanting to be able to sit outside without being disturbed by any external noise.
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BLOG: What will Labour really mean for the property market?
Trevor Abrahmsohn of Glentree Estates takes a look at what a more left-leaning government may mean for fellow estate agents.
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Average FTB mortgage payments up 61% since 2019
First-time buyers are shelling out over £1,000 a month in mortgage payments – more two thirds the amount since the last General Election, data from Rightmove reveals.
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Gove claims Labour plans to hike Stamp Duty for first-time buyers
Housing Secretary Michael Gove says if Labour doesn't make a Stamp Duty cut permanent then FTBs could pay more than £11K extra.
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Major housebuilder in shock switch from sales to renting
Berkeley Homes says the strategic move is in resoponse to 'sluggish' sales within the new homes market, not helped by the withdrawal of Help to Buy.
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Really? Moving home more stressful than COVID says conveyancing firm
Research from My Home Move Conveyancing reveals 77% of home movers experienced higher levels of stress as a direct result of their last home move.
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AGENT: ‘Overseas buyers rushing to buy before Labour takes power’
Beauchamp Estates has seen a 30% rise in overseas clients enquiring about suitable homes in the Capital that they can buy and get fast-tracked before the Election.
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Estate agents urge BoE to cut interest rates as inflation drops
The target for the headline CPI figure is 2% - set by the Bank of England and central banks across the world – and a drop to 2% had been widely forecast.
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Price reductions continue to blight prime London market
More than 60% of sold properties in South Kensington are being reduced prior to a deal being agreed, compared to 37% in Mayfair & St James’s says LonRes.
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