Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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New report reveals gazumping on the rise – but will Ministers act?
CEO of lender MFS, says its research report reveals both a rise in gazumping but also continuing support among buyers to outlaw it – as it is already in Scotland.
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Number of homes for sale reaches five-year high as stock levels surge
The number of homes for sale across the UK is now 20% higher than this time last year, latest data from Zoopla reveals.
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Asking prices hit record high as agents list more ‘big homes’
Despite the rise in prices and general sense of greater optimism agents say high mortgage rates are continuing to stretch affordability for the typical buyer.
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Building societies calls for looser mortgage regulation to fix ‘broken housing market’
Successful first-time buyers rely on Bank of Mum & Dad and have two above-average incomes, leaving those without help, or single, stuck in the rented sector.
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Prime property platform reveals Spring boom for London’s posh homes
Higher demand has drawn more vendors to the market with the first quarter of this year seeing the highest ever volume of new £5 million plus listings – although wider market has slowed.
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REACTION: Interest rate cut ‘less likely’ after disappointing inflation figure
A fall in inflation of less than expected prompted some economists to pour cold water on an interest rate reduction in June.
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SHOCK: Buy-to-let loans drop by a third as interest rate hikes bite
Analysis of statistics from the Financial Conduct Authority reveals a 37% fall in buy-to-let mortgages.
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PODCAST: Industry figures slog it out over rival housing market predictions
Both Lamdin and Quirk failed to land any big blows during an energetic online session with the standoff turning into a shouty showdown.
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One in five expect to wait until their 40s before owning a home
And more than 80% say that the cost-of-living has impacted their plans, with 49% having delayed them due to affordability concerns.
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House prices stablilising as sales market recovers, report RICS
The latest RICS survey reveals a steady improvement in sentiment, with buyer demand and sales expectations seeing positivity.
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