Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Educate would-be landlords before they enter buy-to-let
Speaking at the Propertymark One conference this week Faulkner warned there was a danger of even more ill-informed landlords leaving the sector.
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What the next General Election means for estate and lettings agents
Atomic Consultancy boss Lucy Noonan considers the implications for estate and lettings agents as Labour sets out its plans for the housing market.
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Landlords make their move ahead of EPC rules deadline
Rightmove research seems to show landlords are investing in properties with EPC rating of C or above to meet Government rules.
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Rightmove chief defends 17% hike in fees live at show
Rightmove Director Miles Shipside defended the hike in fees saying that the product offered value for money after Russell Quirk surprised him with the question.
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EXCLUSIVE: Asking prices defy mortgage turmoil as market stands firm
Data from TwentyEA reveals a 3.5% increase in asking prices in the last year, and a 24% rise since 2019.
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Estate agency warns of ‘very tough lettings market’ for tenants
Chestertons says tenants must be prepared for the worst this summeer with branches already carrying out 24% more viewings in May and receiving 29% more offers from tenants.
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Shocking 50% increase in leasehold service charges since 2018
The average annual service charge has risen 8% over the last year to £1,431 meaning leaseholders will hand over a total of £7.6 billion in 2023.
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COMMENT: Why did the Bank of England hike the Base Rate so aggressively?
Leading estate agent cases a critical eye over yesterday's decision to raise the base rate by half-a-percent to 5%.
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Call for two-year rent freeze as London rents ‘spiral out of control’
London Mayor Sadiq Khan warns that out-of-control rents are increasing risk of homelessness as 160,000 Londoners fall behind with payments.
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Landlords call for mortgage interest relief to be reintroduced
On the back of the interest rate hike, landlords are calling for the reintroduction of mortgage interest relief in full and for housing benefit rates to be unlocked.
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