Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
-
SNAPSHOT: Have London’s prime sales and lettings markets recovered?
Sales transactions remain subdued when measured only by exchanges but under offer numbers are improving - but lettings are still not back to pre-pandemic levels, says LonRes.
Read More » -
Each home sale involves 15 firms, industry expert tells astounded MPs
Kate Faulkner, chair of the The Home Buying & Selling Group (HBSG), told a House of Commons select committee that the property transaction process 'can be fixed'.
Read More » -
Subsidising weddings could help first-time buyers secure their first property
The Centre for Social Justice has called on the Government to discount the administrative, legal and booking fees of weddings for first-time married couples – saving on average £550 per couple.
Read More » -
Soaring mortgage costs in the Capital put buying out of reach for thousands
Mortgage costs across the Capital can be be 42% higher than average rental prices – substantially higher than other UK cities like Manchester and Bristol where mortgage costs are only around 20% higher than rent.
Read More » -
Bank reveals latest interest rate decision
The Bank of England and its Governor Andrew Bailey have decided to freeze the base interest rate again this month, keeping it at 5.25%.
Read More » -
Will the BoE hold or reduce interest rates today?
The Times' shadow monetary policy committee has voted for the base interest rate to be held while rival economists say a cut is needed.
Read More » -
Property sales listings hit four-year high, report RICS agents
Despite buyer demand mellowing due to small increases in mortgage rates overall activity for the sales market for 2024 remains positive.
Read More » -
Sort out the housing market, Scots estate agents tell Swinney
Propertymark says Scotland's new leader John Swinney must sort the SNP's previous plan to bring in rent controls permanently.
Read More » -
Sotheby’s UK estate agency launches jaw-dropping billionaires’ division
The estate agency's new Family Office will enable billionaire clients to buy or sell a mansion, villa or penthouse as well as the related luxury assets.
Read More » -
Tenants push back on rent increases as supply builds in upmarket London postcodes
Knight Frank’s Tom Bill says that with prices either flat or falling across many prime London sales markets these properties may revert to the lettings market if the asking price is not achieved.
Read More »
