Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Billionaires swerve London’s prime property and head to Dubai
Luxury property specialist Beauchamp Estates says super wealthy buyers are spending less and opting for smaller prime property in the Capital.
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Chancellor urges Bank of England to cut base interest rate
Rachel Reeves says the Bank should consider cutting its base rate as inflationary pressures subside and the economy continues to improve.
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House prices dip in unusual summer fall, reports Rightmove
Rightmove's latest HPI reveals that average asking prices dropped 0.4% this month, which is a bigger than normal reduction for this time of the year.
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Connells reports major upturn in viewings and instructions
Ian Fry, CEO of the UK's largest estate agency group, says market activity increased significantly in Q2.
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Housing market is resurgent, property leader claims
Nicky Stevenson, MD at Fine & Country, says the property market is buoyant despite mortgage rates remaining high.
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Consumer confidence rising as cost-of-living crisis eases
Barclays makes the claim after looking at spending patterns by its millions of current account holders, including that mortgage and rent payment increases have fallen dramatically.
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40% of the PRS could soon be build to rent, claims Savills
The estate agency says while only 2% of PRS is currently BTR in the UK, in Germany and the US is between 37% and 41%, its new report highlights.
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Boom looming? Labour victory and rate cut to boost market
Monthly barometer of RICS' member agents reveals rising optimism that ongoing subdued market will pick up over next three months.
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Working from home phenomenon tailing off, claims lettings chief
Jackson-Stops' Alex McConnell says more clients are asking for pied-a-terre homes on her London patch to live in during the week - a sure sign #WFH is on the wane.
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Labour drops ‘levelling up’ from housing department title
Rayner says levelling up name change in 2021 by Michael Gove was a gimmick and promises to 'go back to basics' on housing.
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