Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Chancellor ‘ditches’ 1% mortgages ahead of Budget after backlash
Reports suggest Chancellor Jeremy Hunt has scrapped plans to introduce a 1% mortgage to help first-time buyers.
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Connells Group chief stands down after just six months
Sarah Whitney only became Connells chair in September, but has now left, and the news comes just days after LSL chair David Barral departed.
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Industry reaction: UK House prices rise for the first time in a year
UK house prices rose 0.7% month on month in February taking the annual rate of house price growth to 1.2% from -0.2% the previous month.
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‘Get on with it and fix the planning process’ Connells owner tells Government
Skipton CEO Stuart Haire says the most important thing is that ministers get on with changing the planning system so more homes are built.
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Housing secretary investigated for failing to declare football tickets
Housing Secretary Michael Gove has admitted he didn't register a VIP hospitality gift, and the Parliamentary Standards Commissioner is to investigate the lapse.
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Property sales expected to slow as divorce rate tumbles
Office for National Statistics data revealed that there were 80,057 divorces granted in England and Wales in 2022 - the lowest number since 1971.
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Property chiefs deliver key demands to NI’s re-started Executive
Propertymark's blueprint includes a new code of practice for letting agents and tax reforms following the recent restoration of power sharing in the country.
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Scottish time-to-sell nearly HALF of England and Wales
The average time from instruction to completion is 159 days in England and Wales but in Scotland it takes just 70 to 90 days from listing to completion.
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First time buyers will ‘return to market during 2024’
Lower mortgage rates and a £20k 'discount' on average for FTB properties are set to persuade more people to get on the ladder, says Zoopla.
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Bank of Mum and Dad still major factor in housing market
The IFS says average UK house prices have risen by 158% over last 50 years meaning first-time buyers face far more challenges.
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