Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Agency reveals where Help to Buy withdrawal is hitting hardest
Since 2013 Help to Buy helped 387,195 first-time buyers onto the property ladder, allowing them to purchase properties to the tune of £24.7 billion. But no longer.
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Public wants UK’s 1.5m derelict empty homes revived
As of 2023 there were homes worth £532 billion standing empty across England and Wales, with Westminster the worst offender with nearly 36,000 vacant homes.
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Estate agency comparison platform warns industry over pricing
Across England 34% of for-sale stock, excluding homes already marked as sold subject to contract, had seen an asking price reduction since being listed.
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‘Burning’ Giant Hogweed named as next big threat to properties
Like Japanese Knotweed and Himalayan Balsam, Giant Hogweed was brought to the UK as an horticultural oddity but now it has escaped and grows into dense colonies.
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Smaller homes’ prices rise as first-time buyers compete
Smaller homes have recorded the strongest increases as first-time buyers battle higher mortgage costs and the cost-of-living, accounting for 53% of all homes bought with a mortgage in 2023 – the highest proportion since 1995.
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‘It’s time to mandate a universal conveyancing system’ says CILEX
Comments are made by organisation which represents thousands of conveyancers, in its submission to a parliamentary probe into process.
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LSL spends £7 million buying back stock off shareholders
Announcement is made as group reports profit 74% lower than the year before, but it was was still way ahead of analyst forecasts.
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FTBs facing huge affordability squeeze – but will Tories help?
Zoopla’s Richard Donnell says long-term fixed-rate mortgages could help first-time buyers but this is a cohort that needs Government support.
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Planning permission “boosts house asking prices by up to 20%”
Analysis from Home Sale Pack shows the average asking price for a property with pre-agreed planning permission is £475,191 – £47,000 more than comparable homes.
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TPFG now UK’s largest property manager in esate agency – claim
Chief Executive Gareth Samples and CFO David Raggett have bright hopes for the rest of 2024 after revealing a solid set of results to the City yesterday.
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